CAHYA MATA SARAWAK ANNUAL REPORT 2016

169 Cahya Mata Sarawak Berhad A N N U A L R E P O R T 2 0 1 6 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 33. SHARE CAPITAL AND TREASURY SHARES (CONT'D.) Number of Non-Convertible Redeemable Preference Shares Amount Authorised Par value RM RM Group/Company At 31 December 2015 and 31 December 2016 800 0.50 400 (a) Share capital The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All ordinary shares carry one vote per share without restrictions and rank equally with regard to the Company’s residual assets. The Group’s employees’ share option scheme expired on 22 June 2015. (b) Non-convertible redeemable preferences shares Non-convertible redeemable preferences shares do not have the right to participate in dividends declared to ordinary shareholders nor the rights to vote. 34. SHARE PREMIUM Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 At 1 January 330,716 289,304 330,713 289,301 Arising from ordinary shares issued under ESOS - 41,412 - 41,412 At 31 December 330,716 330,716 330,713 330,713 Share premium comprises the premium paid on subscription of shares in the Company over and above the par value of the shares.