FINANCIAL REPORT (cont.) Notes to the Financial Statements (cont.)
12. ISSUED CAPITAL Fully paid ordinary shares carry one vote per share and carry the right to dividends.
2023 Number
2022 Number
Ordinary shares
Ordinary shares at beginning of financial year Shares issued to vendors for acquisitions Shares issued under Dividend Reinvestment Plan
105,895,210 103,990,067
1,331,091
-
-
112,880
Shares issued under Employee Share and Performance Rights Plans
1,445,496 1,654,588
Treasury shares vested during the year Net Treasury shares issued during the year Ordinary shares at end of financial year
358,026
622,703 (485,028)
-
109,029,823 105,895,210
2023 $’000
2022 $’000
Fully paid ordinary shares
Balance at beginning of financial year Shares issued to vendors for acquisitions Shares issued under Dividend Reinvestment Plan Shares issued under Performance Rights Plan Shares issued under Employee Share Plan Net Treasury shares issued (lapsed) during the year
22,482
20,687
1,400
-
-
93
496
436 134
-
(274)
1,132
Balance at end of financial year
24,104
22,482
2023 Number
2022 Number
Treasury shares under employee share plan Balance at beginning of financial year Treasury shares vested during the year Net Treasury shares issued during the year
2,207,950 2,345,625
(358,026)
(622,703) 485,028
-
Balance at end of financial year
1,849,924 2,207,950
2023 $’000
2022 $’000 (674)
Treasury shares under employee share plan
Balance at beginning of financial year
(1,806)
Net Treasury shares lapsed (issued) during the year
331
(1,132) (1,806)
Balance at end of financial year
(1.475)
Reserves Nature and purpose of reserves (a) Treasury shares under employee share plan The value of shares bought back are allocated to this reserve. (b) Share-based payments reserve The share-based payments reserve is for the fair value of options granted and recognised to date but not yet exercised, and treasury shares purchased and recognised to date which have not yet vested.
Annual Report 2023 76
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