236 YINSON HOLDINGS BERHAD ACCOUNTABILITY 28. SHARE CAPITAL Group and Company 2025 2024 Number of shares ‘000 Amount RM million Number of shares ‘000 Amount RM million Ordinary shares issued and fully paid: At 1 February 3,064,331 2,241 3,053,725 2,220 Issued during the financial year - Exercise of ESS (Note 30(a)) 781 2 10,557 21 - Exercise of Warrants* 1,212 3 49 - - Dividend Reinvestment Plan 21,265 51 - - - Private Placement 120,000 281 - - - Cancellation of treasury shares (128,302) (164) - - At 31 January 3,079,287 2,414 3,064,331 2,241 * The amount for the financial year ended 31 January 2024 was below RM1 million. During the year, the Company has issued 120,000,000 new ordinary shares at an issue price of RM2.36 per ordinary share pursuant to a private placement. The new ordinary shares rank pari passu in all respects with the existing ordinary shares of the Company. On 23 January 2025, the Company cancelled 128,301,749 treasury shares amounting to RM309 million, resulting in reduction of its issued and paid-up share capital by RM164 million and retained earnings by RM145 million. 29. TREASURY SHARES Group and Company 2025 2024 Number of shares ‘000 Amount RM million Number of shares ‘000 Amount RM million At 1 February 157,333 369 157,333 369 Treasury shares purchased 155,312 392 - - Treasury shares cancelled* (128,302) (309) - - At 31 January 184,343 452 157,333 369 * See Note 28 for details. At the Annual General Meeting held on 16 July 2024, the shareholders of the Company had approved for the Company to repurchase its own shares up to a maximum of ten percent (10%) of the total number of issued shares of the Company. The Directors of the Company are committed to enhancing the value of the Company and believed that the repurchase plan was being applied in the best interest of the Company and its shareholders. 30. SHARE-BASED COMPENSATION PLANS (a) Employees’ Share Scheme 2015 The Company implemented an Employees’ Share Scheme which came into effect on 3 November 2015 for a period of 5 years to 2 November 2020 (“ESS” or “Scheme”). The ESS is governed by the By-Laws which were approved by the shareholders on 3 November 2015. 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.
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