233 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 22. ASSETS HELD FOR SALE (CONT’D) In the previous financial year, the Company had completed the distribution of total 83,980,558 Agmo Shares during the financial year, the remaining 19,442 Agmo Shares arising from fractional entitlements will be retained by the Group. As such, the remaining balances of Agmo Shares were reclassified to other investments at FVTPL. 23. SHARE CAPITAL Group and Company Number of ordinary shares Amount 2024 2023 2024 2023 Unit’000 Unit’000 RM’000 RM’000 At beginning of financial year 7,558,682 7,477,571 962,017 904,077 Issuance of new shares pursuant to: - DRP 71,347 81,111 62,694 57,940 At end of the financial year 7,630,029 7,558,682 1,024,711 962,017 During the financial year, the Company issued 71,347,188 new ordinary shares from the exercise of the DRP at an exercise price of RM0.88 per share amounting to RM62,694,375 (net of transaction cost). In the previous financial year, the Company issued 81,111,688 new ordinary shares from the exercise of the DRP at an exercise price of RM0.715 per share amounting to RM57,940,559 (net of transaction cost). The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. The holders of ordinary shares (except treasury shares) are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regards to the Company’s residual assets. 24. TREASURY SHARES Group and Company Number of ordinary shares Amount 2024 2023 2024 2023 Unit’000 Unit’000 RM’000 RM’000 At beginning of the financial year 99,138 39,595 81,258 36,642 Buy back 488 59,543 385 44,616 At end of the financial year 99,626 99,138 81,643 81,258 During the financial year, the Company repurchased 487,900 (2023: 54,542,900) units of its issued share capital from the open market at an average price of RM0.79 (2023: RM0.75) per share including transaction costs. The purchase transactions were financed by internally generated funds. The shares repurchased are held as treasury shares.
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