64 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 DIRECTORS’ INTERESTS (Cont’d) Number of ordinary shares of PHP100 each Balance as at 1.1.2021/ Date of appointment Bought Sold Balance as at 31.12.2021 Shares in subsidiaries, GHL Systems Philippines, Inc. Loh Wee Hian 1 - (1) - Sean S. Hesh 1 - - 1 GHL Electronic Payments Inc. Loh Wee Hian 1 - (1) - Sean S. Hesh 1 - - 1 GHL Philippines Financing Services Inc Sean S. Hesh 1 - - 1 By virtue of his interest in the shares of the Company, Loh Wee Hian is also deemed to be interested in the ordinary shares of all the subsidiaries to the extent that the Company has an interest. None of the other Directors holding office at the end of the financial year held any interest in ordinary shares and options over ordinary shares of the Company and of its related corporations during the financial year. DIRECTORS’ BENEFITS Since the end of the previous financial year, none of the Directors have received or become entitled to receive any benefit (other than those benefits included in the aggregate amount of remuneration received or due and receivable by the Directors as shown in the financial statements) by reason of a contract made by the Company or a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest other than those as disclosed in Note 32 to the financial statements. There were no arrangements during and at the end of the financial year, to which the Company is a party, which had the object of enabling the Directors to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate. ISSUE OF SHARES AND DEBENTURES The Company did not issue any new shares or debentures during the financial year. REPURCHASE OF OWN SHARES ESS Shares During the financial year, the Company, in accordance with the By-Laws of the ESS, had appointed MTrustee Berhad to purchase 61,450 units of the Company’s shares (known as “ESS Shares”), amounting RM110,610 in the market to transfer to ESS participants upon exercise of options. DIRECTORS’ REPORT CONT’D
RkJQdWJsaXNoZXIy NDgzMzc=