continued - The Lion Group

36. EMPLOYEE BENEFITS (continued)
(b) ESOS (continued)
Number of Options
Balance Balance Exercisable
as at as at as at
2009 1.7.2008 Granted Exercised Lapsed 30.6.2009 30.6.2009
Grant date
26.5.2006 4,277,400 – – (306,500) 3,970,900 3,872,900
26.2.2007 5,046,400 – – (264,800) 4,781,600 4,634,600
9,323,800 – – (571,300) 8,752,500 8,507,500
WAEP 1.00 – – 1.00 1.00 1.00
Details of share options outstanding at the end of the year:
WAEP
2010 RM Exercise Period
Grant Date
26.5.2006 1.00 26.5.2006 - 31.8.2010
26.2.2007 1.00 26.2.2007 - 31.8.2010
2009
Grant Date
26.5.2006 1.00 26.5.2006 - 31.8.2010
26.2.2007 1.00 26.2.2007 - 31.8.2010
The fair value of the services received in return for the share options granted is based on the fair value of
share options granted measured using a Binomial option pricing model taking into account the terms and
conditions upon which the options were granted. The fair value of share options measured at grant date
and the assumptions are as follows:
108
Grant Date
26.2.2007 26.5.2006
Fair value (RM) 0.45 0.25
Share price at valuation date (RM) 0.68 1.02
Exercise price (RM) 1.00 1.00
Risk-free rate of interest (%) 3.64 3.64
Expected volatility (%) 56.00 56.00
Expected dividend yield (%) 0.00 0.00
Expected life (years) 3.51 4.27
The expected life of the options is based on historical data and is not necessarily indicative of exercise
patterns that may occur. The expected volatility reflects the assumption that the historical volatility is
indicative of future trends, which may also not necessarily be the actual outcome. No other features of the
option granted were incorporated into the measurement of fair value.