78
JUMBO GROUP LIMITED
Notes to the Combined
Financial Statements
As at 30 September 2015
33
EVENTS AFTER THE REPORTING PERIOD
At an extraordinary general meeting held on 19 October 2015, the shareholders approved, interalia, the following:
(1)
The conversion of the Company into a public company limited by shares and the consequential change of the name to “Jumbo
Group Limited”;
(2)
The adoption of the new articles;
(3)
The sub-division of 1,051,204 shares into 463,929,800 shares following the Restructuring Exercise;
(4)
The allotment and issue of the new shares which are the subject of the invitation. The new shares, when allotted, issued and
fully paid-up, will rank pari passu in all respects with the existing issued and fully paid-up shares;
(5)
The listing and quotation of the shares (including all the issued shares and the new shares) on the Catalist;
(6)
The adoption of the Jumbo Performance Share Plan (“PSP”) and that the Directors be authorised to allot and issue shares upon
the release of awards granted under the PSP; and
(7)
The adoption of the Jumbo Employee Share Option Scheme (“ESOS”) and that the Directors be authorised to allot and issue
option shares upon the exercise of options granted under the ESOS.
On 19 October 2015, JSPL, JEPL and Ng Ah Sio Investments Pte Ltd. declared a conditional interim dividend of approximately
$51.7 million for the financial year ended 30 September 2015. The dividend has been paid on 11 November 2015 to the respective
shareholders then.
On 9 November 2015, the Company was listed on the Catalist Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”).
34
COMPARATIVE FIGURES
The combined financial statements of the Group for the years ended 30 September 2014 and 2015 are prepared based on merger
accounting method as if the Group, who is ultimately controlled collectively by the common shareholders, both before and after the
Restructuring Exercise.
The financial statements of the Company cover the financial period since incorporation on 4 February 2015 to 30 September 2015. This
being the first set of financial statements for the Company, there are no comparative figures.
