the financial year, the paid-up share capital of the Company increased due to the vesting of Long Term Incentive Plan (‘LTIP’) granted to eligible employees, details of which are disclosed in Note 34 to the financial statements. The new ordinary shares rank pari passu in all respects with the existing ordinary shares of the Company. FINANCIAL STATEMENTS Sec 5 197 TENAGA NASIONAL BERHAD’S LTIP The Company implemented a LTIP on 30 April 2015 for a period of 10 years. The LTIP is governed by the by-laws, which are approved by the shareholders at an Extraordinary General Meeting on 18 December 2014. The main features and details of the number of grants over the shares of the Company are set out in Note 34 to the financial statements. The Companyhas been granted a relief by the Companies Commission of Malaysia (‘CCM’) via letter dated 9 February 2024 from having to disclose in this report the names of the persons to whom LTIP have been granted under the scheme and details of their holdings pursuant to Section 255(1) and Paragraph 5, Part 1, Fifth Schedule of the Companies Act 2016 except for information on employees who were granted the offering of up to 257,700 and more ordinary shares under the LTIP scheme. The employees of the Company who were granted the offering of up to 257,700 and more ordinary shares under the LTIP scheme are as follows: Number of ordinary shares granted under PS* Number of ordinary shares granted under RS** Total Dato’ Seri Ir. Baharin bin Din 503,900 251,400 755,300 Nazmi bin Othman 310,700 191,700 502,400 Datuk Ir. Megat Jalaluddin bin Megat Hassan 255,700 157,400 413,100 Wan Nazmy bin Wan Mahmood 234,000 159,300 393,300 Wahizan bin Abd Rahman 230,500 154,900 385,400 Amir Mahmod bin Abdullah 173,900 136,400 310,300 Zainal Abidin Shah bin Mahamood @ Yahya 168,300 136,800 305,100 Ahmad Faraid bin Mohammed Yahaya 138,600 137,700 276,300 Mohamed Ghous bin Ahmad 132,300 125,400 257,700 * PS - Performance Share Grant ** RS - Restricted Share Grant None of the subsidiaries’ employees were granted