249 / 284
FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
247
43. RELATED PARTY TRANSACTIONS (CONTINUED)
Group
Company
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
(g) Key management compensation short term employee benefits:
- Salaries, allowances and bonus
23,525
18,578
23,525
18,578
- Contribution to EPF
2,383
2,132
2,383
2,132
- Estimated money value of benefits
47
44
47
44
- Other staff benefits
171
285
171
285
Share- based compensation:
- ESOS and RSA expenses
4,708
1,797
4,708
1,797
Included in key management compensation is the Executive Directors’ remuneration of the Company as disclosed in Note 7(d) to the financial
statements.
44. DIVIDENDS
Tax exempt dividend under single tier system
2016
2015
Type
Per ordinary
share of
RM1 each
Total
Type
Per ordinary
share of
RM1 each
Total
Sen
RM’000
Sen
RM’000
In respect of financial year
ended 31 December:
- 2014
-
-
-
Final
3
14
1,205,001
- 2015
1
Final
12
1,058,806
Interim
4
8
696,485
- 2016
2
Interim
5
446,310
-
-
-
17
1,505,116
22
1,901,486
1
Out of the total dividend distribution, a total RM496.9 million was converted into 102.0 million new ordinary shares of the Company at a
conversion price of RM4.87 per ordinary share pursuant to DRS of the Company.
2
Out of the total dividend distribution, a total RM217.7 million was converted into 44.9 million new ordinary shares of the Company at a
conversion price of RM4.85 per ordinary share pursuant to DRS of the Company.
3
Out of the total dividend distribution, a total RM575.4 million was converted into 94.6 million new ordinary shares of the Company at a
conversion price of RM6.08 per ordinary share pursuant to DRS of the Company.
4
Out of the total dividend distribution, a total RM603.9 million was converted into 108.8 million new ordinary shares of the Company at a
conversion price of RM5.55 per ordinary share pursuant to DRS of the Company.
The Board of Directors has recommended a final tax exempt dividend under the single tier system of 3 sen per ordinary share of RM1 each of the
Company in respect of financial year ended 31 December 2016 amounting to a total of RM269.1 million, based on the issued and paid-up capital of
the Company as at 31 December 2016. The proposed dividend is subject to approval by the shareholders at the forthcoming AGM.
The Board of Directors also determined that the Company’s DRS will apply to the Proposed Final Dividend. This will be subject to the approval of
shareholders at the forthcoming AGM for the renewal of the authority for the Directors of the Company to allot and issue the new ordinary shares
pursuant to the DRS and the approval of Bursa Securities Berhad.