ESR Interim Report 2020 (EN)

Notes to Condensed Consolidated Financial Information 30 June 2020 66 22. 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 US$’000 US$’000 US$’000 At 1 January 2019 (audited) 2,688,919,875 2,689 1,370,398 1,373,087 Share options exercised (note (i)) 18,452,806 19 7,584 7,603 Conversion of redeemable convertible preference shares (note (ii)) 49,071,962 49 75,498 75,547 Issue of new shares pursuant to Global Offering (note (iii)) 280,140,000 280 601,004 601,284 Share issue expenses (note (iii)) – – (11,958) (11,958) At 31 December 2019 (audited) and 1 January 2020 3,036,584,643 3,037 2,042,526 2,045,563 Share options exercised (note (iv)) 14,185,966 14 17,350 17,364 Share repurchased and cancellation (note (v)) (536,400) (1) (893) (894) At 30 June 2020 (unaudited) 3,050,234,209 3,050 2,058,983 2,062,033 Notes: (i) 18,452,806 share options were exercised at the exercise price of US$0.46 per share (note 23), resulting in the issue of 18,452,806 shares for a total cash consideration, before expenses, of US$19,000. An amount of US$7,603,000 was transferred from the share option reserve to share capital and share premium upon the exercise of the share options. (ii) 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. (iii) On 1 November 2019, the Company issued a total of 280,140,000 ordinary shares of US$0.001 each at HK$16.8 per share by way of Global Offering. The expenses attributable to the issue of shares of approximately US$11,958,000 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. (iv) 14,185,966 shares were issued by the Company for a total cash consideration, before expenses, of US$4,590,000 in satisfaction of 17,435,218 share options exercised in the six months ended 30 June 2020 at the exercise price of US$0.68 per share and 5,704,593 share options exercised in 2019 at the exercise price of USD0.66 per share (note 23). An amount of US$12,774,000 was transferred from the share option reserve to share capital and share premium upon the exercise of the share options. (v) The Company repurchased 536,400 of its own shares on the Hong Kong Stock Exchange for a consideration of approximately US$894,000. The repurchased shares have been cancelled and the amount paid for the purchase of the shares has been charged to share capital and share premium.