Powering growth - Aztech Group Ltd - Investor Relations

F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 99122 SHARE CAPITAL (cont’d)The Company has one class of ordinary shares with no par value which carry no right to fixed income.The Aztech Group Employee Share Option Scheme 2000 (“ESOS 2000”) was approved and adopted at the Company’s Extraordinary GeneralMeeting (“EGM”) held on March 10, 2000.In 2009, 7,220,000 ordinary shares in the Company were issued at the following subscription price, pursuant to the exercise of options grantedunder ESOS 2000:Number of ordinary sharesExercise price2,000,000 $0.1192,120,000 $0.1081,000,000 $0.1121,200,000 $0.186400,000 $0.175500,000 $0.203The new shares ranked pari passu in all respects with existing shares of the Company.On July 17, 2007, the Company allotted 104,390,250 warrants (“Warrants 2010”) at an issue price of $0.02 for each warrant on the basis ofone warrant for every four existing shares. On November 24, 2009, due to the Rights cum Warrants issue exercise, the number and price of theexisting warrants were adjusted accordingly, and an additional 9,948,476 warrants were allotted. Each warrant entitles the warrant holder tosubscribe for one new ordinary share of the Company at an adjusted exercise price of $0.47 (2008 : $0.51) per share. The warrants have anexercise period of 3 years from July 17, 2007 to July 16, 2010. As at December 31, 2009, the outstanding number of warrants is 113,792,726(2008 : 103,844,250).On November 24, 2009, the Company allotted 81,272,000 rights shares with 81,272,000 warrants (“Warrants 2012”) at an issue price of$0.125 for each rights share on the basis of one rights share with one warrant for every five existing shares. Each warrant entitles the warrantholder to subscribe for one new ordinary share of the Company at an exercise price of $0.20 per share. The warrants have an exercise period of 3years from November 24, 2009 to November 23, 2012. During the year, 8,000 new ordinary shares were issued from the conversion of warrants.As at December 31, 2009, the outstanding number of warrants is 81,264,000.23 TREASURY SHARESGROUP AND COMPANY2009 2008 2009 2008’000 ’000 $’000 $’000Number of ordinary sharesAt beginning of the year 21,859 9,793 5,636 3,647Repurchased during the year - 12,066 - 1,989At end of the year 21,859 21,859 5,636 5,636In 2008, the Company acquired 12,066,000 of its own shares through purchases on the Singapore Exchange. The total amount paid to acquirethe shares was $1,989,000 and had been deducted from shareholders’ equity. The shares are held as “treasury shares”. There was no sharebuy-back during the current financial year.