Share Capital And Treasury Shares

12 Months Ended

Apr. 30, 2023

26.	SHARE CAPITAL AND TREASURY SHARES

The share capital as at April 30, 2022 and 2023 represented the issued share capital of the Company.



	Class A ordinary shares						Class B ordinary shares						Total					Treasury shares— Class B ordinary shares
	Number of shares			Share capital			Number of shares			Share capital			Number of shares			Share capital		Number of shares			Share capital
				US$						US$						US$					US$
Ordinary shares of US$0.0001 each
Authorized
At April 30, 2022 and 2023		8,000,000,000			800			2,000,000,000			200			10,000,000,000			1,000		N/A			N/A

Issued and fully paid
At May 1, 2020		10,726,667			1			38,800,000			4			49,526,667			5		—			—
Issuance of shares (notes (a) and (e))		17,350,000			2			—			—			17,350,000			2		—			—
Share-based compensation (note (b))		38,710			—			—			—			38,710			—		—			—
Acquisitions of subsidiaries (note (c))		702,765			—			—			—			702,765			—		—			—
Transfer of shares (note (d))		14,598,000			1			(14,598,000	)		(1	)		—			—		—			—

At April 30, 2021		43,416,142			4			24,202,000			3			67,618,142			7		—			—
Transfer of shares (note (f))		(41,448,000	)		(4	)		41,448,000			4			—			—		—			—

At April 30, 2022		1,968,142			—			65,650,000			7			67,618,142			7		—			—
Issuance of shares (note (g))		8,960,000			1			—			—			8,960,000			1		—			—
Shares repurchases (note (h))		—			—			(616,346	)		—			(616,346	)		—		616,346			318,882
Acquisition of subsidiaries (note (i))		—			—			515,385			—			515,385			—		(515,385	)		(266,647	)

At April 30, 2023 (note (j))		10,928,142			1			65,549,039			7			76,477,181			8		100,961			52,235

Notes:

(a)

Between May 13, 2020 and August 3, 2020, the Company issued 350,000 shares of Class A ordinary shares to third party investors for an aggregate consideration of US$3,500.

(b)

On August 3, 2020, the Company granted 38,710 shares of Class A ordinary shares with an aggregated grant date fair value of US$481, which has a vesting period of 3 years, to a personnel of the Company. Please see note 31 for details.

(c)

The Company issued 702,765 Class A ordinary shares to certain shareholders of PolicyPal, together with a cash consideration, in exchange for 51% of the equity interest of PolicyPal on August 3, 2020. Details of the acquisition of subsidiary are set out in note 14(b).

(d)

On June 26, 2020, the then immediate holding company of the Company, AMTD Group, converted its 14,598,000 Class B ordinary shares to Class A ordinary shares. AMTD Group then transferred its 2,441,000 Class A ordinary shares to AMTD Assets Alpha Group, a fellow subsidiary of the Company, 2,441,000 Class A ordinary shares to AMTD Education Group, a fellow subsidiary of the Company, and 9,716,000 Class A ordinary shares to AMTD IDEA Group, respectively.

(e)

On March 8, 2021, the Company issued 8,500,000 Class A ordinary shares to AMTD Assets Alpha Group, a fellow subsidiary of the Company, and 8,500,000 Class A ordinary shares to AMTD Education Group, a fellow subsidiary of the Company, for cash considerations of US$85,000 and US$85,000, respectively.

(f)

On February 23, 2022, 41,448,000 Class A ordinary shares of the Company held by AMTD IDEA Group were returned and canceled with 41,448,000 Class B ordinary shares issued to AMTD IDEA Group.

(g)

During year ended April 30, 2023, the Company issued

(i)

1,600,000 Class A ordinary shares to a third party investor, for cash considerations of US$100,000

, and (ii) 7,360,000 Class A ordinary shares as part of its initial public offering in July 2022 with net proceeds of US$129,186.

The total shares issued during the year ended April 30, 2023 amounted to US$229,186, net of

total

issuance cost incurred.

(h)

During the year ended April 30, 2023, the Company repurchased 616,346 Class B ordinary shares from the immediate holding company, amounting to US$318,882.

(i)

The Company acquired 96.1% of the equity interest in AMTD Assets on February 6, 2023 for which the consideration is settled by 515,385 treasury shares — Class B ordinary shares. See note 14(a) for details.

(j)

The number of Class A ordinary shares of the Company at April 30, 2023 included 38,710 unvested Class A ordinary shares as detailed in note 31. The outstanding and vested Class A ordinary shares of the Company at April 30, 2023 is 10,889,432 shares.