1999 Annual Report - Altium

Protel International Limited
and Controlled Entities
29. Subsequent events
Notes to the Financial Statements
Schedule 4/21
On 1st July 1999 the company's prospectus to issue ordinary shares to the public was approved by the Australian
Securities and Investment Commission. The company undertook a public offer of shares from 5th July through to
23rd July under this prospectus. In late July the company received permission to list its shares on the Australian Stock
Exchange (ASX). On 4th August, shares in Protel International Limited were first quoted on the ASX under the ticker
symbol PRI. New shares issued raised $30,000,000 for the company to assist its growth and acquisition program and
to expand working capital.
Two convertible notes issued as consideration during technology acquisitions in September 1998 and April 1999, and
listed as current liabilities in the financial statements were converted to ordinary shares in the company and
subsequently listed on the ASX.
30. Earnings per Share
Consolidated Consolidated
12 months ended 12 months ended
30 June 1999 30 June 1998
$ $
Basic earnings per share cents 8.6 5.2
Diluted earnings per share cents 7.8 5.0
Weighted average number of
ordinary shares used in the
calculation of basic earnings per share 44,400,000 44,400,000
Information concerning the classification of securities
Options
Options granted to employees under the Protel International Employee Share Option Scheme and to Macquarie
Equity Capital Markets under the Underwriting agreement are considered to be potential ordinary shares and have
been included in the determination of diluted earnings per share. The options have not been included in the
determination of basic earnings per share. Details relating to the options are set out in notes 19 and 21.
Convertible Notes
Convertible notes issued during the year are considered to be potential ordinary shares and have been included in the
determination of diluted earnings per share. The note has not been included in the determination of basic earnings per
share. Details relating to the convertible note are set out in note 16.
Preference Shares
Preference shares issued during the year are considered to be potential ordinary shares and have been included in the
determination of diluted earnings per share. The preference shares have not been included in the determination of
basic earnings per share. Details relating to the preference shares are set out in note 16.
ANNUAL REPORT 37