183 / 222
179
Ordinary shares
Convertible
preference shares
Total
(x €1,000)
2014
2013
2014
2013
2014
2013
Capital
AT 01.01
906,099
821,058
36,726
36,764
942,825
857,822
Own shares sold/(purchased) - net
-294
56,635
-294
56,635
Issued as a result
of the optional dividend
20,536
28,368
20,536
28,368
Conversion of preference shares
into ordinary shares
117
38
-117
-38
AT 31.12
926,458
906,099
36,609
36,726
963,067
942,825
Share premiums
AT 01.01
335,799
293,243
36,311
36,349
372,110
329,592
Own shares sold/(purchased) - net
-326
27,014
-326
27,014
Issued as a result
of the optional dividend
12,229
15,504
12,229
15,504
Conversion of preference shares
into ordinary shares
116
38
-116
-38
AT 31.12
347,818
335,799
36,195
36,311
384,013
372,110
Categories of shares
The Group issued two categories of shares:
Ordinary shares:
the holders of ordinary shares are entitled to receive
dividends when these are declared and are entitled to one vote per
share at the General Shareholders’ Meetings of the company. The
par value of each ordinary share is €53.59 at 31.12.2014. The ordinary
shares are listed on the First Market of Euronext Brussels.
Convertible preference shares:
the preference shares were issued
in 2004 in two distinct series which both feature the following main
characteristics:
•
priority right to an annual fixed gross dividend of €6.37 per
share, capped at this level and non-cumulative;
•
priority right in case of liquidation to a distribution equal to the
issue price of these shares, capped at this level;
•
option for the holder to convert his preference shares into
ordinary shares from the fifth anniversary of their issue date
(01.05.2009), at a rate of one ordinary share for one preference
share;
•
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,
from the 15th 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 preference shares was issued at €107.89 and the
second at €104.40 per share. The par value of both series stands at
€53.33 per share.
Shares held by the Group:
at 31.12.2014, the Group held 54,414 ordi-
nary shares (also see page 102) (31.12.2013: 48,917).
Authorised capital
On 29.03.2011, the General Shareholders’ Meeting authorised the
Board of Directors to issue new capital for €799,000,000 and for a
period of five year. At 31.12.2014, the Board of Directors has made use
of this authorisation for a total amount of €261,740,519.09. Hence,
the remaining authorised capital amounts to €537,259,480.91 at that
date. This authorised capital is based on the par value of €53.33 per
share before 31.12.2007 and €53.59 per ordinary share subsequently.