240 F INANC IAL Statements 05 Sect ion Ranhi ll Ut i l i t i es Berhad NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 36. SHARE CAPITAL AND TREASURY SHARES Number of ordinary share Amount Share capital Share capital Treasury shares 2022 ’000 2021 ’000 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Group and Company At 1 January 1,283,268 1,065,479 1,438,993 1,282,907 (7,963) (6,277) Issuance of ordinary shares pursuant to: - acquisition of subsidiaries - 222,981 - 156,086 - - Purchase of treasury shares (7,462) (22,236) - - (3,664) (15,330) Distribution of treasury shares 12,832 17,044 - - 8,058 13,644 At 31 December 1,288,638 1,283,268 1,438,993 1,438,993 (3,569) (7,963) (a) Share capital In prior year, the Company increased its issued and paid-up ordinary share capital from RM1,282,906,238 to RM1,438,992,698 by way of issuance of 222,980,657 ordinary shares pursuant to the acquisition of 100% shares of RBSB and 51% shares of RWSB. The holders of the ordinary shares are entitled to receive dividends as and when declared by the Company. All ordinary shares carry one vote per share without restrictions and rank equally with regard to the Company’s residual assets. (b) Treasury shares During the financial year, the Company: (i) repurchased 7,462,000 of its issued ordinary shares from the open market at an average price of RM0.49 per share. The shares repurchased are being held as treasury shares in accordance with Section 127 of the Companies Act 2016; (ii) had declared on 29 November 2021 and distributed on 20 January 2022 a second interim dividend (single-tier) by way of dividend-in-specie via a share dividend distribution of up to 6,411,318 treasury shares on the basis of 0.5 share dividend for every 100 ordinary shares held equivalent to a gross cash dividend of 0.34 sen per ordinary share; and (iii) had declared on 25 February 2022 and distributed on 20 April 2022 a third interim dividend (single-tier) by way of dividendin-specie via a share dividend distribution of up to 6,420,500 treasury shares on the basis of 0.5 share dividend for every 100 ordinary shares held equivalent to a gross cash dividend of 0.29 sen per ordinary share; As at 31 December 2022, the number of treasury shares held are 7,279,165 (2021: 12,648,983) ordinary shares. Such treasury shares are held at carrying amount of RM3,569,000 (2021: RM7,963,000).
RkJQdWJsaXNoZXIy ODQxNzg=