06 FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FINANCIAL STATEMENTS NOTES TO THE DATASONIC GROUP BERHAD 164 19. SHARE CAPITAL 2024 2023 Group/Company Number of Shares Share Capital Number of Shares Share Capital ’000 RM’000 ’000 RM’000 Issued and Fully Paid-Up Ordinary shares At 1 April 2023/2022 2,962,000 261,284 2,962,000 261,284 New shares issued upon exercise of warrant 19 10 - - At 31 March 2024/2023 2,962,019 261,294 2,962,000 261,284 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. During the financial year, the Company issued 19,000 new ordinary shares pursuant to the exercise of warrants 2018/2023 at the exercise price of RM0.545 per share. The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. 20. TREASURY SHARES During the financial year, the Company purchased 36,481,900 (2023 - 32,809,000) of its issued ordinary shares from the open market at an average price of RM0.45 (2023 - RM0.48) per share. The total consideration paid for the purchase was RM16,544,173 (2023 - RM15,835,679) including transaction costs. The ordinary shares purchased are held as treasury shares in accordance with Section 127(6) of the Companies Act 2016 and are presented as a deduction from equity. Of the total 2,962,019,000 (2023 - 2,962,000,000) issued and fully paid-up ordinary shares at the end of the reporting period, 165,931,900 (2023 - 129,450,000) ordinary shares are held as treasury shares by the Company. The treasury shares are held at a carrying amount of RM78,811,266 (2023 - RM62,267,093). 21. MERGER DEFICIT The merger deficit of RM11,072,000 (2023 - RM11,072,000) resulted from the difference between the carrying value of the investments in subsidiaries and the nominal value of the shares of the Company’s subsidiaries upon consolidation under the merger accounting principle. 22. FAIR VALUE RESERVE The fair value reserve of RM240,000 (2023 - RM Nil) represents change in fair value for other investment in club membership.
RkJQdWJsaXNoZXIy NDgzMzc=