Fraser & Neave Holdings Bhd Annual Report 2021

F&NHB SHARE GRANT PLANS The Company has in place share-based remuneration incentive plans, details of which are as follows: i) The F&NHB Share Grant Plan 2012 (“F&NHB SGP 2012”) established and implemented on 15 March 2012, comprises the F&NHB Restricted Share Plan (“F&NHB RSP 2012”) and Performance Share Plan (“F&NHB PSP”). F&NHB SGP 2012 is due to expire on 14 March 2022. Under F&NHB SGP 2012, the Company generally has been granting share awards (“Award(s)”) to eligible participants with a performance period of two years and a vesting period over three years. Please see Note 16(c) to the financial statement for further details. To date, there were no grants made under the F&NHB PSP. ii) The F&NHB Share Grant Plan 2021 (“F&NHB SGP 2021”) was approved by shareholders of the Company at the Extraordinary General Meeting held on 19 January 2021 and was implemented on 11 February 2021. The F&NHB SGP 2021 is valid for 10 years from 11 February 2021 to 10 February 2031. The details of the shares awarded under the F&NHB SGP 2012 and F&NHB SGP 2021 are as follows: Number of share grants Vesting period At 1.10.2020/ grant date Adjustment for achievement factor Vested * Lapsed At 30.9.2021 F&NHB SGP 2012 F&NHB RSP Year 6 (22.12.2016) 61,950 – (61,650) (300) – 31.12.2018- 31.12.2020 F&NHB RSP Year 7 (22.12.2017) 128,900 – (64,150) (10,625) 54,125 31.12.2019- 31.12.2021 F&NHB RSP Year 8 (22.12.2018) 213,600 (60,700) (76,450) (12,450) 64,000 31.12.2020- 31.12.2022 F&NHB RSP Year 9 (23.12.2019) 495,900 (194,750) – (106,400) 194,750 31.12.2021- 31.12.2023 900,350 (255,450) (202,250) (129,775) 312,875 F&NHB SGP 2021 F&NHB RSP Year 10 (15.02.2021) 384,200 – – (62,400) 321,800 31.12.2022- 31.12.2024 1,284,550 (255,450) (202,250) (192,175) 634,675 * Share grants lapsed upon cessation of employment. The main features of the Company’s SGP 2012 and SGP 2021 are disclosed in Note 16(c) to the financial statements. The Directors do not participate in the F&NHB share grant plans. INDEMNITY AND INSURANCE COSTS The Directors and O&cers of the Group were covered by Directors’ and O&cers’ liability insurance for any liability incurred in discharging their duties in their respective capacity, subject to the terms of the insurance policy. The premium paid in respect of the Directors’ and O&cers’ liability insurance for the Directors and O&cers of the Group amounted to RM21,475. The policy has an indemnity coverage of RM20,000,000. There were no indemnity insurance and insurance costs e!ected for auditors of the Group during the financial year. 164 DIRECTORS’ REPORT for the financial year ended 30 September 2021