Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 134 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 20. FIXED DEPOSITS WITH LICENSED BANKS Fixed deposits with licensed banks of the Group at the end of the reporting period bore effective interest rates ranging from 0.10% to 2.50% (2021: 0.10% to 1.85%) per annum. The fixed deposits of the Group have maturity periods ranging from 90 to 365 days (2021: 90 to 365 days). The fixed deposits of the Group amounting to RM509,269 (2021: RM478,265) are pledged to licensed banks as security for bank guarantee facility granted to the Group. 21. SHARE CAPITAL The Group/The Company 2022 2021 2022 2021 Number of Shares RM RM Issued and fully paid-up At 1 January 1,580,152,675 1,053,435,130 118,441,045 118,925,352 Issuance of new shares, pursuant of bonus issue (b)(i) - 526,717,545 - - Share issuance expenses (b)(ii) - - - (484,307) At 31 December 1,580,152,675 1,580,152,675 118,441,045 118,441,045 (a) The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared by the Company and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. (b) In the previous financial year, the Company increased its issued and fully paid-up number of ordinary shares from 1,053,435,130 to 1,580,152,675 by way of: (i) Issuance of 526,717,545 bonus shares at no consideration together with 524,137,195 free detachable warrants on the basis of 1 bonus share together with 1 warrant for every 2 existing ordinary shares held on 28 April 2021. (ii) An amount of RM484,307 was utilised out of share capital for corporate exercise expenses. The new ordinary shares issued rank equally in all respects with the existing ordinary shares of the Company.
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