![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vision OP China | LSE:VOC | London | Ordinary Share | GG00B28DJ748 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.115 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
10. Revenue reserve:
1 October 2009 1 October 2010 to 1 October 2009 to 30 September to 31 March 2011 2010 31 March 2010 -------------- -------------- -------------- US$ US$ US$ Opening revenue reserve 78,054,481 74,080,421 74,080,421 Total comprehensive income for the period (63,563,574) 3,974,060 43,477,438 -------------- -------------- -------------- Closing revenue reserve 14,490,907 78,054,481 117,557,859 -------------- -------------- --------------
11. Share Capital:
31 March 2011, 30 September 2010 & 31 March 2011 ------------------ Authorised Share Capital: US$ Unlimited shares of no par value that may be - issued as Ordinary Shares ------------------ 1 October 2009 1 October 2010 to 1 October 2009 to 30 September to 31 March 2011 2010 31 March 2010 -------------- -------------- -------------- Allotted, Issued and Fully Paid: No. No. No. Brought forward 66,189,574 66,189,574 66,189,574 Repurchased Ordinary Shares cancelled (900,000) - - Carried forward 65,289,574 66,189,574 66,189,574 -------------- -------------- -------------- 1 October 2009 1 October 2010 to 1 October 2009 to 30 September to 31 March 2011 2010 31 March 2010 -------------- -------------- -------------- Share Capital: US$ US$ US$ Share capital brought forward 61,259,952 64,569,430 64,569,430 Capital distribution (1,440,000) (3,309,478) - Share capital on repurchase of Ordinary Shares held in treasury of during the period/year 1,440,000 - - Share capital on cancellation Ordinary Shares held in treasury of during the period/year (1,440,000) - - -------------- -------------- -------------- Share capital carried forward 59,819,952 61,259,952 64,569,430 -------------- -------------- --------------
On 14 December 2010, in accordance with the Company's buy-back programme in relation to it's distribution policy in respect of the year ended 30 September 2010, the Company acquired 900,000 Ordinary Shares from Shareholders for an aggregate price of US$1.44 million. On 17 December 2010, those Ordinary Shares that were being held in treasury were cancelled. Following the cancellation, as at 31 March 2011, the number of issued Ordinary Shares was 65,289,574.
On 28 May 2010, in accordance with the Company's distribution policy, the Company paid to Shareholders (on the register as at close of business on 7 May 2010) a return of capital of 5 cents per Ordinary Share, amounting to US$3.31 million in aggregrate. As at 30 September 2010 the remaining amount to be distributed to Shareholders in relation to the year ended 30 September 2010 was US$1.44 million.
The Company's authorised capital structure comprises an unlimited number of shares of no par value.
Ordinary Shareholders have the following rights:
(i) Dividends
During the period Shareholders (other than the Company itself where it holds its own Ordinary Shares as treasury Ordinary Shares) are entitled to receive, and participate in, any dividends or other distributions out of the profit of the Company available for dividend and resolved to be distributed in respect of any accounting period or other income or right to participate therein.
(ii) Winding up
On a winding up, Shareholders (other than the Company itself where it holds its own Ordinary Shares as treasury Ordinary Shares) shall be entitled to the surplus assets remaining after payment of all the creditors of the Company.
(iii) Voting
Shareholders (other than the Company itself where it holds its own Ordinary Shares as treasury Ordinary Shares) shall have the right to receive notice of and to attend and vote at general meetings of the Company and each Shareholder being present in person or by proxy or by a duly authorised representative (if a corporation) at a meeting shall upon a show of hands have one vote and upon a poll each such holder present in person or by proxy or by a duly authorised representative (if a corporation) shall have one vote in respect of every Ordinary Share held by him.
B Redeemable Preference Shares
Proceeds from the issue of B Redeemable Preference Shares in the GPCo are classified as debt in these financial statements in accordance with IFRS and have the following special rights:
a) At any time the B Redeemable Preference Shareholders of the GPCo shall be entitled on liquidation of the GPCo to a sum equal to any undistributed vested performance allocation, due from the Limited Partnership, plus any amounts due to the Company under the Limited Partnership Agreement allocated between such Shareholders pro rata to the number of B Redeemable Preference Shares they hold at the date of distribution in priority to any other distributions on the A Ordinary Shares of the GPCo.
b) Subject to the provisions of the Law, on each annual NAV publication date, of the Limited Partnership, an amount equal to any undistributed vested performance allocation, in the Limited Partnership, shall become distributable to the B Redeemable Preference Shareholders of the GPCo.
c) Should the Company be unable to pay a dividend equal to any undistributed vested performance allocation, due from the Limited Partnership, in accordance with (b) above, the Company shall pay a maximum dividend it is permitted to pay to the B Redeemable Preference Shareholders of the GPCo and the remainder of the undistributed vested performance allocation shall be dealt with in accordance with (d) below.
d) In relation to any remaining undistributed vested performance allocation, any B Redeemable Preference Shareholders of the GPCo may deliver an election in writing to the GPCo (the "Election") requesting that the GPCo redeems one of the B Redeemable Preference Shares held by the B Redeemable Preference Shareholder for a cash payment representing the Shareholder's share of the greater of (i) the undistributed vested performance allocation at that time and (ii) the maximum amount payable by the GPCo under the Law, such share to be calculated on the basis of the proportion calculated by dividing the number of B Redeemable Preference Shares held by such a Shareholder prior to any redemptions by that Shareholder pursuant under this section by the number of B Redeemable Preference Shares in issue prior to any redemptions pursuant under this clause by any Shareholder. Subject to the provisions of the Law, the GPCo shall then redeem such B Redeemable Preference Shares accordingly within two business days of receipt of the election and shall within one month thereafter give notice in writing of such redemption to the Guernsey Registry.
e) The B Redeemable Preference Shares shall have no voting rights, save where any undistributed vested performance allocation remains outstanding for more than 5 business days when each B Redeemable Preference Share in the GPCo shall carry 10 votes at any general meeting of the GPCo.
f) The B Redeemable Preference Shareholders have the sole economic rights to the performance allocation to which the Company is entitled under the terms of the limited partnership agreement and the return on the US$100,000 capital invested by the B Redeemable Preference Shareholders for the B Redeemable Preference Shares.
C Ordinary Share
A C Ordinary Share in GPCo was issued to VCA to enable it to comply with certain capital adequacy requirements. The Share carries no rights to vote at general meetings, no rights to dividends or other distributions (including on a return of capital) and only the right to receive GBP10,000 on a liquidation or winding up of GPCo. The value of the C Ordinary Share is classified as minority interest in these financial statements.
12. NAV per Ordinary Share:
The NAV per Ordinary Share is based on the net assets attributable to Ordinary Shareholders of US$74,310,859, after adjusting for minority interest, (30 September 2010: US$139,314,433 & 31 March 2010: US$182,127,289) and on the Ordinary Shares at the period end in issue of 65,289,574 (30 September 2010 & 31 March 2010: 66,189,574).
13. Dividend:
The Directors do not recommend the payment of a dividend for the period ended 31 March 2011 (31 March 2010: US$Nil).
14. Distribution:
1 Year Vision OP China Chart |
1 Month Vision OP China Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions