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Notes To The
Financial Statements
As at 31 March 2019
23. Share capital
Number of shares
Amount
2019
2018
2019
2018
’000
’000
RM’000
RM’000
Issued and fully paid:
At 1 April 2018/2017 and At 31 March
245,324
245,324
122,662
122,662
The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared
by the Company. All ordinary shares carry one vote per share without restrictions.
24. Treasury shares
This amount relates to the acquisition cost of treasury shares.
The shareholders of the Company, by a special resolution passed in a general meeting held on 30 August 2018,
gave their approval for the Company’s plan to repurchase its own shares. The directors of the Company are
committed to enhancing the value of the Company to its shareholders and believe that the repurchase plan can
be applied in the best interests of the Company and its shareholders.
During the financial year, the Company repurchased 814,500 (2018: 210,100) of its issued ordinary shares from
the open market at an average price of RM1.94 (2018: RM1.88) per ordinary share. The total consideration paid
for the repurchase including transactions costs was RM1,579,000 (2018: RM396,000). The shares repurchased
are being held as treasury shares in accordance with Section 127 of the Companies Act, 2016.
Of the total 245,324,330 (2018: 245,324,330) issued and fully paid ordinary shares as at 31 March 2019, 5,197,100
(2018: 4,382,600) are held as treasury shares by the Company. As at 31 March 2019, the number of outstanding
ordinary shares in issue and fully paid-up is therefore 240,127,230 (2018: 240,941,730).
financial
statements
161