99 AGL Energy Limited Annual Report 2012 (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. 2012  $m 2011  $m Note 33 – Other liabilities (non-current) Defined benefit superannuation plan liability (Note 48) 223.6  40.6  Deferred revenue – other 12.5  6.7  Other 12.5  6.9  248.6  54.2 Note 34 – Issued capital 545,861,083 fully-paid ordinary shares (2011: 461, 311,732) 5,227.3  4,244.6 2012  2011  Number  $m  Number  $m  Movement in fully-paid ordinary shares Balance at beginning of financial year 461,311,732  4,244.6  450,076,509  4,066.7  Shares issued under AGL Dividend Reinvestment Plan (a)(b) 6,505,209  92.4  4,251,051  61.9  Shares issued under the institutional and retail rights offers (c) 78,044,142  905.3  –  –  Shares issued for acquisition of subsidiary –  –  6,984,172  116.0  Transaction costs relating to the institutional and retail rights offers (21.5) –  Deferred tax credit recognised directly in equity 6.5  –  Balance at end of financial year 545,861,083  5,227.3  461,311,732  4,244.6