22. SHARE CAPITAL AND TREASURY SHARES Group and Company 2021 2020 Number Number of shares of shares (’000) RM’000 (’000) RM’000 Ordinary shares Issued and fully paid: Balance as at 1 January 429,857 144,530 403,301 134,975 Issued for cash through private placement - - 26,556 9,555 Balance as at 31 December 429,857 144,530 429,857 144,530 (a) In the previous financial year, the issued ordinary share capital of the Company was increased from 403,300,521 to 429,857,221 by way of the issuance of 26,556,700 new ordinary shares through private placement at issue price ranging RM0.16 to RM0.61 per ordinary share for a total cash consideration of RM9,555,000. (b) The owners of the parent are entitled to receive dividends as and when declared by the Company and are entitled to one (1) vote per ordinary share at meetings of the Company. All ordinary shares rank pari passu with regard to the residual assets of the Company. (c) Of the total 429,857,221 issued and fully paid ordinary shares as at 31 December 2021, 417,800 ordinary shares bought for RM87,000 in the previous financial year are held as treasury shares by the Company. The number of outstanding ordinary shares in issue after deducting the treasury shares is 429,439,421 ordinary shares as at 31 December 2021. 23. RESERVES Group Company 2021 2020 2021 2020 Note RM’000 RM’000 RM’000 RM’000 (Restated) Non-distributable: Exchange translation reserve (a) (1,325) (2,778) - - Fair value reserve (b) (28,327) (24,297) (28,327) (24,297) (29,652) (27,075) (28,327) (24,297) Distributable: Retained earnings 35,769 36,462 30,339 42,241 6,117 9,387 2,012 17,944 NOTES TO THE FINANCIAL STATEMENTS 153 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 31 December 2021 (cont’d)
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