Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 201211731 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS25. SHARE CAPITALNumber of ordinaryshares with no par value Share capital2012 2011 2012 2011$’000 $’000 $’000 $’000Group and CompanyAt beginning of the reporting year 839,159 832,072 37,050 36,375Exercise of warrants – 2,802 – 98Award of performance shares – 4,285 – 577Issue of ordinary shares 85,000 – 8,925 –Share issue expenses – – (48) –At end of the reporting year 924,159 839,159 45,927 37,050Ordinary SharesThe ordinary shares with no par value are fully paid and carry no right to fixed income. The holders of ordinaryshares are entitled to receive dividends when declared by the Company. All ordinary shares carry one voteper share without restrictions at meetings of the Company.Issue of ordinary shares:During the reporting year, the Company issued new ordinary shares as follows:(a)50,000,000 new ordinary shares at S$0.105 per ordinary share for cash in pursuant to a SubscriptionAgreement; and(b)35,000,000 new ordinary shares as consideration for the acquisition of the remaining 30% equityinterests in Sunrich Integrated Sdn. Bhd. (Note 17B).In the previous reporting year, the Company issued new ordinary shares as follows:(c)85,500,000 warrants were exercised, resulting in the issuance of 2,802,000 new ordinary shares.(d)4,285,000 new ordinary shares were issued pursuant to the ecoWise Performance Share Plan.