The television and video production company said it plans to allot 347 . 5 million new ordinary shares in a capitalization issue that will result in 17 . 4 million pounds ( $ 27 million ) of its share premium account being capitalized.
12.
The bonus issue will be effected by capitalising the whole amount outstanding in the audited share premium account and about RM89 million from the audited retained proft account of the bank which stood at about RM1.05 billion and RM538 million respectively as at June 30 1997.
13.
The listing proposals include the bonus issue of 17.27 million new ordinary shares of RM1 each in AKN on the basis of six new shares for every one share held by capitalising RM11.58 million from its retained earnings and RM5.69 million from its share premium account.
14.
The bonus issue is to be effected by the capitalisation of RM39 . 56 million from the company's share premium account as at December 31 1996, followed by a bonus issue of one-for-one of up to 39 . 56 million shares of RM1 . 00 each.
15.
The bonus issue will be effected by capitalising the whole amount outstanding in the audited share premium account and about RM89 million from the audited retained proft account of the bank which stood at about RM1 . 05 billion and RM538 million respectively as at June 30 1997.
16.
"As the proposed bonus issue represents a capitalisation of the bank's share premium account and retained profits account, it does not have any effect on the earnings of the bank and the group, except the earnings per share will be correspondingly diluted as a result of the enlarged share capital,"
17.
The listing proposals include the bonus issue of 17 . 27 million new ordinary shares of RM1 each in AKN on the basis of six new shares for every one share held by capitalising RM11 . 58 million from its retained earnings and RM5 . 69 million from its share premium account.
18.
The group has proposed that the rights issue shares be payable in two calls, with the first call of 70 sen per share payable in cash on application and the second call for the balance of 30 sen per share payable out of its share premium account after the issue of the rights issue.
19.
Owned funds stand for paid up equity capital, preference shares which are compulsorily convertible into equity, free reserves, balance in share premium account and capital reserves representing surplus arising out of sale proceeds of asset, excluding reserves created by revaluation of asset, as reduced by accumulated loss balance, book value of intangible assets and deferred revenue expenditure, if any.
