13) SHARE CAPITAL
(Cont’d)
As approved by the shareholders at the Extraordinary General Meeting held on 28th May 2014,
the issued and paid-up share capital of the Company was increased from RM104,131,714 to
RM119,731,714 by way of share issuance of 156,000,000 new ordinary shares of RM0.10 each
in the Company during the financial year under the Share Issuance Scheme (“SIS”).
As approved by the shareholders of the Company at the Extraordinary General Meeting held on
29th July 2013, the authorised share capital of the Company was increased fromRM100,000,000
to RM200,000,000 in 2013 by the creation of additional 1,000,000,000 new ordinary shares of
RM0.10 each. Also, the issued and paid-up share capital of the Company was increased from
RM50,160,000 to RM94,665,214 in 2013 by way of a rights issue of 445,052,137 new ordinary
shares of RM0.10 each at an issue price of RM0.11 per ordinary share on the basis of one (1)
rights share for every one (1) existing ordinary share of RM0.10 each together with one (1)
warrant for every four (4) rights shares subscribed.
The issued and paid-up share capital of the Company was increased further from RM94,665,214
to RM104,131,714 in 2013 by the allotment of 94,665,000 new ordinary shares of RM0.10 each
in the Company at an issue price of RM0.10 per new ordinary share for cash by way of private
placement.
All the new ordinary shares issued rank pari passu with the then existing ordinary shares of the
Company.
2013/2018 WARRANTS
On 8th January 2013, the Company completed the listing of bonus issue of 250,800,000 free
warrants on the basis of one (1) free warrant for every one (1) existing ordinary share of RM0.10
each in the Company. Each warrant entitles the holder of the right to subscribe for one (1) new
ordinary share of RM0.10 each in the Company at an exercise price of RM0.25 per warrrant.
The exercise price of the warrant was adjusted from RM0.25 to RM0.22 and an additional
49,958,382 warrants were issued pursuant to a rights issue undertaken by the Company on 29th
July 2013. The warrants issued are constituted under a Deed Poll executed by the Company.
The salient features of the warrants are as follows:
a) each warrant entitles the registered holder, at any time during the exercise period to
subscribe for one (1) new ordinary share at an exercise price of RM0.25 each, subject
to adjustments in accordance with the provision of the Deed Poll. The exercise price of
warrants was adjusted from RM0.25 to RM0.22 as mentioned above.
b) the exercise price and the number of outstanding warrants shall be adjusted accordingly
to ensure that the outstanding warrants holders would not be prejudiced after the rights
issue of shares with warrants.
c) the warrants may exercisable at any time within five (5) years commencing from and
including the date of issue of the warrants and ending at 5pm on the expiry date.
Asia Media Group Berhad Annual Report 2014
106
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
