121 ANNUAL REPORT 2024 DIVIDENDS (CONT’D) On 25 February 2025, the Company declared a fourth interim dividend of 3 sen per ordinary share amounted to RM24,132,939 in respect of the financial year ended 31 December 2024, paid on 28 March 2025, to shareholders whose names appeared in the record of depositors on 14 March 2025. The financial statements for the current financial year do not reflect this fourth interim dividend. Such dividend will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2025. RM’000 Cumulative redeemable non-convertible preference shares (“CRNCPS”) In respect of the financial year 31 December 2023 Annual CRNCPS dividend, paid on 22 February 2024 3,563 In respect of the financial year 31 December 2024 Annual CRNCPS dividend, paid on 22 February 2024 712 Annual CRNCPS dividend, paid on 30 April 2024 710 4,985 Dividends on CRNCPS are recognised as finance costs in profit or loss. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements. ISSUES OF SHARES AND DEBENTURES During the financial year:- (a) the Company increased its issued and paid-up share capital from RM125,260,001 to RM393,168,407 by way of: (i) issuance of 90,000,000 new ordinary shares of RM0.90 each for the redemption of CRNCPS which amounted to RM81,000,000; (ii) public issue of 208,960,000 new ordinary shares in conjunction with the initial public offering (“IPO”) listing exercise on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) at the IPO price of RM0.90 each; and (iii) issuance of 3,147,900 new ordinary shares from the exercise of options under the Company’s Employee Share Option Scheme (“ESOS”) at the exercise price of RM0.90 each which amounted to RM4,852,802. The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. (b) the Company issued 2 tranches of Islamic medium term notes of RM100,000,000 in nominal value respectively. The salient terms of the Islamic medium term notes are disclosed in Note 23 to the financial statements. DIRECTORS’ REPORT (cont’d)
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