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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
168
25. Share capital
Number of shares
Amount
2020
2019
2020
2019
‘000
’000
RM’000
RM’000
Issued and fully paid:
At 1 April 2019/2018 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.
26. 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 28 August 2019, gave their approval
for the Company’s plan to buy back its own shares. The directors of the Company are committed to enhancing the value of the
Company to its shareholders and believe that the share buy back plan can be applied in the best interests of the Company and its
shareholders.
During the financial year, the Company bought back 873,200 (2019: 814,500) of its issued ordinary shares from the open market at an
average price of RM1.69 (2019: RM1.94) per ordinary share. The total consideration paid for the buy back including transactions costs
was RM1,475,000 (2019: RM1,579,000). The shares bought back are being held as treasury shares in accordance with Section 127 of
the Companies Act, 2016.
Of the total 245,324,330 (2019: 245,324,330) issued and fully paid ordinary shares as at 31 March 2020, 6,070,300 (2019: 5,197,100) are
held as treasury shares by the Company. As at 31 March 2020, the number of outstanding ordinary shares in issue and fully paid-up is
therefore 239,254,030 (2019: 240,127,230).