142
143
BAKER TECHNOLOGY LIMITED ANNUAL REPORT 2012
BAKER TECHNOLOGY LIMITED ANNUAL REPORT 2012
33. Dividend
Group and Company
2012
2011
$
$
Declared and paid during the financial year:
Dividend on ordinary shares:
- First and final tax exempt (one-tier) dividend for 2011:
1.0 cent (2010: 3.0 cents) per share
7,002,949 20,997,099
Proposed but not recognised as a liability as at
31December:
Dividend on ordinary shares, subject to shareholders’
approval at theAGM:
- First and final tax exempt (one-tier) dividend for 2012: 1.5 cents
(2011: 1.0 cent) per share
11,052,101 7,001,689
- Special tax exempt (one-tier) dividend for 2012: 8.5 cents
(2011: Nil) per share
62,628,570
–
73,680,671 7,001,689
34. Eventsoccurringafter the reporting period
On 22 February 2013, the Directors of the Company recommended a first and final tax exempt (one-tier)
dividend of 1.5 cents and a special tax exempt (one-tier) dividend of 8.5 cents for each existing ordinary
share in the capital of the Company in respect of financial year 2012. As the proposed special dividend, if
declared, will be distributed out of reserves which are attributable to profits or gains arising from the disposal
of investments by theCompany, the Board is of the view that it is appropriate to adjust the exercise price of the
2012Warrants of $0.270 per share to a lower exercise price of $0.185 per share so as to reflect the lower
intrinsic value of the Company’s shares after the proposed special dividend. The proposed adjustment to the
exercise price of the 2012Warrantswill be effective from the commencement of theMarket Day next following
the record date of the proposed special dividend.
35. Authorisationof financial statements for issue
Thefinancial statements for thefinancial year ended31December2012wereauthorised for issue inaccordance
with a resolution of the directors on 19March 2013.
for the financial year ended 31december 2012
for the financial year ended 31december 2012
notestothe
financialstatements
notestothe
financialstatements
