UOB Annual Report 2002 - United Overseas Bank

Notes to the Financial Statements
for the financial year ended 31 December 2002
16 Share Capital (continued)
(b) During the financial year, the Bank issued 494,000 (2001: 377,000) ordinary shares of $1 each to option holders who exercised
their rights. All newly issued shares rank pari passu in all respects with the previously issued shares.
(c)
Details of the unissued ordinary shares of $1 each of the Bank under option at the end of the financial year are set out in
Note 9(c).
17 Share Premium
The Group and The Bank
2002 2001
$'000
$'000
Balance at 1 January 786,192 783,488
Share premium arising from the issue of shares to
option holders who exercised their rights 5,041 2,704
Balance at 31 December 791,233 786,192
The share premium account may only be utilised for specific purposes provided for by the Singapore Companies Act.
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