13) SHARE CAPITAL
(Cont’d)
SHARE ISSUANCE SCHEME (“SIS”)
(Cont’d)
The share options granted and exercised during the financial year are as follows:
Number of options over
Exercise
ordinary shares of RM0.10 each
price
Date of
As at
As at
RM
offer
1.1.2014
Granted Exercised 31.12.2014
0.10 5.6.2014
–
156,000,000
156,000,000
–
The names of the option holders granted options to subscribe for ordinary shares of RM0.10
each during the financial year are as follows:
Number of options over
ordinary shares of RM0.10 each
Date of
As at
As at
Name
offer 1.1.2014 Granted Exercised 31.12.2014
Chew Pei Jing
5.6.2014
– 35,000,000 35,000,000
–
Dato’ Wong Shee Kai
5.6.2014
– 15,500,000 15,500,000
–
Lim Huay Chen
5.6.2014
– 35,000,000 35,000,000
–
Ong Kar Kian
5.6.2014
– 35,500,000 35,500,000
–
Yap Mei Chee
5.6.2014
– 35,000,000 35,000,000
–
Fair value of the share option
The fair value of the options granted was estimated by using the Black-Scholes pricing model,
taking into account the terms and conditions upon which the options was granted. The fair value
of share options measured at grant date and the assumptions are as follows:
2014
RM
Fair value of share options granted (RM)
0.0053
Weighted average share price (RM)
0.08
Weighted average exercise price (RM)
0.10
Expected volatility (%)
62.70
Expected life (months)
3
Risk free rate (%)
3.74
Expected dividend yield rate (%)
–
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
volatilty is indicative of future trends, which may also not necessarily be the actual outcome. No
other features of the option grant were incorporated into the measurement of fair value.
Asia Media Group Berhad Annual Report 2014
108
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
