2018 March 1 A disclosure document was issued inviting applications for 100 000

2018 march 1 a disclosure document was issued

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2018 March 1 A disclosure document was issued inviting applications for 100 000 ordinary shares at an issue price of $2.50, payable in full on application. The main purpose of the issue was to fund the redemption of the preference shares. March 31 The issue was fully subscribed and all money due was received. The shares were then allotted. April 10 The preference shares were redeemed at a price of $2.10 per share. The shares had been classified as equity in the financial statements. May 1 The holders of 35 000 options elected to exercise those options and 35 000 ordinary shares were issued and cash received. All other options lapsed. PO P LA R L TD Share Capital - Ordinary 31/5/18 Balance c/d 644 500 31/7/15 Application - ord 300 000 31/3/18 Application -ord 250 000 1/5/18 Cash - ord 94 500 644 500 644 500 31/5/18 Balance b/d 644 500 Share Capital - Preference
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10/4/18 Shareholders’ redemption 100 000 31/7/15 Application - pref 100 000 Cash Trust 21/7/15 Application - ord 360 000 31/7/15 Application - ord 60 000 21/7/15 Application - pref 70 000 31/7/15 Cash 370 000 430 000 430 000 31/3/18 Application - ord 250 000 31/3/18 Cash 250 000 250 000 250 000 Application – Ordinary 31/7/15 Share capital - ord 300 000 21/7/15 Cash trust 360 000 31/7/15 Cash trust (refund) 60 000 360 000 360 000 31/3/18 Share capital - ord 250 000 31/3/18 Cash trust 250 000 Application - Preference 31/7/15 Share capital - pref 100 000 21/7/15 Cash Trust 70 000 14/8/15 Cash and share issue costs 30 000 100 000 100 000 Cash (extract) 31/7/15 Cash trust 370 000 10/4/18 Shareholders’ redemption 105 000 14/8/15 Application - pref 23 500 31/3/18 Cash trust 250 000 1/5/18 Share Capital - ord 94 500 Share Issue Costs 14/8/15 Application - pref 6 500
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Shareholders’ Redemption 10/4/18 Cash 105 000 10/4/18 Share capital -pref and retained earns. 105 000 Retained Earnings (extract) 10/4/18 Shareholders’ redemption 5 000
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  • Share capital, 1973, 1978

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