Share Capital

5 Months Ended

Sep. 30, 2015

Stockholders' Equity Note [Abstract]

Share Capital

Note 4. Share Capital

ARRIS International's initial share capital consisted of one ordinary share held by ARRIS with a par value of £1 (USD1.49). On August 28, 2015, the ordinary share was subdivided into 100 ordinary shares with a par value of £0.01 (USD0.015) per share and 4,999,900 redeemable shares of £0.01 per share were issued to ARRIS.

Our share capital is comprised of the following at September 30, 2015.

	Shares		Denomination Currency		US$ Equivalent
Allotted and fully paid:
Ordinary shares of £0.01($0.0154) each		100	£	1	$	2
Redeemable shares of £0.01($0.0154) each		4,999,900		49,999		76,998
Total share capital			£	50,000	$	77,000

The redeemable shares are redeemable, subject to and in accordance with the Companies Act 2006 of the U.K., at their nominal value of £50,000, in cash or by full release of the undertaking to pay such nominal amount by ARRIS. Such shares shall be redeemable at the sole discretion of ARRIS International at any time by notice service on ARRIS. The redeemable shares have no right to attend, speak or vote at a meeting and are not entitled to participate in the profits. On a return of capital on a winding up, holders of redeemable shares will be entitled to £0.01 or (USD$0.0154) per redeemable share held.

ARRIS International incurred $2,340 thousand of costs related to the future issuance of ordinary shares that were paid by ARRIS. These costs were recorded as deferred costs in the Consolidated Balance Sheet and will be reclassified to Additional paid-in capital when ARRIS International issues ordinary shares associated with the Combination.