kian joo can factory berhad

DIVIDENDS
The dividends paid by the Company since the date of the last report were as follows:
In respect of the financial year ended 31 December 2001
as shown in the Directors' Report of that financial year:
RM'000
Final dividend of 10%, tax exempt 5,786
In respect of the financial year ended 31 December 2002:
Interim dividend of 10%, tax exempt 5,788
At the forthcoming Annual General Meeting, a final tax exempt dividend in respect of the current financial year
ended 31 December 2002, amounting to RM8,683,100 (5 sen per share) will be proposed for shareholders’
approval. The financial statements for the current financial year do not reflect this proposed dividend. Such dividend,
if approved by the shareholders, will be accounted for in shareholders’ equity as an appropriation of retained profits
in the next financial year ending 31 December 2003.
ISSUE OF SHARES
During the financial year, the Company increased its issued and paid-up share capital from RM57,860,059 to
RM86,831,331 by way of:
(a) Issuance of 55,000 new ordinary shares of RM0.50 each to eligible employees of the Group under the
Employees' Share Option Scheme at RM3.22 per share for cash; and
(b) Bonus issue of 57,887,544 new ordinary shares of RM0.50 each on the basis of one new ordinary share
for every two existing ordinary shares held after (a) above by capitalising RM28,943,772 from the retained
profit of the Company.
All the new ordinary shares issued shall rank pari passu in all respects with existing ordinary shares of the Company.
WARRANT OF THE COMPANY
DIRECTORS’ REPORT (cont’d)
On 16 November 1994, the Company issued RM80,000,000 nominal value of 3% Redeemable Non-Convertible
Bonds 1994/2002 ("Bonds") together with 15,423,429 Detachable Warrants at 100% of the nominal value of
the Bonds at a subscription price of RM6.50 per share.
Each warrant entitled its registered holder the right to subscribe for one new ordinary share not later than 5.00pm
on 22 May 2002.
As at 22 May 2002, 15,379,029 warrants remained unexercised and had therefore lapsed.
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ANNUAL REPORT 2002 • KIAN JOO CAN FACTORY BERHAD (3186-P)