ESR Group Limited Annual Report 2023 223 Notes to the Consolidated Financial Statements 31 December 2023 42. SHARE-BASED COMPENSATION PLAN (continued) C. Long Term Incentive Scheme (continued) The following awarded shares were outstanding under the Long Term Incentive Scheme during the year ended 31 December 2023: Weighted average share price at grant date Number of awarded shares HK$ ’000 At 1 January 2022 — Granted during the year 23.25 14,406 Cancelled during the year 24.35 (90) Vested during the year 23.99 (594) At 31 December 2022 and at 1 January 2023 13,722 Granted during the year 11.69 8,262 Cancelled during the year 23.49 (4,174) Vested during the year 21.76 (3,403) At 31 December 2023 14,407 The share price at grant date and vesting periods of the awarded shares outstanding under the Long Term Incentive Scheme outstanding as at 31 December 2023 is as follows: Number of awarded shares Share price at Exercise period 2023 2022 grant date ’000 ’000 per share 1,008 4,267 HK$24.35 23–02–22 to 30–06–25 5,631 9,455 HK$22.70 08–06–22 to 08–06–26 316 — HK$12.90 20–04–23 to 31–12–26 2,166 — HK$11.32 25–05–24 to 25–05–27 413 — HK$11.32 08–06–23 to 08–06–26 150 — HK$11.32 25–05–24 to 25–05–27 69 — HK$11.32 01–10–23 to 01–10–24 3,249 — HK$11.32 15–05–25 to 15–05–27 843 — HK$12.88 20–07–23 to 30–06–27 562 — HK$12.88 20–07–23 to 20–07–27 14,407 13,722 The fair value of the awarded shares was determined based on the market value of the Company’s shares at the grant date. The weighted average fair value of the awarded shares granted during the year ended 31 December 2023 was HK$11.69 per share. The total expense recognised in respect of the Long Term Incentive Scheme adopted by the Company for the year ended 31 December 2023 was US$16,613,000. At the date of approval of these financial statements, the Company had 14,407,000 awarded shares outstanding under the Long Term Incentive Scheme, which represented approximately 0.34% of the Company’s shares in issue as at that date. CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC REPORTS
RkJQdWJsaXNoZXIy MTIwODcxMw==