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208
STANDING DOCUMENT /
Share capital
DESCRIPTION OF SHARE TYPES
On 31.12.2014, Cofinimmo had issued 17,339,423 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 pref-
erence 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 respectively 5.90% and 6.10% compared to the subscription
price or a net yield of respectively 4.43% and 4.58% 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 ten days of each quarter, at
a rate of one new ordinary share for one preference share (see
also page 211);
•
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 purchase 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
From 22.03.2014 to 31.03.2014
100
23
From 21.06.2014 to 30.06.2014
29
From 21.09.2014 to 30.09.2014
305
From 22.12.2014 to 31.12.2014
1,740
AUTHORISED CAPITAL
At 31.12.2014, the authorised capital amounted to €537,259,480.91
(see Note 30 of this Annual Financial Report).
CHANGES IN TREASURY SHARES
(OWN SHARES)
The number of treasury shares held by the Cofinimmo Group at
01.01.2014 amounted to 48,917. All these shares are entitled to a
share in the results of the financial year starting 01.01.2014.
The number of treasury shares held by the Cofinimmo Group on
31.12.2014 came to 54,414 (held by Cofinimmo SA/NV), which repre-
sents a level of self-ownership of 0.30%.
POSITION AT 01.01.2014
48,917
Transfers and disposals of shares within the stock
option plan reserved for employees during the first
half of 2014
-1,612
Purchase of shares from shareholders having
exercised their exit right
+9,489
Transfers and disposals of shares within the stock
option plan reserved for employees during the
second half of 2014
-2,380
POSITION AT 31.12.2014
54,414
SHAREHOLDING
The shareholding structure is set out in the chapter “Cofinimmo in
the Stock Market” of this Annual Financial Report. It can also be con-
sulted on the Company’s website
www.cofinimmo.com.