for the year ended 31 December 2016
NOTES TO THE
FINANCIAL STATEMENTS
Baker Technology Limited
-
123
-
21.
Sharecapital
Group andCompany
2016
2015
No. of
shares
$’000
No. of
shares
$’000
Issued and fullypaid:
At 1 January
1,014,390,262
108,788
923,070,444
95,547
Issuance of new ordinary shares from
conversion ofwarrants
–
–
91,319,818
13,241
Before share consolidation
1,014,390,262
108,788
1,014,390,262 108,788
Share consolidation
(1)
(811,512,314)
–
–
–
At 31December
202,877,948
108,788
1,014,390,262
108,788
[1]
At the Extraordinary General Meeting of the Company held on 22 April 2016, shareholders approved the consolidation of
every five (5) existing issued ordinary shares in the share capital of the Company into one (1) consolidated ordinary share
(“Share Consolidation”). Following the completion of the Share Consolidation, which became effective on 31 May 2016,
the number of ordinary shares of the Company as at 31December 2016 was reduced to 202,877,948 ordinary shares, after
disregarding fractional entitlements.
The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All
ordinary shares carry one vote per sharewithout restriction. The ordinary shares have no par value.
