TMB Annual Report 2020

Annua l Repor t 2020 275 TMB Bank Public Company Limited and its subsidiaries Notes to the financial statements For the year ended 31 December 2020 31.1 The first offering of new ordinary shares On 15 September 2020, the Bank made a first offering of 50,062,500 ordinary shares with a par value of Baht 0.95 per share to its employees, at a price of Baht 0.95 per share. Details were as follows: The offering of new ordinary shares Par value Offering Price The offering of new ordinary shares Ordinary shares issued to employees (1) Balance of new ordinary shares unissued as at 31 December 2020 (Baht/ shares) (shares) The first offering, 2020 0.95 0.95 198,750,000 (50,062,500) 148,687,500 (1) The shares will be gradually issued on an annual basis over three years since the offering of such ordinary shares. 31.2 Reconciliation of issued and paid-up ordinary share capital, share premium and other reserve - shared-based payments Consolidated and Bank only 2020 Other reserve - Issued and paid-up ordinary share capital Share premium share-based payments (No. of shares) (Baht) (Baht) Balance - beginning of the year 96,359,354,380 91,541,386,661 43,217,043,941 - Issued ordinary shares to employees 50,062,500 47,559,375 - 69,562,996 Price adjustment from merger - - 105,071,655 - Expenses in relation to issuance of ordinary shares to employees - - (514,548) - Balance - end of the year 96,409,416,880 91,588,946,036 43,321,601,048 69,562,996