92
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
24.
Share capital and treasury shares
No. of ordinary shares
Amount
Issued
share
capital
Treasury
shares
Total
Share
capital
Treasury
shares
Total
‘000
‘000
‘000
$’000
$‘000
$‘000
Group and Company
2014
Beginning of
financial year
293,916
(250) 293,666
58,576
(135)
58,441
Shares issued
3,231
–
3,231
1,850
–
1,850
Bonus shares
808
–
808
–
–
–
Issue of new shares
pursuant to rights
issue
59,541
– 59,541
11,800
– 11,800
Award of performance
shares to employees
–
144
144
(6)
78
72
Purchase of
treasury shares
–
(299)
(299)
–
(136)
(136)
End of financial year
357,496
(405) 357,091
72,220
(193)
72,027
2013
Beginning of
financial year
226,025
– 226,025
53,976
– 53,976
Shares issued
10,945
– 10,945
4,600
–
4,600
Bonus shares
56,946
– 56,946
–
–
–
Purchase of
treasury shares
–
(250)
(250)
-
(135)
(135)
End of financial year
293,916
(250)
293,666
58,576
(135)
58,441
All issued ordinary shares are fully paid. There is no par value for these ordinary shares.
Fully paid ordinary shares carry one vote per share and carry a right to dividends as and when
declared by the Company.
On 19 February 2014, the Company issued and allotted 2,200,704 new ordinary shares (as adjusted
to take into account the Bonus Issue shares of 440,140) in the capital of the Company for total
consideration of $1,000,000 as 3rd tranche consideration shares pursuant to acquisition of the
business of Team.
On 9 May 2014, the Company issued and allotted 1,838,235 new ordinary shares (as adjusted to take
into account the Bonus Issue shares of 367,647) in the capital of the Company for total consideration
of $850,000 as 2nd tranche consideration shares pursuant to acquisition of Vac-Tech.
On 17 July 2014, the Company completed its Rights Issue through allotment and issuance
of 59,540,977 new ordinary shares at $0.20 for each rights share for a total consideration of
$11,800,000.
All the newly shares issued during the year rank
pari passu
in all respects with the previously
issued shares.
