NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 24. SHARE CAPITAL (continued) Notes: (i) 2,662,626 shares were issued by the Company for a nil cash consideration in satisfaction of 4,837,951 share options exercised in 2021 at the exercise price of US$0.99 per share. An amount of US$3,216,000 (before tax of US$1,851,000) was transferred from the share-based payment reserve to share capital and share premium upon the exercise of the share options. (ii) During the year, the Company paid withholding tax of US$1,241,000 in relation to share options exercised in the previous financial year. The withholding tax expense was recorded in share premium account. (iii) The Company repurchased 13,873,800 of its own shares on the Hong Kong Stock Exchange for a consideration of approximately US$42,082,000. The repurchased shares have been cancelled and the amount paid for the purchase of the shares has been charged to share capital and share premium. (iv) 1,458,829 shares were issued by the Company for a nil cash consideration in satisfaction of 2,283,919 share options exercised in 2022 at the exercise price of US$1.07 per share and 206,267 shares were issued by the Company in satisfaction of 464,134 Long Term Incentive Scheme exercised in 2022 (note 25). An amount of US$2,874,000 (before tax of US$124,000) was transferred from the share-based payment reserve to share capital and share premium upon the exercise of the share-based compensation plan. (v) Pursuant to the rules and trust deed of the Long Term Incentive Scheme (“LTI Scheme”) adopted on 2 June 2021, the trustee of the LTI Scheme had purchased on the Hong Kong Stock Exchange a total of 257,867 shares of the Company at a total consideration of US$830,000 during the six months ended 30 June 2022. (vi) During the six months ended 30 June 2022, the Company paid withholding tax of US$351,000 in relation to share options exercised in the previous financial year. The withholding tax expense was recorded in share premium account. (vii) The Company repurchased 17,084,600 of its own shares on the Hong Kong Stock Exchange for a consideration of approximately US$47,603,000. 8,847,800 shares have been cancelled before the reporting date of 30 June 2022 and 8,236,800 shares were cancelled subsequent to the reporting date in July 2022, the amount paid for the purchase of the shares has been charged to share capital and share premium. R E A C H I N G N E W H E I G H T S 82
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