DIVIDENDS (CONT’D) # On 27 September 2023, the Company has successfully completed the second and final tranche of the dividendin-specie which entails the distribution of up to 14,275,248 Agmo shares held by the Company through MYEGC. Of these shares, 14,255,806 Agmo shares amounted to RM8,696,042 have been distributed to the entitled shareholders, while the remaining 19,442 Agmo shares resulting from fractional entitlements were retained by MYEGC as other investments. The basis of distribution was for every one share of the Company’s held, the shareholders would be entitled for 0.0019 Agmo share. On 28 February 2024, the Directors recommended the payment of a final single-tier dividend of 1.68 sen per ordinary share in respect of the current financial year, subject to the approval of the shareholders at the forthcoming Annual General Meeting. ISSUE OF SHARES AND DEBENTURES During the financial year, the Company increased its issued and paid-up share capital from RM904,076,762 to RM962,017,321 by issuance of 81,110,688 new ordinary shares from the exercise of Dividend Reinvestment Plan (“DRP”) at an exercise price of RM0.715 per share amounting to RM57,940,559 (net of transaction cost). The new ordinary shares issued during the financial year shall rank pari passu in all respects with the existing ordinary shares of the Company. There was no issuance of debentures during the financial year. TREASURY SHARES During the financial year, the Company repurchased 59,542,900 of its issued ordinary shares from the open market. The average price paid for the shares repurchased was RM0.75 per share. The total consideration paid for the share purchase was RM44,616,170 including transaction cost. The ordinary shares purchase were being held as treasury shares in accordance with Section 127(6) of the Companies Act 2016 in Malaysia and were presented as a deduction from equity. As at 31 December 2023, the Company held 99,138,300 treasury shares out of the total 7,558,681,766 issued ordinary shares. Further relevant details are disclosed in Note 24 to the financial statements. OPTIONS GRANTED OVER UNISSUED SHARES No options were granted to any person to take up unissued shares of the Company during the financial year. DIRECTORS The Directors in office during the financial year until the date of this report are: Dato’ Dr Norraesah Binti Haji Mohamad* Wong Thean Soon* Datuk Mohd Jimmy Wong Bin Abdullah* Wong Kok Chau Dato’ Sri Mohd Mokhtar Bin Mohd Shariff Dato’ Mohd Jeffrey Bin Joakim Mohaini Binti Mohd Yusof DIRECTORS’ REPORT (cont’d) 158 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K)
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