Bursa Malaysia • Annual Report 2013
151
Financial Reports
27. Employee benefits (cont’d.)
(b) SGP (cont’d.)
The following table illustrates the movement of shares granted under SGP during the financial year:
Movements during the year
At 1 January
Granted
Vested
Forfeited
At 31 December
’000
’000
’000
’000
’000
2013
2011 grant:
RSP
306
-
(154)
(12)
140
2012 grants:
RSP
549
-
(184)
(34)
331
PSP
380
-
-
(156)
224
2013 grants:
RSP
-
1,375
(250)
(29)
1,096
PSP
-
475
-
-
475
1,235
1,850
(588)
(231)
2,266
2012
2011 grant:
RSP
541
-
(175)
(60)
306
2012 grants:
RSP
-
829
(250)
(30)
549
PSP
-
398
-
(18)
380
541
1,227
(425)
(108)
1,235
As disclosed in Note 24, share grants vested during the financial year resulted in the issuance of 588,000 ordinary shares of RM0.50 each (2012: 425,000
ordinary shares of RM0.50 each). The weighted average share price at the date of vesting for the financial year was RM7.42 (2012: RM6.86).
The outstanding share grants at the end of the financial year are to be vested on specific dates in the following periods:
(i) The 2011 grant is to be vested within the next year.
(ii) The 2012 grants are to be vested within the next two years.
(iii) The 2013 grants are to be vested within the next three years.
Notes to the Financial Statements
31 December 2013
