Page 150 - S P Setia Annual Report 2013
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148 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






23. SHaRe caPital (cOnt’D)

The movement during the fnancial year in the number of shares and share options in which employees of the Group and the Company is
entitled to are as follows:
ESGP

at at
date of grant Vested lapsed 31.10.2013
’000 ’000 ’000 ’000


Offer 1 15,947 - (513) 15,434
Offer 2 1,088 - (8) 1,080
17,035 - (521) 16,514

ESOS
at at
date of grant Vested lapsed 31.10.2013
’000 ’000 ’000 ’000

Offer 1 79,361 - - 79,361
Offer 2 1,503 - - 1,503
80,864 - - 80,864

The fair values of the shares and share options granted under the ESGP and ESOS to which FRS 2 applies were determined using the
binomial model. The signifcant inputs into the model were as follows:


eSGP eSOS
Offer 1 Offer 2 Offer 1 Offer 2

Exercise price * * RM3.08 RM3.04

Date of grant 6 May 19 August 6 May 19 August
2013 2013 2013 2013

Fair value at grant date RM3.15 RM3.14 RM0.51 RM0.52
Vesting period / Option life 2 years 2 years 3 years 3 years
6 months 6 months

Weighted average share price at grant date RM3.42 RM3.37 RM3.42 RM3.37

Expected dividend yield 4.1% 4.2% 4.1% 4.2%
Risk free interest rates 3.21% 3.67% 3.21% 3.67%
Expected volatility 18.62% 18.82% 18.62% 18.82%

* The shares under the ESGP will vest with the grantee at no consideration on the vesting date.

The expected life of the shares and share options are based on historical data and is not necessarily indicative of the exercise patterns that
may occur. The expected volatility refects 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 shares and/or share options granted were incorporated into the measurement
of fair value.
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