Page 165 - S P Setia Annual Report 2016

 

 

 

 

 

Page 165 - S P Setia Annual Report 2016
P. 165

S P Setia Berhad Group                                                                                163
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          19.   SHARE CAPITAL

                                                                                  Group/Company
                                                                         2016                        2015
                                                                 Number of                   Number of
                                                                     shares      Amount          shares       Amount
                                                                      ’000        RM’000          ’000        RM’000

               Authorised:
               Ordinary shares of RM0.75 each

               At beginning of the year/period                   3,000,000      2,250,000     3,000,000     2,250,000
               Created during the year/period                       500,00       375,000             -             -
               At end of the year/period                         3,500,000      2,625,000     3,000,000     2,250,000

               Issued and fully paid:
               Ordinary shares of RM0.75 each
               At beginning of the year/period                    2,628,356     1,971,266     2,538,332      1,903,748
               Issuance of shares:
               -  DRP                                              214,332       160,749         75,812        56,859
               -  exercise of ESGP                                   9,129         6,848          6,832         5,124
               -  exercise of ESOS                                   1,703          1,277         7,380         5,535
               At end of the year/period                          2,853,520     2,140,140     2,628,356      1,971,266

              During the financial year, the issued and paid-up ordinary share capital of the Company was increased from RM1,971,266,510 to
              RM2,140,139,936 by way of:

              (a)   Issuance of 214,332,180 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:


                                                                                                               th
                                                                                                5  DRP        6  DRP
                                                                                                 th
                   Issue price                          (RM)                                       2.65          3.11
                   No. of shares issued                (‘000)                                   179,965        34,367

              (b)   Allotment of 9,129,207 new ordinary shares of RM0.75 each pursuant to the vesting of ESGP; and

              (c)   Issuance of 1,703,180 new ordinary shares of RM0.75 each pursuant to the exercise of ESOS at the following option prices:


                                                                    ESOS 1        ESOS 2        ESOS 3        ESOS 4
                   Exercise price                       (RM)          3.07          3.03           3.02          2.72

                   No. of shares issued                (‘000)          586           133           413           571

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