1. RENOUNCEABLE RIGHTS ISSUE OF REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES (“RCUIDS”) On 12 July 2021, the Company announced that it proposed to undertake a Renounceable Rights Issue of RCUIDS of up to RM1,024,058,370 in nominal value of a seven-year RCUIDS of RM0.75 on the basis of two RCUIDS with one free detachable warrant (“Warrant”) for every six ordinary shares in the Company (“Rights Issue”). The above proposal was approved by the shareholders of the Company at an Extraordinary General Meeting held on 11 November 2021. Based on the nominal value of the RCUIDS at RM0.75 each, the Rights Issue resulted in the issuance of 1,299,350,959 RCUIDS together with 649,675,479 Warrants. On 31 December 2021, the Company announced that the Rights Issue had been completed following the listing and quotation of 1,299,350,959 RCUIDS with a nominal value of RM974,513,219.25 and 649,675,479 Warrants on the Main Market of Bursa Malaysia. As of 31 March 2022, the Company had utilised approximately RM537.4 million of the total gross proceeds of RM974.5 million, as detailed in the following table: Proposed utilisation of proceeds Proposed Utilisation RM’000 Actual Utilisation RM’000 Balance RM’000 Expected timeframe for utilisation (from the date of listing of Placement Shares) Fuel hedging settlement 226.7 114.3 112.4 5 months Aircraft lease and maintenance payments 202.8 202.8 0 Fully utilised AirAsia Digital Sdn. Bhd. business units 73.7 60.0 13.7 Within 12 months General working capital expenses 451.0 140.0 311.0 Within 12 months Estimated expenses for the Rights Issue 20.3 20.3 0 Fully utilised Total# 974.5 537.4 437.1 Notes: # The Company will allocate the utilisation of proceeds in the same weightage as set out in the announcement on the proposed utilisation. 2. MATERIAL CONTRACTS INVOLVING DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS There were no material contracts entered into by Capital A and its subsidiaries involving directors’ and major shareholders’ interests still subsisting at the end of the Financial Year. 3. AUDIT AND NON-AUDIT FEES The audit and non-audit fees of Capital A and its Group (as below) are also disclosed in the Audited Financial Statements set out under Note 6 to the Financial Statements on page 245 of this Annual Report:- Audit Fees Company RM’000 Group RM’000 Audit fees paid to the External Auditors for the Financial Year RM200 RM2,556 Non-Audit Fees Company RM’000 Group RM’000 Non-audit fees paid to the External Auditors for the Financial Year in connection with advisory related work NIL RM75 1 8 6 C A P I T A L A B E R H A D Additional Compliance Information (cont’d.)
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