Westjet 2000 Annual Report Download - page 32

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6. Share capital:
The non-voting common shares and the non-voting preferred shares are subject to limitations to be
fixed by the directors of the Corporation.
(a) Authorized:
Unlimited number of voting common shares
700,000 non-voting performance shares
Unlimited number of non-voting shares
Unlimited number of non-voting first, second and third preferred shares
(b) Issued:
2000 1999
Number Amount Number Amount
Common shares:
Balance, beginning of year 40,955,999 $ 69,604 35,006,295 $ 39,523
Common share issue 2,420,000 54,450 4,125,000 27,500
Conversion of performance
shares 501,640 10 155,253 3
Exercise of options 1,120,944 2,664 1,117,158 2,138
Employee share purchase plan — — 555,372 1,742
Share issuance costs — (2,369) — (2,356)
Tax benefit of issue costs — 1,031 — 1,059
Cancellation of shares — — (3,079) (5)
44,998,583 125,390 40,955,999 69,604
Less: Due from shareholder — — — (575)
Balance, end of year 44,998,583 125,390 40,955,999 69,029
Performance shares:
Balance, beginning of year 333,644 10 437,146 13
Conversion of performance
shares (333,644) (10) (103,502) (3)
Balance, end of year — — 333,644 10
$ 125,390 $ 69,039
(c) Stock split:
On May 12, 2000, the common shares of the Corporation were split on a three for two basis. All
number of shares and per share amounts have been restated to reflect the stock split.
WESTJET AIRLINES LTD.
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
Page30
Daniel is part of our
airport team in Hamilton.
Winnipeg