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2008/09 Annual Report Lenovo Group Limited
132
NOTES TO THE FINANCIAL STATEMENTS (Continued)
30 Share capital
2009 2008
Number of Number of
shares HK$’000 shares HK$’000
Authorized:
At the beginning and end of the year
Ordinary shares 20,000,000,000 500,000 20,000,000,000 500,000
Series A cumulative
convertible preferred shares 3,000,000 27,525 3,000,000 27,525
527,525 527,525
Number of Number of
shares US$’000 shares US$’000
Issued and fully paid:
Voting ordinary shares:
At the beginning of the year 8,888,786,650 28,496 8,517,981,022 27,301
Conversion from Series A cumulative
convertible preferred shares – – 350,459,078 1,130
Conversion from non-voting
ordinary shares
1 375,282,756 1,203 – –
Exercise of share options (Note 30(b)(ii)) 24,948,000 80 90,436,550 290
Repurchase of shares 2 (77,628,000) (249) (70,090,000) (225)
At the end of the year 9,211,389,406 29,530 8,888,786,650 28,496
Non-voting ordinary shares:
At the beginning of the year 375,282,756 1,203 375,282,756 1,203
Conversion to voting ordinary shares 1 (375,282,756) (1,203) – –
At the end of the year – – 375,282,756 1,203
Issued and fully paid ordinary shares 9,211,389,406 29,530 9,264,069,406 29,699
Issued and fully paid Series A cumulative
convertible preferred shares (Note 29(d)):
At the beginning of the year 1,774,999 2,081 2,730,000 3,211
Conversion to voting ordinary shares – – (955,001) (1,130)
At the end of the year 1,774,999 2,081 1,774,999 2,081
1 On May 15, 2008, all non-voting ordinary shares have been converted into 375,282,756 voting ordinary shares.
2 For the year ended March 31, 2008, included in the 70,090,000 shares were 18,936,000 shares repurchased in March
2008 that were subsequently cancelled in April 2008.