KAMADA LTD | CIK:0001567529 | 3

  • Filed: 3/6/2018
  • Entity registrant name: KAMADA LTD (CIK: 0001567529)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1567529/000117891318000767/0001178913-18-000767-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1567529/000117891318000767/kmda-20171231.xml
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    • ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory

    Note 19: -      Equity

    a.
    share capital
     
       
    December 31, 2017
    		    
    December 31, 2016
    		  
       
    Authorized
    		    
    Outstanding
    		    
    Authorized
    		    
    Outstanding
    		  
                                     
    ordinary shares of NIS 1 par value
    		    
    70,000,000
    		      
    40,262,819
    		      
    70,000,000
    		      
    36,419,842
    		  

    On August 2, 2017 the Company closed a public offering on NASDAQ of 3,333,334 shares at $4.50 per share. As part of the offering, the underwriters received a right to purchase an additional 500,000 ordinary shares to cover over-allotments at the same price per share. This option was fully exercise on August 30, 2017. The Company's total net proceeds from the issuance of the above shares were $15.6 million

    b.
    Rights attached to Shares

    Voting rights at the shareholders general meeting, rights to dividend, rights in case of liquidation of the Company and rights to nominate directors.
     
    c.
    Share options

    During 2017 and 2016, 10,659 and 8,398 share options, respectively, were exercised into 1,988 and 1,101 ordinary shares of NIS 1 par value each for consideration of  $3  thousand and less than $1  thousands, respectively.

    For additional information regarding options and restricted shares granted to employees and management in 2017, refer to Note 20 below.

    d.
    Capital management in the Company
     
    The Company's goals in its capital management are to preserve capital ratios that will ensure stability and liquidity to support business activity and create maximum value for shareholders.