Listing fees for shares

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​7.

​M Berhad is an existing listed issuer on the Main Market of Bursa Securities with an issued and paid-up capital of RM100,000,000 comprising of 100,000,000 shares of RM1.00 each. M Berhad proposes to undertake a Share Issuance Scheme of up to 15% of its issued and paid-up capital, at an exercise price of RM10. How much is the additional listing fees payable by M Berhad for the listing of the shares issued pursuant to the Share Issuance Scheme?

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Based on its existing issued and paid-up capital, M Berhad may issue up to 15,000,000 shares under the Share Issuance Scheme and the options may be exercised over a period of time.

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Under paragraph 2.2 of the Fees and Charges, the additional listing fees payable by M Berhad is 0.01% of the total market value of the additional shares listed, subject to a minimum fee of RM10,000 and a maximum fee of RM100,000.

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This means that at the first listing of the shares under the Share Issuance Scheme, M Berhad must pay a minimum additional listing fee of RM10,000. Based on this amount, the number of shares under the Share Issuance Scheme that M Berhad can issue at the first instance is 10,000,000 shares. The calculation is as follows, assuming that the issue price for the shares under the Share Issuance Scheme is RM10:

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​Minimum additional listing fee payable i.e. 0.01% of the total market value of the additional shares listed

=

RM10,000

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0.01% x (RM10 x number of shares under the Share Issuance Scheme)

=​

​RM10,000

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​(RM10 x number of shares under the Share Issuance Scheme)

=​
=

RM10,000/0.01 x 100
RM100,000,000

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​Therefore, number of shares under the Share Issuance Scheme

=​
=

​RM100,000,000/RM10
10,000,000 shares

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​Therefore, based on the first additional listing fee of RM10,000 paid by M Berhad, the company can issue up to 10,000,000 shares under the Share Issuance Scheme.

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However, for the issuance of the remaining balance of 5,000,000 shares under the Share Issuance Scheme, M Berhad would be required to pay a further additional listing fee as follows:

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0.01% x (RM10 x 5,000,000) = RM5,000. However, under paragraph 2.2 of the Fees and Charges, the minimum fee payable is RM10,000. As such, M Berhad will be required to pay a further RM10,000 in relation to the issuance of the remaining 5,000,000 shares under the Share Issuance Scheme.