FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 105 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 20. FIXED DEPOSITS WITH LICENSED BANKS Fixed deposits with licensed banks of the Group and of the Company at the end of the reporting period bore effective interest rates ranging from 0.96% to 1.71% (2023: 0.86% to 4.8%) and Nil (2023: 4.8%) per annum respectively. The xed deposits have maturity periods ranging from 30 to 365 days (2023: 2 to 365 days) and Nil (2023: 2 days) for the Group and the Company respectively. The xed deposits of the Group amounting to RM517,372 (2023: RM539,574) are pledged to licensed banks as security for bank guarantee facility granted to the Group. 21. SHARE CAPITAL The Group/The Company 2024 2023 2024 2023 Number of Shares RM RM Issued and fully paid-up At 1 January 1,580,152,675 1,580,152,675 118,441,045 118,441,045 Issuance of new shares, pursuant to: - exercise of warrants 9,291,450 - 37,165,800 - At 31 December 1,589,444,125 1,580,152,675 155,606,845 118,441,045 The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared by the Company and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. During the nancial year, the Company increased its issued and paid-up share capital from RM118,441,045 to RM155,606,845 by way of issuance of 9,291,450 new ordinary shares from the exercise of Warrants 2021/2026 at the exercise price of RM4 per warrant which amounted to RM37,165,800. The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. 22. TREASURY SHARES The Group/The Company 2024 2023 2024 2023 Number of Shares RM RM At 1 January 7,246,250 9,201,250 3,739,069 4,747,849 Distribution - (1,955,000) - (1,008,780) At 31 December 7,246,250 7,246,250 3,739,069 3,739,069 In the previous nancial year, on 5 December 2023, the Company transferred 1,955,000 of its treasury shares for the settlement of shares granted to employees and directors of the Group under the Share Grant Plan approved by the shareholders at an Extraordinary General Meeting held on 10 June 2022. As at 31 December 2024, the number of outstanding ordinary shares in issue after the set-off of 7,246,250 (2023: 7,246,250) treasury shares held by the Company is 1,582,197,875 (2023: 1,572,906,425) ordinary shares.
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