ANNUAL REPORT 2016
70
Techno
Dex
Berhad
(627634-A)
15. SHARE PREMIUM
The movements in the share premium of the Group and the Company are as follows:
The Group/The Company
2016
2015
RM
RM
At 1 May 2015/2014
1,853,040
694,989
Share issurance expenses
-
(210,389)
Conversion of warrants
-
1,368,440
At 30 April 2016/2015
1,853,040
1,853,040
The share premium is not distributable by way of dividends and may be utilised in the manner set out in Section
60(3) of the Companies Act 1965 in Malaysia.
16. WARRANTS 2013/2018
The Group/The Company
2016
2015
RM
RM
No. of outstanding warrants
At 1 May 2015/2014
84,666,350
85,196,350
Exercised
-
(530,000)
At 30 April 2016/2015
84,666,350
84,666,350
On 23 September 2013, the Company had issued 85,196,350 newWarrants 2013/2018 to all entitled shareholders
of the Company on the basis of one (1) free detachable warrant for every three (3) existing ordinary shares of
RM0.10 each held in the Company.
Each warrant carries the entitlement to subscribe for one (1) new ordinary share of RM0.10 each in the Company
at the exercise price of RM0.11 which shall be satisfied in cash and at any time during the exercise period as
indicated above (“Exercise Period”) subject to the adjustments in accordance with the provisions of the deed poll
dated 6 August 2013. Any warrants not exercised during the Exercise Period will thereafter lapse and cease to be
valid for any purpose.
During the last financial year, 530,000 Warrants 2013/2018 were converted into ordinary shares. As at 30 April
2016, the total number of Warrants 2013/2018 which remains unconverted amounted to 84,666,350 units.
The ordinary shares from the exercise of Warrants 2013/2018 shall rank pari passu in all respects with the existing
issued ordinary shares of the Company, save and except that they will not be entitled to any dividends rights,
allotment, and/or other distributions that may be declared, made or paid prior to the date of allotment and issue
of the new shares arising from the exercise of Warrants 2013/2018.
NOTES TO THE
FINANCIAL STATEMENTS
(continued)
