109
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
29.
SHARE CAPITAL AND TREASURY SHARES
(a)
Share capital
Group and Company
2015
2014
No. of shares
No. of shares
’000
$’000
’000
$’000
Issued and fully paid:
Ordinary shares
At 1 July
267,525
96,657
232,687
53,548
Issuance of shares as consideration
for acquisition of associate
(Note 11)
–
–
8,000
10,000
Issuance of shares pursuant to
private placement
–
–
26,838
33,548
Share issuance expense
–
–
–
(439)
At 30 June
267,525
96,657
267,525
96,657
The holders of ordinary shares are entitled to receive dividends as and when declared by the Company.
All ordinary shares carry one vote per share without restrictions. The ordinary shares have no par value.
(b)
Treasury shares
Group and Company
2015
2014
No. of shares
No. of shares
’000
$’000
’000
$’000
At 1 July
(3,422)
(3,898)
(200)
(103)
Acquired during the financial year
(4,806)
(6,003)
(3,222)
(3,795)
At 30 June
(8,228)
(9,901)
(3,422)
(3,898)
Treasury shares relate to ordinary shares of the Company which are held by the Company.
The Company acquired 4,806,000 (2014: 3,222,000) shares in the Company through purchase of its own
shares during the financial year. The total amount paid to acquire the shares was $6,003,000 (2014:
$3,795,000) and this was presented as a component within equity.
30.
OTHER RESERVES
Capital reserve
Capital reserve represents the value of equity-settled share options previously granted by Life Corporation
Limited to the Group’s employees, prior to the distribution in specie of all of the issued share capital of Cordlife
Group Limited to Life Corporation Limited’s shareholders on 30 June 2011. Subsequent to the distribution,
Cordlife Group Limited ceased to be a subsidiary of Life Corporation Limited.
The reserve is made up of the cumulative value of services received from employees recorded on grant of
equity-settled share options.
