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PUMPKIN PATCH LIMITED & SUBSIDIARIES NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE 6 MONTHS ENDED 31 JANUARY 2004 (CONTINUED)

4. Share Capital

31 Jan 2004

31 July 2003

$000

$000

10,907

10,907

-

-

10,907

10,907

Issued and paid up capital

Movement in shares held as treasury stock

Balance at the End of the Period

Group

31 Dec 2002 $000

10,865

42

10,907

As at 31 January 2004 there were 1,282,911 shares on issue (2003: 1,248,850, 2002: 1,201,500) as follows:

1,132,800

1,132,800

1,132,800

70,861

68,700

68,700

79,250

47,350

-

1,282,911

1,248,850

1,201,500

A Class

B Class

C Class

A Class shares carry full voting rights and full dividend rights. B Class shares carry no voting rights unless fullly paid and full dividend rights. C Class shares carry no voting rights and no dividend rights unless fully paid.

31 Jan 2004

31 July 2003

31 Dec 2002

Share issue:

B Class: During the period, 2,161 B Class shares were issued to the Pumpkin Patch Limited Employee Share Scheme Trust to be held in trust for certain employees in recognition of their long service or to assist them in becoming shareholders.

C Class: During the period, 31,900 C Class shares were issued under the provisions of the employee share scheme.The shares were issued to Pumpkin Patch Nominees Limited for nil consideration to hold in trust for certain employees who were invited by the Board of Directors to participate in a share scheme.

C Class share scheme: The total shares issued under the scheme to the end of 31 January 2004 have an exercise value totalling $5,980,940 and may be paid for at various times from 1 April 2003 to 31 December 2008. The issue price has been set based upon the estimated market value of ordinary A shares.

Exercise

Expiry

Number

Number

Number

Exercise Price

31 Jan 2004

31 July 2003

31 Dec 2002

Date

Date

31 Jan 2004

31 July 2003

31 Dec 2002

$

$

$

$

Unpaid shares under the C Class share scheme outstanding at balance date have the following terms:

1/01/2003

31/12/2004

6,000

6,000

-

55.00

330,000

330,000

-

1/04/2003

31/03/2005

5,200

5,200

-

67.00

348,400

348,400

-

1/01/2004

31/12/2005

6,000

6,000

-

63.25

379,500

379,500

-

1/04/2004

31/03/2006

13,650

5,950

-

70.00

955,500

416,500

-

1/01/2005

31/12/2006

6,000

6,000

-

72.74

436,440

436,440

-

1/04/2005

31/03/2007

14,200

6,200

-

70.00

994,000

434,000

-

1/01/2006

31/12/2007

6,000

6,000

-

83.65

501,900

501,900

-

1/04/2006

31/03/2008

16,200

-

-

90.00

1,458,000

-

-

1/01/2007

31/12/2008

6,000

6,000

-

96.20

577,200

577,200

79,250

47,350

-

  • -

    5,980,940

3,423,940

-

56

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