Overview Our Business
Strategic Review Corporate Governance
Financial Statements
Other Information
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DIVIDENDS (CONTINUED)
Subsequent to the financial year, on 4 February 2016, the Directors declared a fourth interim single-tier tax-exempt dividend of 5.0 sen per ordinary
share in respect of the financial year ended 31 December 2015 which will be paid on 25 March 2016. The financial statements for the financial year
ended 31 December 2015 do not reflect these dividends. Upon declaration, the cash dividend payment will be accounted for in equity as an appropriation
of retained earnings during the financial year ending 31 December 2016.
The Directors do not recommend payment of any final dividend in respect of the financial year ended 31 December 2015.
RESERVES AND PROVISIONS
All material transfers to or from reserves and provisions during the financial year have been disclosed in the financial statements.
SHARE CAPITAL
During the financial year, the issued and paid-up share capital of the Company was increased from 7,506,580,900 ordinary shares of RM0.10 each to
7,509,975,800 ordinary shares of RM0.10 each by the issuance of 3,394,900 new ordinary shares for cash pursuant to the exercise of share options
under the Employee Share Option Scheme. The details of the new ordinary shares issued during the financial year are as follows:
Exercise price per share
Number of issued and paid-up
ordinary shares of RM0.10 each
’000
RM5.45
1,478
RM6.41
1,559
RM6.78
358
3,395
These new ordinary shares issued during the financial year ranked pari passu in all respects with the existing ordinary shares of the Company.
EMPLOYEE SHARE OPTION SCHEME (“ESOS”) AND LONG-TERM INCENTIVE PLAN (“LTIP”)
(a) ESOS
Pursuant to the ESOS implemented on 17 September 2009, the Company will make available new shares, not exceeding in aggregate 250,000,000
shares during the existence of the ESOS/LTIP, to be issued under the share options granted. The ESOS is for the benefit of eligible employees
and eligible directors (executive and non-executive) of the Group. The ESOS is for a period of 10 years and is governed by the ESOS Bye-Laws
as set out in the Company’s Prospectus dated 28 October 2009 issued in relation to its initial public offering.
An ESOS/LTIP Committee comprising Directors of the Company has been set up to administer the ESOS/LTIP. The ESOS/LTIP Committee may
from time to time, offer share options to eligible employees and eligible directors of the Group to subscribe for new ordinary shares of RM0.10
each in the Company.
Details of the ESOS are disclosed in Note 31(b) to the financial statements.
Directors’ Report
