2006 - TCL Communication Technology Holdings Limited

TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED
Notes to Financial Statements
31 December 2006
32. SHARE CAPITAL
No of shares
Amount
HK$’000
Authorised:
Ordinary shares of HK$ 0.1 each at 1 January 2005
and 31 December 2005 5,000,000,000 500,000
Increase during the year 3,000,000,000 300,000
Ordinary share of HK$ 0.1 each at 31 December 2006 8,000,000,000 800,000
Issued and fully paid or credited as fully paid:
Ordinary shares of HK$ 0.1 each at 1 January 2005 2,827,500,000 282,750
Shares allotted and issued pursuant to the Framework Agreement 141,375,000 14,138
At 31 December 2005 and at 1 January 2006 2,968,875,000 296,888
Shares allotted and issued pursuant to the Completion of Open Offer 2,968,875,000 296,887
Share options exercised (note 33) 1,962,052 196
At 31 December 2006 5,939,712,052 593,971
Pursuant to a resolution passed at an extra – ordinary general meeting held on 6 February 2006:
– the authorised share capital of the Company was increased from HK$500,000,000 to HK$800,000,000 by
the creation of an additional 3,000,000,000 unissued shares of HK$0.1 each.
– the Company was approved to issue 2,968,875,000 new shares (“Offer Share”) at a price of HK$0.2 per
share by way of Open Offer, on the basis of one offer share for every one share of the Company held on
them. The Open Offer was completed on 27 February 2006 with a net proceeds of approximately
HK$587,200,000. Of the net proceeds from the Open Offer of about HK$587.2 million, the Group has
utilized approximately HK$150 million to settle the payables incurred in its ordinary business, about HK$237.2
million as general working capital and about HK$200 million in research and development activities of
advanced technology of the industry.
Shares issued during the year rank pari passu with the then existing shares in all aspects.
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Annual Report 2006