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77
Maxis Berhad
Annual Report 2014
Directors’
Report
DIVIDENDS (CONTINUED)
Subsequent to the financial year, on 6 February 2015, 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 2014 which will be paid on 27 March 2015. The financial
statements for the financial year ended 31 December 2014 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 2015.
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 2014, 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 7,503,454,800 ordinary shares of
RM0.10 each to 7,506,580,900 ordinary shares of RM0.10 each by the issuance of 3,126,100 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:
Exercise price per share
Number of issued and paid-up
ordinary shares of RM0.10 each
’000
RM5.45
1,661
RM6.41
1,355
RM6.78
110
3,126
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.
