Directors' Report - Alibaba

24 SHARE CAPITAL
Equivalent
Number of Nominal value of nominal value of
ordinary shares Ordinary shares ordinary shares
Notes RMB’000
Authorized
Ordinary share of HK$0.0001 each 8,000,000,000 HK$800,000 770
Issued and fully paid
As of January 1, 2009 5,049,356,500 HK$504,936 486
Issuance of ordinary shares under share-based
incentive schemes 1,345,040 HK$134 –
Repurchase of issued ordinary shares (a) (11,000,000) (HK$1,100) (1)
As of December 31, 2009 5,039,701,540 HK$503,970 485
As of January 1, 2010 5,039,701,540 HK$503,970 485
Issuance of ordinary shares under share-based
incentive schemes 5,829,908 HK$583 –
Repurchase of issued ordinary shares (b) (1,800,000) (HK$180) –
As of December 31, 2010 5,043,731,448 HK$504,373 485
(a) In 2009, the Company repurchased 11,000,000 issued ordinary shares on the market. These repurchased shares were cancelled immediately upon
repurchase. The total amount paid to acquire these issued ordinary shares of HK$79,204,000 (equivalent to RMB69,804,000) was deducted from the
shareholders’ equity. A sum equivalent to the nominal value of the repurchased shares amounting to HK$1,100 has been transferred from retained
earnings to capital redemption reserve.
Number of Highest Lowest Equivalent
shares price per price per Aggregate aggregate
repurchased share share price paid price paid
Month of repurchase HK$ HK$ HK$’000 RMB’000
January 2009 1,000,000 5.50 5.47 5,519 4,867
February 2009 10,000,000 7.50 6.94 73,685 64,937
11,000,000 79,204 69,804
(b) In 2010, the Company repurchased 1,800,000 issued ordinary shares on the market. These repurchased shares were cancelled immediately upon
repurchase. The total amount paid to acquire these issued ordinary shares of HK$23,735,000 (equivalent to RMB20,455,000) was deducted from
the shareholders’ equity. A sum equivalent to the nominal value of the repurchased shares amounting to HK$180 has been transferred from retained
earnings to capital redemption reserve.
Number of Highest Lowest Equivalent
shares price per price per Aggregate aggregate
Month of repurchase repurchased share share price paid price paid
HK$ HK$ HK$’000 RMB’000
November 2010 1,500,000 13.20 12.88 19,693 16,986
December 2010 300,000 13.50 13.30 4,042 3,469
1,800,000 23,735 20,455
(c) In 2010, the Group acquired 2,750,000 ordinary shares of the Company through the Equity Incentive Trust on the market for the purpose of the Share
Award Scheme (Note 27(a)) with a consideration of HK$37,511,000 (equivalent to RMB32,254,000).
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Alibaba.com Limited Annual Report 2010