Positioning for the Future | 175
Appendix
23 SHARE CAPITAL
The Company
2014
No. of shares
(‘000)
2013
No. of shares
(‘000)
Issued and fully paid, with no par value
At 1 January
4,271,511
4,270,491
Issue of shares pursuant to the
- Exercise of options
824
872
- Payment of directors’ fees
179
148
At 31 December, including treasury shares
4,272,514
4,271,511
Less Treasury shares
(13,929)
(19,465)
At 31 December, excluding treasury shares
4,258,585
4,252,046
(a) The holders of ordinary shares (excluding treasury shares) are entitled to receive dividends as declared
from time to time and are entitled to one vote per share at meetings of the Company. All shares (excluding
treasury shares) rank equally with regard to the Company’s residual assets.
(b) At 31 December 2014, there were 5,796,357 (2013 7,168,345) options under the CapitaLand Share Option
Plan, a maximum of 18,388,753 (2013 16,461,031) shares under the CapitaLand Performance Share Plan
and 21,414,631 (2013 16,216,593) shares under the CapitaLand Restricted Stock/Share Plan, details of
which are disclosed in note 22(b).
(c) As at 31 December 2014, the convertible bonds issued by the Company which remained outstanding were
as follows
Principal Amount
$ million
Final Maturity Date
Year
Conversion Price
$
Convertible Into
New Ordinary Shares
184.25
2016
6.0100
30,657,237
235.25
2018
7.1468
32,916,829
467.00
2016
4.6619
100,173,748
650.00
2020
4.9946
130,140,551
800.00
2023
4.2074
190,141,179
1,000.00
2022
11.5218
86,791,994
There has been no conversion of any of the above convertible bonds since the date of their respective issue.
(d) Movements in the Company’s treasury shares were as follows
The Company
2014
No. of shares
(‘000)
2013
No. of shares
(‘000)
At 1 January
19,465
19,612
Purchase of treasury shares
–
5,554
Treasury shares transferred pursuant to employee share plans
(5,536)
(5,701)
At 31 December
13,929
19,465
Notes to the Financial Statements
Year ended 31 December 2014
