The deferred tax balance is analysed as follows:
|
Deferred tax asset £’000 |
Deferred tax liability £’000 |
Total £’000 |
|
|
Recoverable within 12 months |
- |
356 |
356 |
|
Recoverable after 12 months |
- |
999 |
999 |
|
Settled within 12 months |
(85) |
- |
(85) |
|
Settled after 12 months |
(494) |
- |
(494) |
|
(579) |
1,355 |
776 |
Share capital, share premium account and own shares held
|
Allotted and fully paid |
2021 Number |
2020 Number |
|
Ordinary shares of 10p each |
110,805,795 |
110,805,795 |
|
Deferred shares of 4p each |
226,699,878 |
226,699,878 |
|
Rights of shares Ordinary shares The ordinary shares all rank pari passu, have the right to participate in dividends and other distributions made by the Company, and to receive notice of, attend and vote at every general meeting of the Company. On liquidation, ordinary shareholders are entitled to participate in the assets available for distribution pro rata to the amount credited as paid up on such shares (excluding any premium). Deferred shares The deferred shares do not carry voting rights or a right to receive a dividend. The holders of deferred shares will not have the right to receive notice of any general meeting of the Company, nor have any right to attend, speak or vote at any such meeting. The deferred shares will also be incapable of transfer (other than to the Company). In addition, holders of deferred shares will only be entitled to a payment on a return of capital or on a winding up of the Company after each of the holders of ordinary shares has received a payment of £1,000,000 in respect of each ordinary share. Accordingly, the deferred shares will have no economic value. No application will be made for the deferred shares to be admitted to trading on AIM nor to trading on any other stock or investment exchange. Voting Rights 1Spatial Plc has 110,805,795 ordinary shares of 10p in issue, of which a total of 319,635 ordinary shares are held in treasury. Therefore, the total number of ordinary shares with voting rights is 110,486,160*. * In addition, there are deferred consideration shares with an approximate value of €0.03 million (€0.4m at 31 January 2021) due to be issued in March 2023, in relation to the Geomap-Imagis acquisition. See note 16. |
||||
|
Number of shares |
Allotted, called up and fully paid shares £’000 |
Share premium account £’000 |
Own shares held £’000 |
|
|
At 1 February 2019 |
325,731,767 |
18,971 |
28,661 |
(303) |
|
Issue of shares |
11,773,906 |
1,179 |
2,119 |
- |
|
Share issue costs |
- |
- |
(301) |
- |
|
At 31 January 2020 and at 31 January 2021 |
337,505,673 |
20,150 |
30,479 |
(303) |
There was no movement in share capital in the year. In the prior year, of the 11,773,906 shares were issued in the year relating to the Geomap-Imagis acquisition, 9,871,220 were issued for cash which increased share capital by £987,000 and share premium by £2,119,000 before share issue costs of £301,000. The remaining 1,902,686 were issued through acquisition of shares which increased share capital by £192,000 and increased the merger reserve by £435,000.
