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Annual Report - QuamIR

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Notes to the Consolidated Financial Statements (Continued)<br />

<br />

34 Share capital (Continued)<br />

Notes: (Continued)<br />

34 <br />

<br />

(b)<br />

(Continued)<br />

100,390,086 new ordinary shares of HK$0.01 each were issued upon the<br />

(b)<br />

<br />

<br />

exercise of 100,390,086 units of bonus warrants “492” for the period from<br />

100,390,0860.01<br />

1 January 2011 to 8 June 2011 and the outstanding bonus warrants “492”<br />

100,390,086<br />

expired on 8 June 2011.<br />

492<br />

492<br />

<br />

(c) On 9 June 2010, the Company approved the issue of 942,466,221<br />

bonus shares on the basis of 1 bonus share for every 10 ordinary shares<br />

held. The bonus shares are issued and credited as fully paid upon issue<br />

and rank pari passu in all respects with the existing shares with effect<br />

from the date of issue. The issue of bonus shares was funded by way of<br />

capitalisation of certain amounts standing to the credit of the Company’s<br />

contributed surplus account.<br />

(c)<br />

<br />

101<br />

942,466,221<br />

<br />

<br />

<br />

(d)<br />

For the year ended 31 December 2010, the Company repurchased a total<br />

of 2,000,000 of its own shares on the Stock Exchange, all of which have<br />

been cancelled as follows:–<br />

(d)<br />

<br />

2,000,000<br />

–<br />

Month/year<br />

Number of shares<br />

repurchased<br />

Total<br />

purchase price<br />

<br />

HK$ Million<br />

<br />

Purchase price per share<br />

Highest and lowest<br />

<br />

<br />

HK$<br />

<br />

January 2010 2,000,000 1.3 0.63<br />

•<br />

163

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