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annual report | 2012 Gunung Capital Berhad (330171-P)
74
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
31 DECEMBER 2012
15 SHARE CAPITAL
Group and Company
No. of shares
Unit
2012 2011
Value
RM
No. of shares
Unit
a) Authorised:
Ordinary shares of RM0.40 each 250,000,000 100,000,000 250,000,000 100,000,000
b) Issued and fully paid:
Ordinary shares of
RM0.40 each
At 1 January 100,947,814 40,379,126 100,708,000 40,283,200
Private placement 10,000,000 4,000,000 - -
Exercise of warrants 1,593,584 637,433 239,814 95,926
At 31 December 112,541,398 45,016,559 100,947,814 40,379,126
Value
RM
(a) During the financial year, 10,000,000 new ordinary shares of RM0.40 each were issued by the Company through
a private placement exercise at an issue price of RM0.61 per share. The new ordinary shares issued ranked pari
passu in all respects with the existing ordinary shares of the Company.
(b) During the financial year, 1,593,584 new ordinary shares of RM0.40 each were issued by the Company for cash
consideration arising from the exercise of Warrants 2003/2013 at an exercise price or RM0.40 per share. The new
ordinary shares issued ranked pari passu in all respects with the existing ordinary shares of the Company.
(c) Warrants 2003/2013
Pursuant to a deed poll dated 20 August 2003, the Company issued 15,999,200 detachable warrants on 13 October
2003 in conjunction with a rights issue of 15,999,200 new ordinary shares of RM1.00 each in the Company. Each
warrant entitles the registered holder at any time during the exercise period from 13 October 2003 to 13 October
2013 to subscribe for 1 new ordinary share of RM1.00 each in the Company at an exercise price of RM1.00 per
share. With effect from 10 September 2010, the 15,999,200 unexercised warrants were adjusted to an exercise
price of RM0.40 per share consequential to the Company’s capital reduction exercise. On 11 October 2010, an
additional 6,414,377 warrants were issued at an exercise price of RM0.40 per share in conjunction with a rights issue
of 50,354,000 new ordinary shares of RM0.40 each in the Company. As at 31 December 2012, 1,833,398 warrants
have been exercised and there were 20,580,179 unexercised warrants at an exercise price of RM0.40 per share.
(d) Warrants 2010/2020
Pursuant to a deed poll dated 3 September 2010, the Company issued 25,177,000 detachable warrants on 11
October 2010 in conjunction with a rights issue of 50,354,000 new ordinary shares of RM0.40 each in the Company.
Each warrant entitles the registered holder at any time during the exercise period from 11 October 2010 to 11
October 2020 to subscribe for 1 new ordinary share of RM0.40 each in the Company at an exercise price of RM0.50
per share. As at 31 December 2012, none of the aforesaid warrants has been exercised and there were 25,177,000
unexercised warrants at an exercise price of RM0.50 per share.