NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 20. Share capital 2018 2017 2018 2017 Number of shares $’000 $’000 Shareholders’ Fund Authorised: 100,000,000 shares of $10 each 100,000,000 100,000,000 1,000,000 1,000,000 Common Shares 2018 2017 2018 2017 Number of shares $’000 $’000 Issued and fully paid common shares: At 1 January 98,808,267 65,784,838 988,083 657,848 Issue of shares 174,930 33,112,202 1,749 331,122 Conversion to Permanent Shares (66,058,822) – (660,588) – Redemption of shares (145,296) (88,773) (1,453) (887) At 31 December 32,779,079 98,808,267 327,791 988,083 2018 2017 2018 2017 Issue of shares Number of shares $’000 $’000 Shares issued to employees for long service award 19,510 23,610 195 236 Shares issued for cash in respect of new subscriptions 155,420 33,088,592 1,554 330,886 174,930 33,112,202 1,749 331,122 Permanent Shares 2018 2017 2018 2017 Number of shares $’000 $’000 Issued and fully paid permanent shares: At 1 January – – – – Issue of shares – – – – Conversion from Common Shares 66,058,822 – 660,588 – Redemption of shares – – – – At 31 December 66,058,822 – 660,588 – 2018 2017 2018 2017 Issue of shares Number of shares $’000 $’000 Shares issued for cash in respect of new subscriptions – – – – – – – – The newly issued shares rank pari passu in respect of distribution of dividends and bonus shares with the existing shares. 122 HAND IN HAND