KENANGA ANNUAL REPORT 2021

243 How We Are Governed Financial Statements Shareholders’ Information Additional Information 27. SHARE CAPITAL Group and Bank Number of Ordinary Shares Amount 2021 ‘000 2020 ‘000 2021 RM’000 2020 RM’000 Issued and fully paid: Ordinary shares At 1 January 722,741 722,741 246,249 246,249 Issuance of shares pursuant to ESS exercise 13,021 - 7,585 - At 31 December 735,762 722,741 253,834 246,249 Treasury shares Group and Bank Number of Ordinary Shares Amount 2021 ‘000 2020 ‘000 2021 RM’000 2020 RM’000 At 1 January 14,807 24,054 10,458 16,990 Share buy back 11,933 - 14,923 - Transfer to staff pursuant to ESS exercise (16,264) (9,247) (12,317) (6,532) At 31 December 10,476 14,807 13,064 10,458 The shareholders of the Bank, via an ordinary resolution passed at the Annual General Meeting held on 11 June 2020, had approved its plan to purchase its own shares up to 10% of existing total issued and paid-up share capital. During the financial year, the Bank bought back 11,933,200 ordinary shares at an average price of RM1.2505 (2020: nil) from the open market. The share buy-back transactions were financed by internally generated funds. As at 31 December 2021, the total number of shares held as treasury shares in accordance with the provisions of Section 127 of the Companies Act, 2016 was 10,476,200. Accordingly the adjusted issued and paid-up share capital of the Company (excluding 10,476,200 treasury shares) as at 31 December 2021 was RM240,769,575 (2020: RM235,790,270) comprising 725,286,399 (2020: 707,934,599) shares.

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