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DESCRIPTION OF SHARE TYPES
On 31.12.2013, Cofinimmo had issued 17,642,684 ordinary shares. In order to
modify their rights, the procedure referred to in the Articles of Association,
as provided by Law, is applicable.
In addition to ordinary shares, Cofinimmo issued two series of preference
shares in 2004. The main features of the preference shares are:
•
priority right to an annual fixed gross dividend of €6.37 per share,
capped at this amount, which represents a gross yield of 5.90%
compared to the subscription price or a net yield of 4.43% after the
deduction of the 25% withholding tax;
•
priority right in case of liquidation to a distribution equal to the issue
price, capped at this amount;
•
option for the holder to convert preference shares into ordinary
shares starting from the fifth anniversary of their issue date
(01.05.2009) and during the last tem days of each quarter, at a rate
of one new ordinary share for one preference share (see also page
207);
•
option for a third party designated by Cofinimmo (for example, one
of its subsidiaries) to purchase in cash and at their issue price the
preference shares that have not yet been converted, starting from
the fifteenth anniversary of their issue date;
•
the preference shares are registered, listed on the First Market of
Euronext Brussels and carry a voting right identical to that of the
ordinary shares.
The first series of 702,490 preference shares (on Euronext: COFP1) was
issued on 30.04.2004, the second series of 797,276 shares (on Euronext:
COFP2) on 26.05.2004. The characteristics of these series of preference
shares are identical, with the exception of the issue price (€107.89 for the
COFP1 shares vs. €104.44 for the COFP2 shares) which represents the pur-
chase price.
EVOLUTION OF THE CONVERSION OF
PREFERENCE SHARES INTO ORDINARY SHARE
Converted
COFP1
shares
Converted
COFP2
shares
From 01.05.2009 to 10.05.2009
28,348
45,578
From 21.06.2009 to 30.06.2009
81,743
10,083
From 21.09.2009 to 30.09.2009
933
From 22.12.2009 to 31.12.2009
2,794
3,594
From 22.03.2010 to 31.03.2010
7,399
47,285
From 20.06.2010 to 30.06.2010
20,000
398
From 20.09.2010 to 30.09.2010
400
1,693
From 22.12.2010 to 31.12.2010
79
129
From 22.03.2011 to 31.03.2011
305
From 21.06.2011 to 30.06.2011
404
From 21.09.2011 to 30.09.2011
439
From 22.12.2011 to 31.12.2011
48,430
131,923
From 22.03.2012 to 31.03.2012
47,500
193,592
From 21.06.2012 to 30.06.2012
97
From 21.09.2012 to 30.09.2012
70,599
66,475
From 22.12.2012 to 31.12.2012
149
From 22.03.2013 to 31.03.2013
50
From 21.06.2013 to 30.06.2013
84
From 21.09.2013 to 30.09.2013
From 22.12.2013 to 31.12.2013
581
AUTHORISED CAPITAL
At 31.12.2013, the authorised capital amounted to €557,795,920.47. The
cases in which the Board of Directors had to call on the authorised cap-
ital are detailed under the chapter “Corporate Governance Statement” of
this Annual Financial Report.
CHANGES IN TREASURY SHARES
(OWN SHARES)
The number of treasury shares held by the Cofinimmo Group at 01.01.2013
amounted to 1,105,750. All these shares are entitled to a share in the results
of the financial year starting 01.01.2013.
In 2013, the company sold 1,054,438 ordinary Cofinimmo shares, of which
989,413 via an accelerated bookbuilding offering.
The number of treasury shares held by the Cofinimmo Group on 31.12.2013
thus came to 48,917 (held by Cofinimmo SA/NV), which represents a level
of self-ownership of 0.28%.
Position at 01.01.2013
1,105,750
Disposals during the first half of 2013
-1,054,438
Transfers and disposals of shares within the stock option
plan reserved for employees during the first half of 2013
-1,845
Transfers and disposals of shares within the stock option
plan reserved for employees during the second half of
2013
-550
Position at 31.12.2013
48,917
SHAREHOLDING
The shareholding structure is set out in the chapter “Cofinimmo in the
Stock Market” of this Annual Financial Report. It can also be consulted on
the company’s website
www.cofinimmo.com.
Standing Document /
Share Capital
204
/