Registration No. 200301030845 (633265-K) - 112 - 24. Redeemable Preference Shares 2026 2025 2026 2025 Units Units RM RM Issued and fully paid: At 1 July - 250,000 - 1,571,496 Redemption during the year - (250,000) - (1,571,496) At 30 June - - - - Group Number of shares Amount In the previous financial year, the 250,000 redeemable preference shares (RM1,571,496) issued by a former subsidiary, Destini Marine Safety Solutions Ltd, were fully redeemed and the subsidiary was subsequently dissolved. Accordingly, no redeemable preference shares were outstanding as at 30 June 2025. Prior to redemption, the key terms of the RPS were as follows: (i) The preference shares shall confer a right to a fixed non-cumulative preferential dividend at the fixed rate of GBP0.01 per annum. The preferential dividend shall rank for payment in priority to the payment of a dividend on any other shares of the subsidiary. (ii) The preference shares shall not confer the right to any further or other participation in the profit of the subsidiary. (iii) The preference shares will be redeemed at GBP1.00 each on a date to be determined later but not later than thirty-six (36) months from the date of issuance. (iv) The preference shares shall rank in priority in any distribution of assets in the event of liquidation, dissolution or winding-up of the subsidiary. DESTINI BERHAD 225 ANNUAL REPORT 2026
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