The information set out below is disclosed in compliance with the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia Securities”):- 1) STATUS OF UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSAL (i) On 29 April 2020, the Company had established a Sukuk Wakalah Programme for the issuance of rated and senior ranking sukuk (“Sukuk Wakalah”) from time to time, with flexibility for the Company to issue secured and/or unsecured Sukuk Wakalah subject to the aggregate outstanding nominal amount of Sukuk Wakalah not exceeding RM1.5 billion at any point in time. During the financial year ended 31 December 2021 (“FY2021”), the Company had issued the remainder of Sukuk Wakalah and the utilisation of the proceeds raised is as follows:- Tranche No. Date of Issuance Amount (RM) Tenure Year Utilisation of Proceeds 5 15 April 2021 133,200,000 5 (i) Repayment of existing financing/borrowings to unencumber the secured properties; and (ii) Defraying fees, costs and expenses in relation to the issuance of the Sukuk Wakalah and Sukuk Wakalah Programme The remaining proceeds after (i) and (ii) above shall be utilised by the Company for the following Shariah compliant purposes :- (a) Capital expenditure and/or investments (including but not limited to the purchase of land(s), building(s), shares, property and/or payment into joint ventures) of the Company and/or its group of companies; (b) Working capital of the Company and/or its group of companies; (c) Refinancing of existing financing/borrowings of the Company or its group of companies; and/or (d) General corporate purpose of the Company and/or its group of companies 5 15 April 2021 49,800,000 7 6 8 June 2021 110,000,000 3 Total 293,000,000 (ii) On 21 June 2019, the Company had established a Perpetual Sukuk Programme for the issuance of senior ranking perpetual sukuk (“Perpetual Sukuk”) from time to time, with flexibility for the Company to issue secured and/or unsecured Perpetual Sukuk subject to the aggregate outstanding nominal amount of the Perpetual Sukuk not exceeding RM2.0 billion at any point in time. During the financial year ended FY2021, the Company had issued the Perpetual Sukuk and the utilisation of the proceeds raised is as follows:- Tranche No. Date of Issuance Amount (RM) Tenure Year Utilisation of Proceeds 2 15 September 2021 270,000,000 5 (a) To refinance existing financing/debt obligations (whether in whole or in part) of the Issuer and/ or its subsidiaries, associated companies and/or jointly controlled entities; and/or (b) To finance working capital requirements, investments, capital expenditure and/or general corporate purposes of the Issuer and/or its subsidiaries, associated companies and/or jointly controlled entities (iii) On 7 October 2021, the Company issued 2,000,000 new ordinary shares at RM0.9231 per share amounted to RM1.85 million via private placement. The private placement was completed on 7 October 2021 and the proceeds had been fully utilised. 2) AUDIT AND NON-AUDIT FEES The amount of audit and non-audit fees paid or payable to the External Auditors and/or affiliates by the Company and the Group for FY2021 are as follows:- Group (RM) Company (RM) Audit Fee 1,401,000 139,000 Non-Audit Fee 71,500 55,500 Total 1,472,500 194,500 3) MATERIAL CONTRACTS INVOLVING DIRECTORS AND MAJOR SHAREHOLDERS There were no material contracts entered into by the Company and its subsidiaries involving Directors and major shareholders’ interests which were still subsisting as at the end of the financial year or which were entered into since the end of the previous financial year. COMPLIANCE INFORMATION ADDITIONAL Annual Report 2021 TROPICANA CORPORATION BERHAD GOVERNANCE 186 187
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