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213
Gamuda Berhad (29579-T) • Annual Report 2012
28. Share capital (cont’d.)
(f)
Fair value of share options granted
The fair value of share options granted during the year was estimated by an external valuer using a binomial
model, taking into account of the terms and conditions upon which the options were granted. In the previous
year, the modifications made to the share options were as follows:
(i)
extension of Expiry Date to 5 July 2014, pursuant to By-law 17.3 of the ESoS effective on 22 December
2009.
(ii)
price adjustment, pursuant to the Rights Issue of Warrants effective on 3 May 2010.
The fair value of share options measured at the respective date and the assumptions are as follows:
ESOS
option price, before rights
issue of warrants (RM)
1.73 2.60 3.63 2.98 2.29 1.94 2.72 2.79 2.79
*
*
*
option price, after rights
issue of warrants (RM)
1.54 2.32 3.24 2.66 2.04 1.73 2.42 2.49 2.49 3.33 3.26 3.37
Fair value of share options,
at the following grant dates
and modification dates (RM):
- Grant date
0.23
-
-
-
-
-
-
-
-
-
-
-
- 22 December 2009
0.93
-
-
-
-
-
-
-
-
-
-
-
- 3 May 2010
1.39
-
-
-
-
-
-
-
-
-
-
-
- Grant date
- 0.29
-
-
-
-
-
-
-
-
-
-
- 22 December 2009
- 0.34
-
-
-
-
-
-
-
-
-
-
- 3 May 2010
- 0.61
-
-
-
-
-
-
-
-
-
-
- Grant date
-
- 0.39
-
-
-
-
-
-
-
-
-
- 22 December 2009
-
- 0.16
-
-
-
-
-
-
-
-
-
- 3 May 2010
-
- 0.27
-
-
-
-
-
-
-
-
-
- Grant date
-
-
- 0.18
-
-
-
-
-
-
-
-
- 22 December 2009
-
-
- 0.29
-
-
-
-
-
-
-
-
- 3 May 2010
-
-
- 0.42
-
-
-
-
-
-
-
-
- Grant date
-
-
-
- 0.27
-
-
-
-
-
-
-
- 22 December 2009
-
-
-
- 0.37
-
-
-
-
-
-
-
- 3 May 2010
-
-
-
- 0.89
-
-
-
-
-
-
-
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012