165 ENRA GROUP BERHAD ANNUAL REPORT 2025 Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 69 199201005296 (236800 - T) 13. SHARE CAPITAL (continued) (b) (continued) Salient features of the Warrants are as follows: (continued) (v) 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: (a) 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 (b) 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. During the financial year, 10,000,000 new ordinary shares of RM1.00 each were issued pursuant exercise of Warrants 2020/2025 for the equivalent numbers by the registered holders. As at the end of the reporting period, the number of warrants 2020/2025 unexercised comprises RM34,971,973 (2024 : RM44,971,973) warrants. 14. REDEEMABLE CONVERTIBLE PREFERENCE SHARES (“RCPS”) Group 2025 2024 Number Number of shares Amount of shares Amount ’000 RM’000 ’000 RM’000 Equity component of RCPS with no par value At beginning of the financial year 696 2,447 800 2,886 Conversion of RCPS - - (104) (409) At end of the financial year 696 2,447 696 2,477
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