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NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
13. SHARE CAPITAL AND OTHER EQUITY
13.1
SHARE CAPITAL
GROUP AND BANK
Ordinary shares
At 1 January
Shares issued in-lieu of ordinary dividends
Shares issued to non-executive directors
Transfer from share-based reserves
for options and rights exercised (Note 14)
At 31 December
Treasury shares
At 1 January
Share buyback
Share Option Schemes
Share Purchase Plan
Treasury shares transferred to DSP Trust
At 31 December
2017
Shares (’000) 2016
Shares (’000) 2017
$’000 2016
$’000
4,193,729
–
55 4,121,561
72,110
58 14,392,329
–
549 13,803,649
584,054
535
–
4,193,784 –
4,193,729 21,691
14,414,569 4,091
14,392,329
(11,022)
(20,560)
13,133
6,302
5,076
(7,071)
Preference shares
Class M
At 1 January/31 December
1,000,000
(6,086)
(13,614)
1,497
26
7,155
(11,022)
1,000,000
Issued share capital, at 31 December
(285,511)
(223,912)
115,513
62,838
52,850
(278,222)
(243,282)
(117,245)
9,999
246
64,771
(285,511)
1,000,000 1,000,000
15,136,347 15,106,818
The holders of ordinary shares (excluding treasury shares) are entitled to receive dividends as declared from time to time and to one
vote per share at meetings of the Bank. All shares (excluding treasury shares) rank equally with regard to the Bank’s residual assets.
Details of the Bank’s non-cumulative non-convertible preference shares outstanding as at 31 December 2017 are set out in the
table below. Preference dividends are payable semi-annually on 20 June and 20 December, subject to directors’ approval. Preference
shareholders will only be entitled to attend and vote at general meetings of the Bank if dividends have not been paid in full when due
for a consecutive period of 12 months or more.
Preference
shares Issue
date Dividend rate
p.a. Liquidation
value per share Redemption option by the Bank on these dates
Class M 17 Jul 2012 4.0% SGD1 17 Jan 2018; 17 Jul 2022; dividend payment dates after 17 Jul 2022
The issued ordinary shares qualify as Common Equity Tier 1 capital for the Group, while the Class M non-cumulative non-convertible
preference shares qualify as Additional Tier 1 capital for the Group. The 4.0% Class M non-cumulative non-convertible preference shares
were fully redeemed by the Bank on 17 January 2018.
All issued shares were fully paid.

Associates of the Group did not hold shares in the capital of the Bank as at 31 December 2017 and 31 December 2016.
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OCBC ANNUAL REPORT 2017