129 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION DIVIDENDS (CONT’D.) Subsequent to the financial year end, on 29 February 2024, the Directors have declared an interim single tier dividend of 7.00 sen per ordinary share in respect of the financial year ended 31 December 2023 which amounted to total dividend payable of approximately RM51,503,382. This is computed based on issued and paid-up capital as at 31 December 2023 of 735,762,599 ordinary shares. The actual amount of dividend to be paid will depend on the number of shares in issue at the date of entitlement. The financial statements for the current financial year do not reflect this dividend. Such dividend will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2024. KENANGA GROUP’S EMPLOYEES’ SHARE SCHEME (“ESS” OR “SCHEME”) The Kenanga Group’s ESS is governed by the By-Laws approved by the shareholders of the Bank at an Extraordinary General Meeting held on 25 May 2017. The ESS was implemented on 21 September 2017. It is valid for a period of five (5) years from its commencement date, and is administered by the ESS Committee. The ESS has been extended for another five (5) years from 21 September 2022 to 20 September 2027 in accordance with the provisions of the By-Laws of the ESS. The aggregate maximum number of the shares which may be made available by the Bank under the Scheme shall not in aggregate exceed 10% of the issued share capital of the Bank (excluding treasury shares) at any point in time during the duration of the Scheme. Other principal features of the ESS are as follows: (i) The employees eligible to participate in the ESS must be at least eighteen (18) years of age on the Award Date and are employed by, and are on the payroll of the Kenanga Group and are confirmed in service. The ESS applies to the Bank and its non-dormant subsidiaries. (ii) The entitlement under the ESS for the Executive Directors are subject to the approval of the shareholders in a general meeting and are not prohibited or disallowed by the relevant authorities or laws from participation in the Scheme. The ESS encompasses two (2) primary schemes in the form of Employee Share Option Scheme (“ESOS”) and Employee Share Grant Plan (“ESGP”). The actual allocation of share options to senior management of the Group over the maximum ESS shares was 34.53% as at 31 December 2023. The actual allocation of share grant to senior management of the Group over the maximum ESS shares was 3.31% as at 31 December 2023. More details of the ESS are as disclosed in Note 55 to the financial statements. ISSUANCE OF SHARES AND DEBENTURES There were no new ordinary shares issued during the financial year. During the financial year, the Bank made an issuance and various redemptions of debt securities, as disclosed in Note 26 to the financial statements. DIRECTORS’ REPORT
RkJQdWJsaXNoZXIy NDgzMzc=