Sea Oil Public Company Limited Notes to Consolidated and Company Financial Statements For the year ended 31 December 2015
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Share capital Number of shares Shares
Ordinary Shares Baht
Share Premium Baht
Total Baht
At 1 January 2014 Stock dividend
180,000,000 29,998,052
180,000,000 29,998,052
161,873,151 -
341,873,151 29,998,052
At 31 December 2014 Issue of shares Stock dividend
209,998,052 104,998,805 44,996,991
209,998,052 104,998,805 44,996,991
161,873,151 419,995,220 -
371,871,203 524,994,025 44,996,991
At 31 December 2015
359,993,848
359,993,848
581,868,371
941,862,219
As at 31 December 2015, the total number of authorised ordinary shares is 379,124,282 shares with a par value of Baht 1 per share (2014: 314,997,078 shares with a par value of Baht 1 per share). The issued shares were already paid in the amount of Baht 359,993,848. Additional ordinary shares, fully paid-up, of 104,998,805 shares with par value of Baht 1 per share were registered with the Ministry of Commerce on 6 Jan 2015. The Company received share subscription from existing shareholders Baht 524.99 million in 2014. The increased ordinary shares were allowed to trade in the Stock Exchange of Thailand on 12 January 2015. There was share premium Baht 419.99 million arising from such transaction. On 8 April 2015, the Annual Ordinary Shareholders’ meeting of 2015 approved the increase registered shares from 314,996,857 shares to 359,996,408 shares to be used as the reserve for share dividends of 44,999,551 shares with par value at Baht 1 per share in the ratio of seven current shares per one dividend share. The new shares were registered on 10 April 2015. On 26 May 2015, the Extraordinary Shareholders’ meeting No.1/2015 approved the following: 1) The decrease of the Company’s registered capital, after the allocation of share dividends, from Baht 359,996,408 to Baht 359,993,848 by cancelling 2,560 unissued shares of the Company with a par value of Baht 1 per share. The company registered a share reduction with the Ministry of Commerce on 3 September 2015. 2) The increase of the Company’s registered capital at Baht 19,130,434, from Baht 359,993,848 to Baht 379,124,282, by issuing new 19,130,434 ordinary shares with a par value of Baht 1 per share to acquire shares of Nakornchaiprakarn Chemical Co., Ltd (“NPC”) from the existing shareholders of 1,500,000 shares at Baht 100 per share, 100% of the paid-up share capital of NPC by allocating the newly issued ordinary shares of the Company to the existing shareholders of NPC at an offering price of Baht 11.50 per share, totalling Baht 220,000,000, through a private placement. The new shares were already registered to the Ministry of Commerce on 7 September 2015. However, the acquisition has not yet incurred.
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Legal reserve Consolidated
Company
2015
2014
2015
2014
Baht
Baht
Baht
Baht
At 1 January Appropriation during the year
17,990,000 5,305,000
13,590,000 4,400,000
17,990,000 5,305,000
13,590,000 4,400,000
At 31 December
23,295,000
17,990,000
23,295,000
17,990,000
Under the Public Limited Company Act., B.E. 1992, the Company is required to set aside as a legal reserve at least 5% of its net profit after accumulated deficit brought forward (if any) until the reserve is not less than 10 percent of the registered capital. The legal reserve is non-distributable.
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