cont'd - KNM Steel Sdn Bhd

KNM GROUP BERHAD I Annual Report 201229Corporate Governance Statement (cont’d)ADDITIONAL COMPLIANCE INFORMATIONThe following additional information is provided in compliance with the Listing Requirements:-1. Approved Utilisation of Proceeds Raised from Corporate Proposal announced to Bursa(i)(ii)On 21 October 2010, KNM had obtained the necessary approval from the Securities Commission for theissuance of up to RM1,500 million (in aggregate nominal value) in Islamic Commercial Papers/IslamicMedium-Term Notes under the Islamic Commercial Papers/Islamic Medium-Term Notes (“ICP/IMTN”)Programme based on the Islamic principle of Musyarakah to be established by KNM. The approvalto extend the proposed implementation of the ICP/IMTN Programme as granted by the SecuritiesCommission until 20 April 2013 has lapsed (the “Approval”). No commercial papers or medium termnotes were issued by the Company pursuant to the said Approval.On 20 November 2012, KNM had completed its Rights Issue exercise involving the issuance of488,920,659 new ordinary shares of RM1.00 each in KNM (“KNM Shares”) (“Rights Shares”) on thebasis of one (1) Rights Share for every two (2) existing KNM Shares held together with up to 488,920,659free detachable warrants (“Warrants”) on the basis of one (1) Warrant for every one (1) Rights Sharesubscribed for. The proceeds raised and the utilisation thereof are as set out below:-PurposeUtilisationRM’000Repayment of bank borrowings 154,764Defray expenses relating to the exercise 7,201Working capital 33,604Total 195,5692. Share Buy-BacksThe Company had purchased 20,000 of its own shares during the financial year ended 31 December 2012,all of which were held as treasury shares and maintained by the Company. Details are as follows:-TotalLowest Highest considerationNo. of price paid price paid Average paid (includingshares Par value for each for each price per transactionbought per share share share share costs)Month back (RM) (RM) (RM) (RM) (RM)January – – – – – –February 10,000 1.00 0.95 0.95 0.957 9,569.85March – – – – – –April – – – – – –May – – – – – –June – – – – – –July – – – – – –August – – – – – –September – – – – – –October – – – – – –November 10,000 1.00 0.48 0.48 0.485 4,846.44December – – – – – –Total 20,000 0.721 14,416.29