Dagang NeXchange Berhad Annual Report 2019

FINANCIAL STATEMENTS annual report 2019 101 ISSUE OF SHARES AND DEBENTURES During the financial year, the Company increased its issued and paid-up capital from RM354,322,647 to RM354,339,587 by way of issuance of 55,000 new ordinary shares from the exercise of options under the Company’s ESOS at the exercise prices as disclosed in Note 16 to the financial statements which amounted to RM16,940. The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. There were no other changes in the issued and paid-up capital of the Company during the financial year. There were no debentures issued during the financial year. OPTIONS GRANTED OVER UNISSUED SHARES No options were granted to any person to take up unissued shares of the Company during the financial year. EMPLOYEE SHARE OPTION SCHEME The Employee Share Option Scheme of the Company (“ESOS”) is governed by the ESOS By-Laws and was approved by shareholders on 27 January 2016. The ESOS is to be in force for a period of five (5) years effective from 25 August 2016. The details of the ESOS are disclosed in Note 16 to the financial statements. WARRANTS 2016/2021 The Warrants were constituted by the Deed Poll dated 27 January 2016 (“Deed Poll”). On 1 August 2016, a total of 711,396,809 Warrants were issued by the Company. The details of the Warrants are disclosed in Note 16 to the financial statements.