. 119
ANNUAL
REPORT
20 1 7
THE BE ST
I N US
NOTESTOTHE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
21.
SHARECAPITAL
GroupandCompany
2017
2016
No. of
shares
$’000
No. of
shares
$’000
Issuedand fullypaid:
At 1 January
202,877,948 108,788
1,014,390,262 108,788
Shareconsolidation
(1)
–
–
(811,512,314)
–
At 31December
202,877,948 108,788
202,877,948
108,788
(1)
At theExtraordinaryGeneralMeetingof theCompanyheldon22April 2016, shareholders approved theconsolidation
of every five (5) existing issuedordinary shares in the share capital of theCompany intoone (1) consolidatedordinary
share (“Share Consolidation”). Following the completion of the Share Consolidation, which became effective on
31 May 2016, the number of ordinary shares of the Company as at 31 December 2016 was reduced to 202,877,948
ordinary shares, after disregarding fractional entitlements.
The holders of ordinary shares are entitled to receive dividends as andwhen declared by theCompany. All
ordinary shares carryone voteper sharewithout restriction. Theordinary shares havenopar value.
