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Annual Report 2014 | S P SETIA BERHAD GROUP | 169

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

22. SHARE CAPITAL

Group/Company

2014

2013

Number

Number

of shares

Amount

of shares

Amount

’000

RM’000

’000

RM’000

Authorised:

Ordinary shares of RM0.75 each

3,000,000 2,250,000

3,000,000 2,250,000

Issued and fully paid:

Ordinary shares of RM0.75 each

At beginning of the year

2,458,713 1,844,034

2,005,668 1,504,250

Issuance of shares:

- arising from Placement

-

-

320,700

240,525

- exercise of Warrants

-

-

132,345

99,259

- Dividend Reinvestment Plan (“DRP”)

66,244

49,683

-

-

- exercise of ESGP

4,064

3,048

-

-

- exercise of ESOS

9,311

6,983

-

-

At end of the year

2,538,332 1,903,748

2,458,713 1,844,034

During the financial year, the issued and paid-up ordinary share capital of the Company was increased from RM1,844,034,189 to

RM1,903,748,516 by way of:

(a) Issuance of 66,244,270 new ordinary shares of RM0.75 each pursuant to the DRP that provides shareholders with an option to

reinvest their cash dividend in new ordinary shares at the following issue prices:

1

st

DRP

2

nd

DRP

Issue price

(RM)

2.59

3.15

No. of shares issued (‘000)

58,716

7,528

(b) Allotment of 4,063,556 new ordinary shares of RM0.75 each pursuant to the exercise of ESGP; and

(c) Issuance of 9,311,276 new ordinary shares of RM0.75 each pursuant to the exercise of ESOS at the following option prices:

ESOS 1

ESOS 2

Exercise price

(RM)

3.07

3.03

No. of shares issued (‘000)

9,099

212

All ordinary shares rank pari passu in all respect with the then existing ordinary shares of the Company.

The Long Term Incentive Plan (“LTIP” or “Scheme”) was implemented on 10 April 2013. The LTIP, which comprises the ESGP and

ESOS allows the Company to grant shares and/or share options under the ESGP and ESOS respectively to eligible employees and

Executive Directors of the Group of up to 15% of the issued and paid-up share capital of the Company. The LTIP is governed by the

By-Laws which was approved by the shareholders on 28 February 2013 and is administered by the LTIP Committee which is appointed

by the Board, in accordance with the By-Laws. The LTIP shall be in force for a period of 5 years from its implementation to 9 April 2018,

unless extended further.