ENRA Group Berhad | Annual Report 2022 146 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2022 28. WARRANTS 2020/2025 (cont’d) (e) If a resolution is passed for a members’ voluntary winding-up of the Company, or where there is a compromise or arrangement, whether or not for the purpose of or in connection with a scheme for the reconstruction of the Company or the amalgamation of the Company with one or more companies, then: (i) for the purposes of such winding-up, compromise or arrangement (other than a consolidation, amalgamation or merger in which the Company is the continuing corporation) to which the registered Warrant Holder (or some other persons designated by them for such purpose by special resolution) shall be a party, the terms of such winding-up, compromise or arrangement shall be binding on all the registered Warrant Holders; and (ii) in any other case, every Warrant Holder shall be entitled, upon and subject to the provisions of the Deed Poll, at any time within six (6) weeks after the passing of such resolution for a members’ voluntary winding up of the Company or within six (6) weeks after the granting of the court order approving the compromise or arrangement, by the irrevocable surrender of his/her Warrants to the Company, submitting the exercise form duly completed together with payment of the relevant exercise money, to elect to be treated as if he had immediately prior to the commencement of such winding-up, compromise or arrangement (as the case may be), exercised the exercise rights represented by such Warrants to the extent specified in the relevant exercise form and be entitled to receive out of the assets of the Company which would be available in liquidation if he/she had on such date been the holder of the new Company Shares to which he/she would have become entitled pursuant to such exercise and the liquidator of the Company shall give effect to such election accordingly. There was no exercised of Warrant during the financial year ended 31 March 2022. 29. EARNINGS/(LOSS) PER ORDINARY SHARE (a) Basic Basic earnings/(loss) per ordinary share for the financial year is calculated by dividing the profit/(loss) for the financial year attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the financial year. Group 2022 2021 Profit/(Loss) attributable to equity holders of the Company (RM’000) 7,319 (6,360) Weighted average number of ordinary shares in issue after deducting the treasury shares (’000) 134,919 134,919 Basic earnings/(loss) per ordinary share (sen) for: Profit/(Loss) for the financial year 5.42 (4.71) (b) The diluted earnings per share for the current financial year is anti-dilutive and the warrants exercise price is more than the average share price for the financial year (2021: None). Accordingly, the diluted earnings per share for the current financial year is presented as equal to basic earnings per shares
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