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(a) On 29 September 2011, 3,291,932 ordinary shares were issued at $14.20 per share to participating shareholders under the AGL Dividend Reinvestment Plan. 

(b) On 5 April 2012, 3,213,277 ordinary shares were issued at $14.20 per share to participating shareholders under the AGL Dividend Reinvestment Plan. 

(c) On 6 June 2012, 31,286,362 ordinary shares were issued at $11.60 per share to participating institutional shareholders under the institutional rights offer. On 29 June 2012, 46,757,780 ordinary shares were issued at $11.60 per share to participating retail shareholders under the retail rights offer. 

 The terms of the rights offer was one new AGL Energy Limited ordinary share offered for every six existing shares at $11.60 per share. The institutional and retail issues were fully underwritten. The net proceeds from the rights issues of $883.8 million were used to fund the acquisition of the 67.46% of Great Energy Alliance Corporation Pty Limited (GEAC) not previously owned, to allow partial repayment of existing GEAC bank loans, and for general corporate purposes including renewable energy generation. 

 The rights issues were at a discount to the then market price. Accordingly, earnings per share for all periods up to the date on which the shares were issued have been adjusted for the bonus element of the rights issues being 1.0329. The comparative earnings per share for 2011 have been restated accordingly (refer Note 37). 

Ordinary shares entitle the holder to participate in dividends and the proceeds on winding-up of the Parent Entity in proportion to the number of shares held. Every ordinary Shareholder present at a meeting of the Parent Entity, in person or by proxy, is entitled to one vote per share. 

Changes to the then Corporations Law abolished the authorised capital and par value concept in relation to share capital from 1 July 1998. Therefore, the Parent Entity does not have a limited amount of authorised capital and issued shares do not have a par value. 

