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 period. The Directors do not recommend any dividend in respect of the current financial year. Issue of Shares and Debentures On 19 May 2025, the Company increased its issued and paid-up share capital through the issuance of 49,905,941 new ordinary shares pursuant to the Private Placement at an issue price of RM0.35 per ordinary share. The new ordinary shares issued during the financial year shall rank pari passu in all respects with the existing ordinary shares of the Company. There was no issuance of debentures during the financial year. Options Granted Over Unissued Shares No options were granted to any person to take up unissued shares of the Company during the financial year. Warrants Warrants B The Company had on 7 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 20. On 12 June 2024, the exercise price of the warrants was adjusted from RM0.054 to RM0.540 with the number of warrants reduced proportionately from 1,663,531,629 to 166,353,160 following the Share Consolidation. As at 30 June 2025, the total number of Warrants B that remain unexercised were 166,353,160. DESTINI BERHAD ANNUAL REPORT 2025 85
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