Page 52 - Escher Annual Report 2011

Escher Group Holdings plc Annual report 2011 50
Notes to the consolidated financial statements continued
for the year ended 31 December 2011
21. Share capital and premium
Authorised share capital – Group and company
Number of
ordinary
shares
Ordinary
shares
US$’000
Number of
B ordinary
shares
Ordinary
shares
US$’000
Total
US$’000
Equity share capital
At 1 January 2010
A ordinary shares of €0.10 each 10,000,000 1,388 — — 1,388
B convertible ordinary shares of €0.10 each — — 1,000,000 136 136
At 31 December 2010 10,000,000 1,388 1,000,000 136 1,524
Re-designation of A ordinary shares into
ordinary shares of €0.005 each 200,000,000 1,388 — — 1,388
Re-designation of B convertible ordinary shares into
shares of €0.005 each — — 20,000,000 (133) (133)
Re-designation of B shares as A ordinary shares 428,000 3 (428,000) (3) —
Cancellation of the reminder of B shares — — (19,572,000) 136 136
Increase in authorised share capital 572,000 4 — — 4
At 31 December 2011 201,000,000 1,395 — — 1,395
Issued share capital
Number of
shares
Equity
share capital
US$’000
Share
premium
US$’000
Total
US$’000
Ordinary share capital
At 1 January 2010 94,000 13 — 13
Share based payments 650 — — —
At 31 December 2010 94,650 13 — 13
Bonus issue of shares 283,950 40 — 40
Split of share capital 7,193,400 — — —
Re-designation of B shares as ordinary share capital 428,000 — — —
Share based payment (note 22) 195,315 1 — 1
Shares issued in debt for equity swap on IPO 195,315 1 599 600
Issued on IPO 8,642,467 63 20,285 20,348
At 31 December 2011 17,033,097 118 20,884 21,002
Number of
shares
B ordinary
shares
US$’000
Share
premium
US$’000
Total
US$’000
B convertible ordinary shares
At 1 January 2010 3,100 — — —
Employee share option scheme:
– proceeds from shares issued 2,250 — — —
At 31 December 2010 5,350 — — —
Bonus issue of shares 16,050 — — —
Split of share capital 406,600 — — —
Re-designation of B shares as ordinary share capital (428,000) — — —
At 31 December 2011 — — — —