25.
SHARE CAPITAL
Group and Company
2015
2014
No. of
shares
No. of
shares
‘000
$’000
‘000
$’000
Issued and fully-paid:
Ordinary shares
At beginning of the year
1,306,122
152,052
1,092,522
137,314
Issue from share placement
–
–
213,600
14,738
At end of the year
1,306,122
152,052
1,306,122
152,052
The holders of ordinary shares (except treasury 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.
Issue from share placement
In October 2014, a total of 213,600,000 new ordinary shares were issued by the Company at
S$0.069 per share to SEAVI Advent Investments Ltd (133,500,000 shares) and Rise Capital Ventures
Ltd (80,100,000 shares). The net proceeds of approximately $14.7 million have not been utilised by
the Company as at date of this report.
26.
TREASURY SHARES
Group and Company
2015
2014
No. of
shares
No. of
shares
‘000
$’000
‘000
$’000
Issued and fully-paid:
Ordinary shares
At beginning of the year
23,268
1,885
23,268
1,885
Acquired during the financial year
529
21
–
–
At end of the year
23,797
1,906
23,268
1,885
Treasury shares relate to ordinary shares of the Company that are held by the Company.
The Company acquired 529,100 (2014: Nil) shares in the Company for a total consideration of
$21,000 (2014: Nil) by way of market acquisition and this is presented as a component within
shareholders’ equity.
103
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
