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Asia Media Group Berhad
►
Annual Report 2015
Notes to the Financial Statements
(continued)
pg.
105
12. Share capital
Group/Company
2015
2014
Number of
Number of
shares
RM shares
RM
Ordinary shares of RM0.10 each:
Authorised:
At 1 January 2014/
31 December 2014/
31 December 2015
2,000,000,000 200,000,000 2,000,000,000 200,000,000
Issued and fully paid:
Ordinary shares of RM0.10
At 1 January
1,197,317,137 119,731,714 1,041,317,137 104,131,714
Issuance of shares
pursuant to the Share
Issuance Scheme (“SIS”)
–
– 156,000,000 15,600,000
Capital reduction
(957,853,711) (95,785,371)
–
–
At 31 December 2015
239,463,426 23,946,343 1,197,317,137 119,731,714
Capital reduction
On 7 December 2015 and 23 December 2015, the Company completed the par value reduction
of every ordinary share of RM0.10 each to RM0.02 each and share consolidation of every five
(5) ordinary shares of RM0.02 each into one (1) ordinary shares of RM0.10 each in the issued
and paid up share capital of the Company.
Adjustment to 2013/2018 warrants
On 23 December 2015, the exercise price of the warrant was adjusted from RM0.22 to RM1.10
and number of outstanding warrants were adjusted from 412,021,415 to 82,404,283 pursuant
to par value reduction and the share consolidation. The warrants issued are constituted under
a Deed Poll executed by the Company.