126
Baker Technology LimitedAnnual Report 2014
23.
Share capital
Group andCompany
2014
2013
No. of
shares
$
No. of
shares
$
Issued and fullypaid :
At 1 January
872,140,844 86,850,625
736,806,714
50,316,870
Issuanceof newordinary shares
from conversionof warrants
50,929,600
8,696,056
135,334,130
36,533,755
At 31December
923,070,444 95,546,681
872,140,844
86,850,625
Theholdersof ordinary shares areentitled to receivedividends as andwhendeclaredby theCompany. All
ordinary shares carryone voteper sharewithout restriction. Theordinary shares havenopar value.
As at 31December, theCompany has the followingoutstandingwarrants:
No. of warrants
Expiry date Exerciseprice
2014
2013
2012Warrants
5 June 2015
$0.145
93,777,222
144,706,822
In June 2012, the Company completed its renounceable non-underwritten rights issue of 280,117,952
warrants at an issue price of $0.01 for each warrant (”2012Warrants”). Each warrant carries the rights to
subscribe for 1newordinary share in thecapital of theCompanyat anexercisepriceof $0.270 for eachnew
share. Thewarrantswere issuedon thebasisof 2warrants for every 5existingordinary shares in the capital
of theCompany heldby entitled shareholders as at book closuredate.
At theCompany’sAGMheldon 25April 2013, the shareholders approved a first and final tax exempt (one-
tier)dividendof$0.015perordinaryshareandaspecial taxexempt (one-tier)dividendof$0.085perordinary
share for the year ended 31December 2012. As the special dividendwas distributedout of reserveswhich
were attributable toprofits or gains arising from thedisposal of investments by theCompany, theexercise
price of the 2012Warrants of $0.270 per share was adjusted to $0.185 per share on 13May 2013, so as to
reflect the lower intrinsic valueof theCompany’s share after the special dividend.
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31December 2014
