WCT-Page 30 to ProxyForm (2.4MB).pdf - Announcements - Bursa ...

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WCT Berhad (66538-K)
annual report 2011
OTHER
DISCLOSURES
The following disclosures in respect of the financial year ended 31 December 2011 are provided for shareholders’ information
and in accordance with the requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”):-
1. Utilisation of Proceeds raised from the Issuance of Bonds with Warrants 2011/2016
Total Proceeds Received RM601,401,943.00
Less: Utilisation as at 30 March 2012
1. Repayment of Company’s Borrowings RM350,000,000.00
2. Working Capital RM249,381,652.00
3. Expenses relating to the Proposals RM 2,020,291.00
2. Share Buy-back
Balance : RM Nil
The Company did not undertake any share buy-back during the financial year and does not hold any treasury shares.
3. Exercise of Options, Warrants and Irredeemable Convertible Preference Shares
During the financial year ended 31 December 2011, the following quantum were exercised or converted into ordinary
shares:-
(i) 1,785,525 ordinary shares of RM0.50 each were issued arising from the conversion of 8,927,627 Irredeemable
Convertible Preference Shares of RM0.10 each;
(ii) 22,374 ordinary shares of RM0.50 each were issued arising from the exercise of 22,374 Warrants 2008/2013;
(ii) 723,432 ordinary shares of RM0.50 each were issued arising from the exercise of 723,432 Warrants 2011/2016;
(iii) 15,734,960 ordinary shares of RM0.50 each were issued arising from the exercise of 15,734,960 options granted
to employees pursuant to the Employees Share Options Scheme.
4. Options Granted to and Exercised by Non-Executive Directors
No new options were granted to the Non-Executive Directors in 2011. The table below sets out the outstanding
options of the Non-Executive Directors as at 31 December 2011:-
Name of Director
Options over Ordinary Shares of RM0.50 each
Balance
as at
1.1.2011
Number
of Options
Exercised
Balance
as at
31.12.2011
Dato’ Capt. Ahmad Sufian @ Qurnain bin Abdul Rashid 101,332 51,000 50,332
Cheah Hon Kuen 50,666 26,000 24,666
Choo Tak Woh 52,332 26,000 26,332