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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
17. SHARE CAPITAL
Group and Company
2015
2014
Number
Number
Note of shares
RM of shares
RM
Ordinary shares of RM0.20 each:
Authorised
Balance as at 31 December
2,500,000,000 500,000,000 2,500,000,000 500,000,000
Issued and fully paid
Balance as at 1 January:
641,589,492 128,317,898 185,386,850 37,077,370
Issuance of ordinary shares pursuant
to:
- ESS
(a)&
(b)(iii)
8,257,700
1,651,540
8,223,500
1,644,700
- acquisition of subsidiaries
(b)(ii)
-
-
150,602,283 30,120,457
- special issue
(b)(i)
-
-
84,126,858 16,825,371
- bonus issue
(b)(iv)
-
-
213,250,001 42,650,000
Balance as at 31 December
649,847,192 129,969,438 641,589,492 128,317,898
(a) During the financial year, the issued and fully paid-up ordinary share capital of the Company was
increased by way of issuance of 8,257,700 new ordinary shares of RM0.20 each for cash pursuant to the
exercise of Executives’ Share Scheme (“ESS”).
(b) In the previous financial year, the issued and fully paid-up ordinary share capital of the Company was
increased by way of:
(i) special issue of 84,126,858 new ordinary shares of RM0.20 each at RM0.42 per ordinary share for
cash pertaining to the Share Subscription Agreement (“SSA”) with Cycas for cash consideration
paid for e-pay Asia Limited acquisition and related acquisition expenses and general working
capital purposes;
(ii) issuance of 150,602,283 new ordinary shares of RM0.20 each at RM0.44 per ordinary share and
remeasured to fair value of RM0.80 per ordinary share for share swap to acquire e-pay Asia Limited;
(iii) issuance of 8,223,500 new ordinary shares of RM0.20 each for cash pursuant to the exercise of
Executives’ Share Scheme (“ESS”); and
(iv) bonus issue of 213,250,001 new ordinary shares of RM0.20 each to be credited as fully paid, on the basis
of one (1) bonus share for every two (2) existing shares held (“Bonus Issue”).
(c) Repurchased shares were held as treasury shares in accordance with the requirement of Section 67A
of the Companies Act, 1965 in Malaysia and none of the treasury shares were re-sold or cancelled
during the financial year.