Annual Report 2015
FINANCIAL SECTION
181
36 SHARE CAPITAL
2015
2014
Number of
shares
Number of
shares
(million)
HK$m
(million)
HK$m
Issued and fully paid:
At beginning of the year
8,664.0
63,761.3
6,311.6
6,311.6
Issue of new shares as scrip dividends
(note (a))
316.8
2,802.0
204.2
694.7
Issue of new shares upon exercise of
share options
16.1
148.3
0.4
0.4
Transition to no par value regime
on 3 March 2014 (note (b))
–
–
–
43,639.0
Issue of rights shares (note (c))
–
–
2,147.8
13,115.6
At end of the year
8,996.9
66,711.6
8,664.0
63,761.3
Notes:
(a) During the year ended 30 June 2015, 228,402,355 and 88,364,122 new shares were issued by the Company at HK$8.7210
and HK$9.1675 per share respectively for the settlement of 2014 final scrip dividends and 2015 interim scrip dividends.
During the year ended 30 June 2014, 131,422,824 and 72,806,431 new shares were issued by the Company at HK$9.9446
and HK$7.7368 per share respectively for the settlement of 2013 final scrip dividends and 2014 interim scrip dividends.
(b) In accordance with the transitional provisions set out in section 37 of Schedule 11 to Hong Kong Companies Ordinance (Cap.
622), on 3 March 2014, any amount standing to the credit of the share premium account and the capital redemption reserve
have become part of the Company’s share capital.
(c) During the year ended 30 June 2014, 2,147,800,806 new shares were issued and allotted under the rights issue at the
subscription price of HK$6.20 each on the basis of one rights share for every three shares held by the shareholders on 31
March 2014.
