Year ended 31 December 2013
43
32 Share Capital
Share Capital Bank
Number of shares millions 2013
2012
Balance at 1 January 2,241
2,181 Issue of shares
- 60
Balance at 31 December 2,241
2,241 The balance includes the following:
2,233,102,635 ordinary shares Note 32.1 2,233
2,233 6,800 4.70 Non-Cumulative, Non-Convertible, Non-Voting Preference Shares Callable in 2020
Note 32.2 8,000,000 4.70 Non-Cumulative, Non-Convertible, Non-Voting Preference Shares Callable in 2020
Note 32.3 8
8 Total number of shares millions
2,241 2,241
Total Share Capital in millions 17,096
17,096
Amount under 500,000
32.1 The ordinary shares are fully paid-up and do not have par value
.
There is no new issuance of shares in 2013. In
2012, the Bank issued 60 million ordinary shares for a total cash consideration of 900 million. The newly issued shares rank pari passu in all respect with the previously issued shares.
32.2 1,700 million 4.7 non-cumulative non-convertible non-voting preference shares callable in 2020 with a liquidation
preference of 250,000 each, was issued on 22 October 2010 by the Bank to third parties. Dividends, if declared by the Board of Directors of the Bank, are payable semi-annually on 22 April and 22 October at a fixed rate of 4.7
per annum. These instruments are in the first instance ineligible as capital instruments under Basel III rules as they lack provisions for conversion to ordinary shares or write-down at the point of non-viability as determined by the
Monetary Authority of Singapore, but are accorded partial eligibility as Tier 1 capital for calculating capital adequacy ratios under the Basel III transitional arrangements for capital instruments issued prior to 1 January 2013.
32.3 800 million 4.7 non-cumulative non-convertible non-voting preference shares callable in 2020 with a liquidation
preference of 100 each, was issued on 22 November 2010 by the Bank to third parties .
Dividends, if declared by the Board of Directors of the Bank, are payable semi-annually on 22 May and 22 November at a fixed rate of 4.7
per annum. These instruments are in the first instance ineligible as capital instruments under Basel III rules as they lack provisions for conversion to ordinary shares or write-down at the point of non-viability as determined by the
Monetary Authority of Singapore, but are accorded partial eligibility as Tier 1 capital for calculating capital adequacy ratios under the Basel III transitional arrangements for capital instruments issued prior to 1 January
2013.
For more information on each instrument, please refer to “Capital Instruments” section at the Group’s website http:www.dbs.cominvestorpreferencesharesdefault.aspx
unaudited.
33 Other Reserves and Revenue Reserves
33.1 Other reserves
