Maxis Berhad | Annual Report 2013

69 OVERVIEW OUR BUSINESS STRATEGIC REVIEW CORPORATE GOVERNANCE FINANCIAL STATEMENTS Maxis Berhad Annual Report 2013 OTHER INFORMATION DIVIDENDS (CONTINUED) Subsequent to the financial year, on 11 February 2014, the Directors declared a fourth interim single-tier tax-exempt dividend of 8.0 sen per ordinary share in respect of the financial year ended 31 December 2013 which will be paid on 8 April 2014. The financial statements for the financial year ended 31 December 2013 do not reflect these dividends. Upon declaration, the cash dividend payment will be accounted for in equity as an appropriation of retained earnings during the financial year ending 31 December 2014. The Directors recommend the payment of a final single-tier tax-exempt dividend of 8.0 sen per ordinary share in respect of the financial year ended 31 December 2013, which is subject to shareholders’ approval at the forthcoming Annual General Meeting, and will be paid on a date to be determined. RESERVES AND PROVISIONS All material transfers to or from reserves and provisions during the financial year have been disclosed in the financial statements. SHARE CAPITAL During the financial year, the issued and paid-up share capital of the Company was increased from 7,500,572,900 ordinary shares of RM0.10 each to 7,503,454,800 ordinary shares of RM0.10 each by the issuance of 2,881,900 new ordinary shares for cash pursuant to the exercise of share options under the Employee Share Option Scheme (“ESOS”). The detail of the new ordinary shares issued during the financial year is as follows: NUMBER OF ISSUED AND PAID-UP ORDINARY SHARES EXERCISE PRICE PER SHARE OF RM0.10 EACH RM5.45 1,930,000 RM6.41 931,500 RM6.78 20,400 2,881,900 These new ordinary shares issued during the financial year ranked pari passu in all respects with the existing ordinary shares of the Company. EMPLOYEE SHARE OPTION SCHEME Pursuant to the ESOS implemented on 17 September 2009, the Company will make available new shares, not exceeding in aggregate 250,000,000 shares during the existence of the ESOS, to be issued under the share options granted. The ESOS is for the benefit of eligible employees and eligible directors (executive and non-executive) of the Group and of the Company. The ESOS is for a period of 10 years and is governed by the ESOS Bye-Laws as set out in the Company’s Prospectus dated 28 October 2009 issued in relation to its initial public offering.