ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 217 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ESR Annual Report 2019 41. SHARE CAPITAL (continued) A summary of movements in the Company’s share capital is as follows: Number of shares in issue Share capital Share premium account Total USD’000 USD’000 USD’000 At 1 January 2018 2,334,820,428 2,335 972,735 975,070 Issuance of new shares (note (i)) 266,942,708 267 345,893 346,160 Share options exercised (note (ii)) 32,472,131 32 25,066 25,098 Transferred from equity component of warrant instrument 54,684,608 55 26,704 26,759 At 31 December 2018 and 1 January 2019 2,688,919,875 2,689 1,370,398 1,373,087 Share options exercised (note (iii)) 18,452,806 19 7,584 7,603 Conversion of redeemable convertible preference shares (note (iv)) 49,071,962 49 75,498 75,547 Issue of new shares pursuant to Global Offering (note (v)) 280,140,000 280 601,004 601,284 Share issue expenses (note (v)) – – (11,958) (11,958) At 31 December 2019 3,036,584,643 3,037 2,042,526 2,045,563 Notes: (i) On 10 May 2018, the Company issued 240,578,861 ordinary shares to a new shareholder for cash considerations of USD306,160,659. On 13 June 2018, the Company issued 26,363,847 ordinary shares to a new shareholder for cash considerations of USD40,000,000. (ii) 32,472,131 share options were exercised at the exercise price of USD0.46 per share (note 42), resulting in the issue of 32,472,131 shares for a total cash consideration, before expenses, of USD14,937,000. An amount of USD10,161,000 was transferred from the share option reserve to share capital upon the exercise of the share options. (iii) 18,452,806 share options were exercised at the exercise price of USD0.46 per share (note 42), resulting in the issue of 18,452,806 shares for a total cash consideration, before expenses, of USD19,000. An amount of USD7,603,000 was transferred from the share option reserve to share capital and share premium upon the exercise of the share options. (iv) 32,714,642 and 16,357,320 redeemable convertible preference shares were converted to ordinary shares on 18 September 2019 and 1 November 2019 respectively. (v) On 1 November 2019, the Company issued a total of 280,140,000 ordinary shares of USD0.001 each at HK$16.8 per share by way of Global Offering. The expenses attributable to the issue of shares of approximately USD11,958,000 were recognised in the share premium account of the Company. On the same date, the Company’s shares were listed on the Main Board of the Hong Kong Stock Exchange.