150 YINSON HOLDINGS BERHAD ACCOUNTABILITY DIVIDENDS (CONTINUED) On 28 March 2025, the Directors declared a final single tier dividend of 1.0 sen per ordinary share for the financial year ended 31 January 2025 (“Q4 Final Dividend FY2025”). The DRP shall apply to the entire Q4 Final Dividend FY2025, whereby shareholders will be given an option to elect to reinvest their Q4 Final Dividend FY2025 into new shares of the Company. The entitlement date and dividend payment date are 28 May 2025 and 25 June 2025 respectively. RESERVES AND PROVISIONS All material transfers to or from reserves and provisions during the financial year are disclosed in the financial statements. ISSUE OF SHARES AND DEBENTURES During the current financial year, the Company increased its issued and paid-up ordinary share capital from 3,064,331,331 to 3,079,287,282 through the following transactions: - issuance of 120,000,000 new ordinary shares arising from the private placement exercise completed on 29 March 2024; - issuance of 781,300 new ordinary shares arising from the exercise of options under the Employees’ Share Scheme as shown under Employees’ Share Scheme below; - issuance of 1,211,931 new ordinary shares arising from the exercise of warrants; - issuance of 21,264,469 new ordinary shares issued under the DRP; and - cancellation of 128,301,749 treasury shares. The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. There were no new debentures issued during the financial year. TREASURY SHARES During the current financial year, the Company: - repurchased 155,312,200 of its issued shares from the open market on Bursa Malaysia Securities Berhad (“Bursa Malaysia”) for a total consideration paid of RM392 million. The average price paid for the shares repurchased was approximately RM2.53 per share and was financed by internally generated funds. The shares repurchased are held as treasury shares in accordance to Section 127(4) of the Companies Act 2016; and - cancelled its 128,301,749 treasury shares. Details of the treasury shares are set out in Note 29 to the financial statements. EMPLOYEES’ SHARE SCHEME On 3 November 2015, the Company obtained all required approvals and complied with the requirements pertaining to the establishment of Employees’ Share Scheme (“ESS”). On 25 January 2018, the Board of Directors resolved to extend the ESS tenure for additional five (5) years till 2 November 2025 in accordance with the terms of the ESS By-Laws. The Company had issued three offers of options with total of 9,000,000, 3,740,000 and 4,740,000 options on 27 February 2019, 22 January 2020 and 28 September 2021 respectively to eligible employees of the Group, including Executive Directors of the Company with 3 vesting periods. At date of issuance, the options for unissued shares were exercisable at RM4.00 per share, RM6.00 per share and RM4.67 per share respectively in 3 tranches upon fulfilling the vesting conditions and shall expire on 27 February 2023, 22 January 2024 and 28 September 2025 respectively. The third and fourth offer of options had lapsed on 27 February 2023 and 22 January 2024 respectively. No options were granted to Directors during the financial year ended 31 January 2025.
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