Boskalis jaarverslagen 2011

4. Issued capital and share premium

The authorized share capital of € 240 million is divided into 150,000,000 ordinary shares with a par value of € 0.80 each and 50,000,000 cumulative protective preference shares with a par value of € 2.40 each.

Issued capital increased by 2,497,479 ordinary shares in the course of 2011 as a result of the distribution of stock dividend.

(in number of shares)   2011   2010
         
On issue and fully paid at January 1   100,974,263   98,651,289
Stock dividend   2,497,479   2,322,974
On issue and fully paid at December 31   103,471,742   100,974,263

The issued capital as at December 31, 2011 consists of 103,471,742 ordinary shares with a par value of € 0.80 each and consequently amounts to € 82.8 million (2010: € 80.8 million).

Of the issued capital as at December 31, 2011, six ordinary shares were owned by Royal Boskalis Westminster N.V.

The as yet unexercised option right to take cumulative protective preference shares in Royal Boskalis Westminster N.V. has been assigned to the Stichting Continuïteit KBW.

Share premium comprises additional paid-in capital exceeding the par value of outstanding shares. Share premium is distributable free of tax.

 

Added to My report add to My report Source: Annual report 2011, page 117