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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
1.
Share Buy-back
At the Eleventh Annual General Meeting held on 25 June 2015, the shareholders of the Company granted authority to
the Company to purchase its own shares provided that the aggregate number of shares purchased shall not exceed
10% of the total issued and paid-up share capital of the Company at the time of purchase.
The monthly breakdown of the shares purchased by the Company and retained as treasury shares during the financial
year are set about below:
Month
No. of Shares
Nominal Value
Per Share (RM)
Total
Consideration
(RM)
Purchase Price Per Share (RM)
Highest
Lowest
Average
March 2015
100,000
0.10
17,628
0.175
0.175
0.175
August 2015
100,000
0.10
16,123
0.160
0.160
0.160
As at 31 December 2015, the Company held 5,066,600 repurchased or treasury shares out of its total issued and paid-
up share capital of 1,053,435,130 ordinary shares of RM0.10 each. Such treasury shares were held at a carrying amount
of RM598,746. There was no resale or cancellation of treasury shares during the financial year.
2.
Options, Warrants or Convertible Securities
On 9 March 2015, the completion of the 42,026,970 warrants conversion enlarged our share capital to RM105,343,513.
The Company has not issued any options, warrants or convertible securities during the financial year.
3.
Depository Receipt
During the financial year, the Company did not sponsor any Depository Receipt.
4.
Sanction and/or Penalties
There were no sanctions and/or penalties imposed on the Company and its subsidiaries, directors or management by
the relevant regulatory bodies during the financial year.
5.
Non-Audit Fees
During the financial year, the non-audit fees paid by the Company to our external auditors, or a firm or company
affiliated to the external auditors for the financial year ended 31 December 2015 amounted to RM5,000.
6.
Variation in Results
There was no material variation between the interim financial reports previously announced on the 4th Quarter results
and the audited financial results for the financial year ended 31 December 2015.
7.
Profit Guarantee
During the financial year, there was no profit guarantee issued or received by the Company.
8.
Material Contract
There was no material contracts entered into by the Company and its subsidiaries involving the interest of the Directors
and/or major shareholders of the Company, either still subsisting at the end of the financial year, or which were entered
into since the end of the previous financial year.
ADDITIONAL
DISCLOSURE