16. CAPITAL AND RESERVES Share capital Group and Company Amount 30.6.2022 RM’000 Number of shares 30.6.2022 ’000 Amount 30.6.2021 RM’000 Number of shares 30.6.2021 ’000 Issued and fully paid: Ordinary shares At 1 July/1 January 785,437 2,724,685 354,339 1,758,090 Issuance of new shares pursuant to: – Acquisition of subsidiaries – – 139,467 192,368 – ESOS 1,076 971 2,075 6,466 – Private placements 44,868 64,577 118,737 431,504 – Warrant conversion 185,938 366,021 170,819 336,257 At 30 June 1,017,319 3,156,254 785,437 2,724,685 The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. Warrant reserve On 1 August 2016, the warrant reserve arose from the following: i) a renounceable rights issue of 465,146,809 new ordinary shares together with 465,146,809 free new detachable warrants; ii) a special issue of 130,000,000 new ordinary shares together with 65,000,000 free new detachable warrants; and iii) acquisition of certain subsidiaries through issuance of 362,500,000 new ordinary shares together with 181,250,000 free new detachable warrants. The salient features of the Warrants are as follows: i) Each Warrant entitles the registered holder (“Warrant holders”) to subscribe for new ordinary shares in the Company at the exercise price of RM0.50, which may be exercised at any time from the date of issuance to the close of business on the market day immediately preceding the date which is the fifth anniversary from the date of the issuance of Warrants which falls on 30 July 2021 (“Exercise Period”). ii) Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 262
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