My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 190 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 23. SHARE CAPITAL The Group/The Company 2020 2019 Number Of Shares Share Capital Number Of Shares Share Capital ‘’000 RM’000 ‘’000 RM’000 Issued and Fully Paid-Up Ordinary shares At 1 January 2020/October 2018 3,606,306 360,630 3,606,306 360,630 Issuance of new shares for cash pursuant to: - issuance of new shares (b) 12,500 14,975 - - - DRP (c) 45,623 58,398 - - - private placements (d) 120,000 211,509 - - Cancellation of treasury shares (e) (112,500) (11,250) - - 65,623 273,632 - - At 31 December 3,671,929 634,262 3,606,306 360,630 (a) The holders of ordinary shares (except treasury 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) Issuance of 12,500,000 new ordinary shares amounting to RM14,975,000, net of transaction costs, as part of the total consideration for the acquisition of a 10% equity interest in an investment by the Group as disclosed in Note 11(c) to the financial statements. (c) Issuance of 45,623,744 new ordinary shares from the exercise of the first and second DRP at an exercise price of RM1.28 per share amounting to RM58,398,392 as disclosed in Note 40 to the financial statements. (d) Issuance of 120,000,000 new ordinary shares from the exercise of the first tranche private placement for a cash consideration of RM211,508,811,net of transaction costs. (e) During the financial year, the Company has undertaken the cancellation of treasury shares pursuant to Section 127 of the Companies Act 2016 in Malaysia which resulted in the reduction of the issued and paid- up capital by RM11,250,000. (f) The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company.