SECTION 4: FINANCIAL PERFORMANCE 144 Registration No: 199301009307 (264044-M) 6 DIRECTORS’ FEES AND BENEFITS During the financial year, the fees and other benefits received and receivable by the Directors of the Group and of the Company are as follows:- Group Company RM’000 RM’000 Salaries, bonuses and allowances 3,732 2,800 Directors’ fees 222 222 Defined contribution plan 357 336 Social security contributions 2 2 Benefit-in-kind 141 141 4,454 3,501 During and at the end of the financial year, no arrangements subsisted to which the Company is a party, with the object or objects of enabling Directors of the Company to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate. INDEMNITY AND INSURANCE FOR DIRECTORS AND OFFICERS The Company maintains Directors’ and Officers’ liability insurance for purposes of Section 289 of the Companies Act 2016, throughout the year, which provides appropriate insurance cover for the Directors of the Company. The amount of insurance coverage and premium paid for Directors and Officers of the Group during the year amounted to RM10,000,000 and RM22,000 respectively. ISSUE OF SHARES AND DEBENTURES During the financial year, the Company increased its issued and paid-up ordinary share capital from RM39,836,000 comprising 660,868,600 ordinary shares to RM165,902,000 comprising 820,868,600 ordinary shares through the following:- (i) On 20 July 2023, the Company was listed on the Main Market of Bursa Malaysia Securities Berhad pursuant to the Initial Public Offering (“IPO”) of 160,000,000 new ordinary shares at IPO Price of RM0.81 per share. The total proceeds from the IPO is RM129,600,000. The new ordinary shares issued during the financial year ranked pari passu in all respect with the existing ordinary shares of the Company. There were no issuance of debentures during the financial year.
RkJQdWJsaXNoZXIy NDgzMzc=