Share capital

Share capital and shares, 31 Dec 2019
Share capital €: 146,446,888
Number of shares: 73,206,944

Changes in share capital in 2004 - 2019

Date Cause Change, € Share capital, € No. of shares
7 May 2007 Reduction (invalidation of own shares) - 146,446,888 73,206,944
16 March 2006 Reduction (invalidation of own shares) 2,320,000 146,446,888 73,223,444
15 March 2005 Reduction (invalidation of own shares) 874,000 148,766,888 74,383,444
19 November 2004 Increase (bonus issue 1:1) 74,820,444 149,640,888 74,820,444
23 September 2004 Increase (stock options) 348,000 74,820,444 37,410,222
28 April 2004 Increase (stock options) 216,000 74,472,444 37,236,222
22 March 2004 Reduction (invalidation of own shares) 1,120,000 74,256,444 37,128,222
19 January 2004 Increase (stock options) 542,000 75,376,444 37,688,222
1 January 2004 74,834,444 37,417,222

Board authorisations

Repurchase of own shares: The AGM of 16 March 2020 authorised the Board of Directors to resolve on the repurchase of no more than 3,500,000 of the company’s own shares amounting in total to approximately 4.8 per cent of the total number of the shares of the company at the date of the general meeting. These shares will be bought back using distributable earnings from unrestricted equity. The authorisation is valid until the end of the next Annual General Meeting, however, no longer than 18 months from the date of the general meeting.

Share issue: The AGM of 16 March 2020 authorised the Board to resolve on issuing a maximum of 7,200,000 new shares or transferring the company’s own shares, amounting in total to approximately 9.8 per cent of the total number of the shares of the company. The Board of Directors is authorised to resolve on all the conditions of the issuance of shares. This authorisation is valid until the end of the next Annual General Meeting, however, no longer than 18 months from the date of the general meeting.

On 12 February 2020, the Board decided on transferring the company’s own shares as specified in the rules of the LTI plan 2017–2019. A total of 34,561 were transferred to 19 plan members on 21 February 2019.

Own shares
The company holds 184,966 of its own shares.