annual report 2014
I
49
OPTIONS GRANTED OVER UNISSUED SHARES
Warrants
During the financial year, the Company undertook a renounceable rights issue of up to 241,998,950 new ordinary shares
of USD0.10 each (“Rights Shares”) at an issue price of RM0.35 per Rights Share, together with up to 181,499,212 free
detachable warrants (Warrant 2014/2017) and an attached bonus issue of up to 181,499,212 new ordinary shares of
USD0.10 each (“Bonus Shares”), credited as fully paid-up, on the basis of four (4) Rights Shares together with three (3)
Warrants 2014/2017 and three (3) Bonus Shares for every twelve (12) existing ordinary shares held on 23 December 2013
(“Rights Issue”).
Pursuant to the Right Issue of the Company, on 23 January 2014, the Company issued 181,499,212 free detachable
Warrants (Warrants 2014/2017) as disclosed in Note 14(d) to the financial statements.
In accordance with the Deed Poll dated 15 March 2012, the holders of the existing Warrants 2012/2015 were entitled to an
adjustment to the exercise price and the number of warrants, which the warrants remained unexercised as at 23 December
2013, pursuant to the Right Issue on 23 January 2014. Accordingly, an additional 19,779,602 of Warrants 2012/2015 was
issued with a fair value of RM0.039 and an exercise price of RM0.35.
Other than above, no options were granted to any person to take up unissued ordinary shares of the Company during the
financial year.
DIRECTORS
The Directors who have held for office since the date of the last report are:
Ding LiHong
Dato’ Mohamed Nazim Bin Abdul Razak
Ding PengPeng
Ding PengWan
Wong Yoke Nyen
Zhu GuoHe
Woon Yeow Thong
Lin YingYu
DIRECTORS’ INTERESTS
The Director holding office at the end of the financial year and his beneficial interests in ordinary shares and warrants in
the Company during the financial year ended 31 December 2014 as recorded in the Register of Directors’ Shareholdings
kept by the Company were as follows:
Number of ordinary shares of USD0.10 each
Balance
Balance
as at
Bonus
Rights
as at
1.1.2014
Bought
issue
issue
31.12.2014
Shares in the Company
Indirect interest:
Ding PengPeng*
363,900,000
12,150,000
90,974,998 121,299,999 588,324,997
Directors’ Report (Cont’d)
