NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
112
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
21.
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 financial year
463,364
62,215
463,364
62,215
Add: Issue of new shares
183,178
12,675
–
–
Less: Share issuance expense
–
(59)
–
–
At end of financial year
646,542
74,831
463,364
62,215
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.
On 27 February 2015, the Company proposed to undertake a renounceable non-underwritten rights issue
of up to 183,178,654 new ordinary shares at an issue price of S$0.07 for each rights share, on the basis
of two right shares for every five existing ordinary shares. The rights issue was completed on 21 April 2015
and has raised $12.6 million after offsetting related expenses.
22.
TREASURY SHARES
Group and Company
2015
2014
No. of shares
No. of shares
’000
$’000
’000
$’000
At 1 June
(5,417)
(848)
(5,417)
(848)
Acquired during the financial year
–
–
–
–
At 31 May
(5,417)
(848)
(5,417)
(848)
Treasury shares relate to ordinary shares of the Company that is held by the Company.
