BIMB Integrated Annual Report 2017

24. SHARE CAPITAL With the adoption and prospective application of the newly enacted Companies Act 2016, the movement in the number of shares and carrying amount of share capital are as follows: NUMBER OF SHARES AMOUNT GROUP AND COMPANY NOTE (’000) RM’000 Issued and fully paid: Ordinary shares at 1 January 2016 1,542,210 1,542,210 Issues of shares under conversion of warrants 1 1 Issuance of shares pursuant to Dividend Reinvestment Plan 46,469 46,469 Ordinary shares at 31 December 2016/1 January 2017 1,588,680 1,588,680 Issue of shares pursuant to Dividend Reinvestment Plan 24(a) 49,061 183,979 Transfer of share premium to share capital pursuant to Section 618(2) of Companies Act 2016 25.1 – 2,102,611 At 31 December 2017 1,637,741 3,875,270 (a) Ordinary shares On 31 January 2017, the Company increased its issued and paid-up share capital from RM1,588,680,014 to RM1,637,741,014 via the issuance of 49,061,000 new ordinary shares at a consideration of RM3.75 each arising from the Dividend Reinvestment Plan. (b) Warrants On 11 December 2013, the Company issued 426,715,958 new ordinary shares of RM1.00 each together with 426,715,958 free detachable warrants at an issue price of RM4.25 per rights share on the basis of two (2) rights share together with two (2) warrants for every five (5) existing shares. The warrants will expire at the end of ten years from the date of issuance. No warrants were converted during the financial year ended 31 December 2017 (2016: 800). As at 31 December 2017, 426,715,078 (2016: 426,715,078) warrants remained unexercised. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 225 Overview Value Creation Accountability Financial Statements Sustainability Performance Data Shareholders Information 21 st AGM Information Management Discussion & Analysis