additional
Compliance information
8. SHARES BUY-BACK
Details of the shares purchased during the financial year ended 31 December 2014 are as follows:
Treasury shares
Month
Buy-Back
2014
No. of Shares
Bought-back
Par Value per
share (RM)
Lowest Price paid
for each share
(RM)
Highest Price paid
for each share
(RM)
Average Price per
share (RM)
Total
Consideration
Paid (including
Transaction costs)
(RM)
January
70,000
0.50
1.65
1.67
1.66
116,468.06
February
30,000
0.50
1.88
1.93
1.90
56,896.63
March
192,600
0.50
1.86
1.90
1.89
363,150.57
April
321,400
0.50
1.83
1.92
1.87
601,388.83
May
130,000
0.50
1.91
1.98
1.95
253,382.64
June
869,200
0.50
1.78
1.98
1.89
1,644,588.46
July
397,900
0.50
1.85
1.89
1.87
745,231.25
August
161,900
0.50
1.84
1.87
1.87
302,331.99
September
305,000
0.50
1.76
1.90
1.84
561,008.55
October
50,000
0.50
1.51
1.70
1.63
81,731.01
November
225,900
0.50
1.57
1.63
1.61
363,064.38
December
692,100
0.50
1.21
1.54
1.38
956,674.55
Total
3,446,000
6,045,916.92
The funding of the share buy-back transactions is from internally generated funds. The purchased shares are being held as treasury shares in accordance with Section
67A of the Companies Act, 1965.
A total of 4,276,929 treasury shares of WSC were distributed as special single tier share dividend on 3 April 2015 on the basis of one (1) WCS share for every one hundred
and eighty (180) ordinary shares of RM0.50 each held as at the entitlement date on 16 March 2015.
There was no resale or cancellation of treasury shares during the financial year ended 31 December 2014.
9.
IMPOSITION OF SANCTIONS AND/OR PENALTIES
There were no significant sanctions and/or penalties imposed on WSC Group and its subsidiaries, Directors or Management by the relevant regulatory bodies during the
financial year under review.
10. NON-AUDIT FEES
The amount of non-audit fees paid and payable to the External Auditors i.e. Messrs. PricewaterhouseCoopers Malaysia and its affiliates by WSC Group for the financial
year under review is RM337,000.
41
Wah Seong Corporation Berhad • Annual Report 2014
