MISC Annual Report 2017

MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 255 Financial Statements 26. SHARE CAPITAL AND SHARE PREMIUM (a) Share capital Group and Corporation Number of shares Amount 2017 '000 2016 '000 2017 RM'000 2016 RM'000 Issued and fully paid Ordinary shares At 1 January Add: Transitioning to non-par value regime (i) - - At 31 December Special preference share - (ii) - (ii) - (ii) - (ii) L 7KH QHZ &RPSDQLHV $FW WKH ŏ$FWŐ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here is no impact on the numbers of ordinary shares in issue or the relative entitlement of any of the members as a result RI WKLV WUDQVLWLRQ LL 7KH *URXS KDV RQH DXWKRULVHG DQG LVVXHG VSHFLDO SUHIHUHQFH VKDUH RI 50 The special preference share, which may only be held by the Ministry of Finance ("MoF") or its successors or any Minister, UHSUHVHQWDWLYH RU DQ\ SHUVRQ DFWLQJ RQ EHKDOI RI WKH *RYHUQPHQW RI 0DOD\VLD FDUULHV ULJKWV DV SURYLGHG E\ $UWLFOH % RI WKH &RUSRUDWLRQ V $UWLFOHV RI $VVRFLDWLRQ &HUWDLQ PDWWHUV LQ SDUWLFXODU WKH DOWHUDWLRQV RI VSHFLƓHG $UWLFOHV RI $VVRFLDWLRQ UHTXLUH WKH SULRU DSSURYDO RI WKH KROGHU RI WKH VSHFLDO SUHIHUHQFH VKDUH The holder of the special preference share is not entitled to any dividend nor to participate in the capital distribution upon GLVVROXWLRQ RI WKH &RUSRUDWLRQ EXW VKDOO UDQN IRU UHSD\PHQW LQ SULRULW\ WR DOO RWKHU VKDUHV 7KH VKDUH GRHV QRW FDUU\ DQ\ ULJKW WR YRWH DW *HQHUDO 0HHWLQJV EXW WKH KROGHU LV HQWLWOHG WR DWWHQG DQG VSHDN DW VXFK PHHWLQJV

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