ESR Interim Report 2020 (EN)

Notes to Condensed Consolidated Financial Information 30 June 2020 68 23. SHARE OPTION PLAN (continued) There are no granted share options during the six months ended 30 June 2020. The 17,435,218 share options exercised during the six months ended 30 June 2020 and 5,704,593 share options exercised during 2019 resulted in the issue of 14,185,966 ordinary shares of the Company during the six months ended 30 June 2020. At the 30 June 2020, the Company had 64,723,000 share options outstanding under the Plans. The exercise in full of the outstanding share options by conventional exercise method would, under the present capital structure of the Company, result in the issue of 64,723,000 additional ordinary shares of the Company and additional share capital and share premium of US$48,309,000 (before issue expenses). At the date of approval of these financial statements, the Company had 64,723,000 share options outstanding under the Plans, which represented approximately 2.12% of the Company’s shares in issue as at that date. 24. PERPETUAL CAPITAL SECURITIES On 7 June 2017, the Company issued subordinated perpetual capital securities with aggregate net proceeds equivalent to US$98,845,000. The perpetual capital securities was fully redeemed on 7 June 2020. Movements of the perpetual capital securities are as follows: Principal Distribution Total US$’000 US$’000 US$’000 At 1 January 2019 (audited) 97,379 – 97,379 Profit attributable to holders of perpetual capital securities – 8,250 8,250 Distribution to holders of perpetual capital securities – (8,250) (8,250) At 31 December 2019 (audited) and 1 January 2020 97,379 – 97,379 Profit attributable to holders of perpetual capital securities – 4,125 4,125 Distribution to holders of perpetual capital securities – (4,125) (4,125) Redemption of perpetual capital securities (97,379) – (97,379) At 30 June 2020 (unaudited) – – –