Registration No. 200301030845 (633265-K) - 2 - Dividends There were no dividends proposed, declared or paid by the Company since the end of the previous financial year. The Directors do not recommend any dividend in respect of the current financial period. Issue of Shares and Debentures During the financial period, the Company increased its issued and paid-up share capital from RM479,828,496 comprising 1,663,531,629 ordinary shares to RM574,046,216 comprising 4,990,594,887 ordinary shares through issuance of 3,327,063,258 new ordinary shares pursuant to the rights issue with warrants at an exercise price of RM0.04 per share. The new ordinary shares issued during the financial period shall rank pari passu in all respects with the existing ordinary shares of the Company. The Company undertook Share Consolidation involving the consolidation of every 10 existing shares in the Company into 1 ordinary share (“Consolidated Shares”), resulting in the reduction in the number of shares from 4,990,594,887 ordinary shares to 499,059,412 Consolidated Shares. Further, the existing number of 1,663,531,629 Warrants B will be adjusted to 166,353,160 Consolidated Warrants B pursuant to the Share Consolidation. The Share Consolidation has been completed following the listing of and quotation for 499,059,412 Consolidated Shares and 166,353,160 Consolidated Warrants B on the Main Market of Bursa Malaysia Securities Berhad on 12 June 2024. There was no issuance of debentures during the financial period. Options Granted Over Unissued Shares No options were granted to any person to take up unissued shares of the Company during the financial period. Warrants Warrants B The Company had on 13 March 2024 issued 1,663,531,629 Warrants B in conjunction with its renounceable rights issue exercise. The warrants are constituted by a deed poll dated 26 January 2024 (“Deed Poll”). The salient features of the warrants are disclosed in Note 21. On 12 June 2024, the exercise price of the warrants was adjusted from RM0.054 to RM0.540 and reduction in the number of warrants from 1,663,531,629 to 166,353,160 based on the Share Consolidation. As at 30 June 2024, the total number of Warrants B that remain unexercised were 166,353,160. 79 DESTINI BERHAD ANNUAL REPORT 2024
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