154 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 15. SHARE CAPITAL The Group/The Company 2024 2023 2024 2023 Number Of Shares (’000) RM’000 RM’000 Issued and Fully Paid-Up Ordinary Shares At 1 January 501,040 501,040 125,260 125,260 Issuance of new shares: - for redemption of CRNCPS 90,000 - 81,000 - - for cash 208,960 - 188,064 - New shares issued under the employee share option scheme for cash (Note 16) 3,148 - 4,852 - Share issuance expenses - - (6,008) - At 31 December 803,148 501,040 393,168 125,260 (a) The holders of ordinary 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. (b) During the financial year, 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 at 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 Securities at an IPO price of RM0.90 each which amounted to RM188,064,000. The listing expenses arising from the issuance of new ordinary shares amounted to RM6,008,396 were offset against share capital and the remaining listing expenses of RM2,530,342 were expensed off to profit or loss; and (iii) Issuance of 3,147,900 new ordinary shares from the exercise of options under the Company’s Employee Share Option Scheme at the exercise price of RM0.90 each which amounted to RM4,852,802. The new ordinary shares issued rank equally in all respects with the existing ordinary shares of the Company.
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