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Annual Report 2016
ASIA MEDIA GROUP Berhad
49
Directors’ Report
(continued)
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.
The movements of the warrants during the financial year are as follows:
Entitlement for ordinary shares of RM0.10 each
At
At
1.1.2016
Issued Exercised 31.12.2016
Number of unexercised
Warrants
82,404,283
–
– 82,404,283
OPTIONS GRANTED OVER UNISSUED SHARES
No options were granted to any person to take up unissued shares of the Company during the
financial year.
DIRECTORS
The Directors who served on the Board of the Company since the date of the last report are:
Dato’ Wong Shee Kai
Datuk Seri Syed Ali bin Tan Sri Abbas Alhabshee
Yeong Siew Lee
Paul Jong Jun Hian
DIRECTORS' BENEFITS
Since the end of the previous financial year, no Director of the Company received or become entitled
to receive a benefit (other than benefits included in the aggregate amount of emoluments received or
due and receivable by the Directors or fixed salary of a full-time employee of the Company as shown
in Note 19 to the financial statements) by reason of a contract made by the Company or its related
corporations with any Director or with a firm of which the Director is a member, or with a company in
which the Director has a substantial financial interest.
Neither at the end of the financial year, nor at any time during that financial year, did there subsist
any arrangement to which the Company was a party, whereby the Directors might acquire benefits
by means of acquisition of shares in or debentures of the Company or any other body corporate.