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AirAsia X Berhad • Annual Report 2014
The information set out below is disclosed in compliance with the MMLR of Bursa Malaysia:-
1. UTILISATION OF PROCEEDS FROM CORPORATE PROPOSAL
The proceeds raised from the Initial Public Offering (“IPO”) had been partially utilised and the details of the utilisation of proceeds as at 27 April 2015 are as follows:-
Proposed
Utilisation of
IPO proceeds
RM’mil
Utilisation to date
RM’mil
Balance
RM’mil
Repayment of bank borrowings
285.8
(285.8)
-
Capital expenditure
280.0
(196.7)
83.3
Estimated listing expenses
38.0
(38.0)
-
Working capital
136.9
(136.9)
-
Total
740.7
(657.4)
83.3
2.
SHARE BUY-BACK
The Company does not have a scheme to buy-back its own shares during the financial year ended 31 December 2014.
3.
OPTIONS, WARRANTS OR CONVERTIBLE SECURITIES EXERCISED
The Company did not issue any warrants or convertible securities in issues. During the financial year ended 31 December 2014, the ESOS is exercisable but no exercise of ESOS took
place.
4.
DEPOSITORY RECEIPT PROGRAMME
The Company did not sponsor any depository receipt programme during the financial year ended 31 December 2014.
5.
ESOS
The ESOS is the only share scheme of the Company in existence during the financial year ended 31 December 2014 approved by the shareholders on 12 October 2012. The information
of the ESOS is as follows:
During the financial year ended
31 December 2014
Since commencement of the ESOS
on 12 October 2012
Total number of options or shares granted
9,550,000
9,550,000
Total number of options exercised or shares vested
1,725,000
1,725,000
Total options or shares outstanding
6,150,000
6,150,000
Granted to senior management
During the financial year ended
31 December 2014
Since commencement of the ESOS
on 12 October 2012
Aggregate maximum allocation in percentage
100%
100%
Actual percentage granted
96.95%
96.95%
There were no options granted to the Non-Executive Directors pursuant to the ESOS since its commencement on 12 October 2012.
6.
SANCTIONS AND/OR PENALTIES
There were no public sanctions and/or penalties imposed on the Company and its subsidiaries, Directors or Management by the relevant regulatory bodies during the financial year
ended 31 December 2014.
ADDITIONAL COMPLIANCE
INFORMATION
