Note 19 • Share capital
The Company has one class of share capital with an authorised share capital of €102.4 million. All shares have equal rights to dividends and shareholders are entitled to one vote per share at annual and general meetings of the Company. The shares have a par value of €1.25. A reconciliation of the movements in share capital and treasury shares are detailed below:
|
No. of shares |
€’000 |
||
|
Share capital |
|||
|
Balance 31 December 2008 |
56,293,315 |
70,367 |
|
|
Issue of new shares |
(i) |
521,343 |
651 |
|
Balance 31 December 2009 |
56,814,658 |
71,018 |
|
|
Issue of new shares |
(iii) |
65,647 |
82 |
|
Issue of new shares |
(iv) |
99,922 |
125 |
|
Balance 31 December 2010 |
56,980,227 |
71,225 |
Treasury shares
|
Balance at 31 December 2008 |
2,526 |
87 |
|
|
Sale |
(ii) |
(2,526) |
(87) |
|
Balance at 31 December 2009 |
– |
– |
|
|
Balance at 31 December 2010 |
– |
– |
(i) On 25 June and 19 October 2009 the Group issued 409,600 achievement shares at no consideration for the maturity of the 2006 share incentive plan. The issue of these shares amounting to €0.5 million was financed through share premium, as approved by the EGM of 19 May 2008.
On 21 August and 19 October 2009 the Group issued 104,041 and 7,702 shares to respectively Oriflame employees and sales consultants as part of the 2009 share incentive plan. The consideration received was €3.5 million, of which €0.2 million was credited to share capital and €3.3 million was credited to share premium.
(ii) On 29 April 2009 the Group sold treasury shares for a total consideration of €114. Gain was recognised in retained earnings.
(iii) On 29 June and on 30 September 2010 the Group issued 61,670 and 3,977 achievement shares to respectively Oriflame employees and sales consultants at no consideration for the maturity of the 2007 share incentive plan. The issue of these shares amounting to €0.1 million was financed through share premium, as approved by the EGM of 19 May 2008.
(iv) On 30 August and 30 September 2010 the Group issued 94,955 and 4,967 shares to respectively Oriflame employees and sales consultants as part of the 2010 share incentive plan. The consideration received was €3.9 million, of which €0.1 million was credited to share capital and €3.8 million was credited to share premium.