ISSUE OF SHARES AND DEBENTURES
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 pursuant to the Share Issuance Scheme (“SIS”) of the Company.
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.
d) the new ordinary shares to be issued pursuant to the exercise of the warrants upon allotment
and issue, shall rank pari passu in all respect with the existing ordinary shares of the Company
except that the new ordinary shares shall not be entitled to any dividends, rights, allotment
and/or other distribution that may be declared, made or paid prior to the date of allotment and
issuance of the rights shares.
Asia Media Group Berhad Annual Report 2014
60
DIRECTORS’ REPORT
(Cont’d)
