annual report - Tenaga Nasional Berhad

Notes To The Financial Statements34 SHARE CAPITAL (CONT’D.)Special Rights Redeemable Preference Share (‘Special Share’) (Cont’d.)(b) Certain matters, in particular the alteration of the Articles of Association of the Company relating to the rights ofthe Special Shareholder, creation and issue of additional shares which carry different voting rights, the dissolution ofthe Company, substantial disposal of assets, amalgamations, merger and takeover, require the prior consent of theSpecial Shareholder.(c)(d)The Special Shareholder does not have any right to participate in the capital or profits of the Company.The Special Shareholder has the right to require the Company to redeem the Special Share, at par, at any time.Class A and Class B Redeemable Preference Shares (‘RPS’)The main features of the Company’s Class A and Class B RPS are as follows:(a)(b)(c)The RPS do not carry any right to participate in the assets and surplus profit of the Company.The RPS holders have no voting rights except on resolution to amend the RPS holders’ rights.These RPS are not convertible into ordinary shares.(d) The Company has the right to redeem all Class A and Class B RPS on or after 16 August 2010 and 19 September 2010respectively at RM1,000 each.As described in Note 28(c) to these financial statements, these RPS form part of the Company’s Fixed Income Securities.35 SHARE PREMIUMgroup and Company2008 2007RM’million RM’million[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]246As at the beginning of the financial year 5,242.0 3,912.9Arising in respect of ordinary shares issued during the financial year 16.8 1,329.1As at the end of the financial year 5,258.8 5,242.0