Share Premium Sample Clauses

Share Premium approving a reduction of the share premium account of Azur in order to allow an application to be made under Section 72 of the Irish Companies ▇▇▇ ▇▇▇▇ to the Irish High Court to allow for the creation of distributable reserves;

Share Premium. As a consequence of the contribution of shares in The Shell Transport and Trading Company Limited (“Shell Transport”) by Royal Dutch Shell as described under 11 (Restructuring), share premium shall be created in the equity of the Disappearing Company. Upon the merger, this results in share premium of USD 32,809,000,000 in the Acquiring Company. Upon the merger, an amount of USD 25,167,172,016 of the share premium originating from the Disappearing Company will be capitalized by way of allotting (“toekennen”) shares with an aggregate nominal capital of an equal amount, in the share capital of the Acquiring Company. The share premium in the Acquiring Company will be impacted by reason of the restructuring and the merger only, as follows:

Share Premium. Section 51 of the Public Limited Companies Act B.E. 2535, requires a company to set aside share subscription monies received in excess amount of the par value of the shares issued to a reserve account (“share premium”). Share premium is not available for dividend distribution. Movement of the share capital and premium (discount) on ordinary shares for the year ended December 31, 2022 were summarized as follows: Thousand shares Thousand Baht Issued and paid-up Authorized Issued and paid-up Premium (discount) on shares capital shares capital share capital shares capital Balance as at December 31, 2021 5,397,877 5,397,877 4,588,196 4,588,196 71,131 Increase in share capital 2,698,939 1,641,439 2,294,097 1,395,223 (1,017,692) Attributable expenses of increase in share capital - - - - (1,318) Balance as at December 31, 2022 8,096,816 7,039,316 6,882,293 5,983,419 (947,879) According to the 2022 Annual General Meeting of shareholders held on April 29, 2022, the shareholders resolved to approve the following significant matters: (1) The increase the Company’s registered capital for the amount of Baht 2,294,097,804.90 from Baht 4,588,195,610.65 to Baht 6,882,293,415.55 by issuing 2,698,938,594 new ordinary shares at par value of 0.85 Baht per share. (2) The allotment of newly issued ordinary shares not exceeding 1,799,292,396 shares at par value 0.85 Baht per share offered to the existing shareholders in proportion to their shareholdings ( Rights Offering) at the ratio of 3 existing ordinary shares to 1 newly issued ordinary share at offering price of

Share Premium. The application of the share premium account is governed by Section 48B of the Hong Kong Companies Ordinance. PRC statutory reserves include general reserve, enterprise expansion fund, statutory surplus reserve and statutory public welfare fund. At 31 December 1999, Guangdong Mobile, Zhejiang Mobile, Jiangsu Mobile and Fujian Mobile are wholly-foreign owned enterprises. In accordance with Accounting Regulations for PRC Enterprises with Foreign Investment, they are required to transfer at least 10 per cent of their profit after taxation, as determined under accounting principles generally accepted in the PRC ("PRC GAAP") to the general reserve until the balance of the general reserve is equal to 50 per cent of their registered capital. Moreover, they are required to transfer a certain percentage of their profit after taxation, as determined under PRC GAAP, to the enterprise expansion fund. During the year, appropriations were made by each of the above subsidiaries to the general reserve and the enterprise expansion fund at 10 per cent and 30 per cent, respectively, of their profit after taxation determined under PRC GAAP. The general reserve can be used to make good losses and to increase the capital of the subsidiaries while the enterprise expansion fund can be used to increase the capital of the subsidiaries, to acquire fixed assets and to increase current assets. As Henan Mobile and Hainan Mobile were only registered as wholly-foreign owned enterprises on 27 January 2000 and 19 January 2000, respectively, they are not required to make the above transfers for the year ended 31 December 1999. According to their Articles of Association and Regulations on Posts and Telecommunications Enterprises, Henan Mobile and Hainan Mobile are required to transfer a certain percentage of profit after taxation, as determined under PRC GAAP, to the statutory surplus reserve and statutory public welfare fund. During the year, appropriations were made by Henan Mobile and Hainan Mobile to the statutory surplus reserve and the statutory public welfare fund at 10 per cent and 9 per cent, respectively, of their profit after taxation determined under PRC GAAP. Statutory surplus reserve can be used to make good previous years' losses, if any, and may be converted into paid-up capital, provided that the balance after such conversion is not less than 25 per cent of the registered capital of the subsidiaries. Statutory public welfare fund can only be utilised on capital items for the...

Share Premium. 2.3 Ülekurss Shares may be issued at a premium. Osasid võib välja lasta ülekursiga.