Interim Report 2015/2016
NOTES TO CONDENSED ACCOUNTS
33
12 Share capital
As at 31 December 2015
As at 30 June 2015
Number of
shares
Number of
shares
(million)
HK$m
(million)
HK$m
Issued and fully paid:
At beginning of the period
8,996.9
66,711.6
8,664.0
63,761.3
Issue of new shares as scrip dividend
(Note a)
269.9
1,988.0
316.8
2,802.0
Issue of new shares upon exercise
of share options
0.1
0.9
16.1
148.3
At end of the period
9,266.9
68,700.5
8,996.9
66,711.6
Notes:
a.
Issue of new shares as scrip dividend
During the period, 269,941,032 new shares were issued at HK$7.3644 per share for the settlement of 2015 final scrip dividend.
b.
Share option scheme
A share option scheme was adopted by the Company on 24 November 2006 (the “Scheme”) which will be valid and effective for a
period of ten years from the date of adoption.
On 13 March 2012, certain rules of the Scheme was amended. Under the Scheme, the Board may, at their discretion, grant options
to any participants (as defined under the Scheme) to subscribe for the shares in the Company. The total number of shares which
may be issued upon exercise of all options to be granted under the Scheme must not in aggregate exceed 10% of the share capital
of the Company in issue as at 24 November 2006, i.e. 366,388,464 shares.
On 19 March 2012, 107,300,000 share options were granted by the Company to directors and certain eligible participants at an initial
exercise price of HK$9.770 per share, subject to adjustments.
On 16 November 2012, 9,400,000 share options were granted by the Company to certain eligible participants at an initial exercise
price of HK$11.996 per share, subject to adjustments.
On 22 January 2014, 30,100,000 share options were granted by the Company to directors and certain eligible participants at an initial
exercise price of HK$10.400 per share, subject to adjustments.
On 27 October 2014, 34,400,000 share options were granted by the Company to certain eligible participants at an initial exercise
price of HK$9.510 per share, subject to adjustments.
On 7 July 2015, 20,100,000 share options were granted by the Company to certain eligible participants at an initial exercise price of
HK$9.976 per share, subject to adjustments.
The number of share options at 31 December 2015 amounted to 165,455,967 and the number of share options lapsed and exercised
for the six months ended 31 December 2015 amounted to 3,091,704 and 95,000 respectively.
