Cemex 2013 Annual Report Download - page 109

Notes to the consolidated financial statements
DuringDecember2013,theCompany’smanagementapprovedrestitutiontotheconsolidatedlineitemof“Retainedearnings”for$35,667,
bymeansoftransferwithchargetothelineitemof“Additionalpaid-incapital”.Thistransferrepresentsareclassicationbetweenlineitems
withinCEMEX’sconsolidatedstockholders’equitythatdoesnotaffectitsconsolidatedamount.
AsofDecember31,2013and2012,thecommonstockofCEMEX,S.A.B.deC.V.wasrepresentedasfollows:
2013 2012
Shares 1 Series A 2 Series B 3 Series A 2 Series B 3
Subscribedandpaidshares 22,847,063,194 11,423,531,597 21,872,295,096 10,936,147,548
Unissuedsharesauthorizedforstockcompensationprograms 1,055,956,580 527,978,290 1,155,804,458 577,902,229
Sharesthatguaranteetheissuanceofconvertible4 6,408,438,520 3,204,219,260 6,162,438,520 3,081,219,260
Sharesauthorizedfortheissuanceofstockorconvertible5 4,146,404 2,073,202 4,146,404 2,073,202
   30,315,604,698 15,157,802,349 29,194,684,478 14,597,342,239
1 AsofDecember31,2013and2012,13,068,000,000sharescorrespondtothexedportion,and32,405,407,047sharesin2013,30,724,026,717shares
in2012,correspondtothevariableportion.
2 Series“A”orMexicansharesmustrepresentatleast64%ofCEMEX’scapitalstock.
3 Series“B”orfreesubscriptionsharesmustrepresentatmost36%ofCEMEX’scapitalstock.
4 Sharesthatguaranteetheconversionofboththevoluntaryandmandatorilyconvertiblesecurities(note16B).
5 Sharesauthorizedfortheissuanceofstockthroughapublicofferorthroughtheissuanceofconvertiblesecurities.
OnMarch21,2013,stockholdersattheannualordinaryshareholders’meetingapprovedresolutionsto:(i)increasethevariablecommon
stockthroughthecapitalizationofretainedearningsbyissuingupto1,312.3millionshares(437.4millionCPOs),whichshareswereissued,
representinganincreaseincommonstockofapproximately$4,consideringanominalvalueof$0.00833perCPO,andadditionalpaid-in
capitalofapproximately$5,987;(ii)increasethevariablecommonstockbyissuingupto369millionshares(123millionCPOs),whichwillbe
keptinCEMEX’streasurytobeusedtopreservetheanti-dilutiverightsofnoteholderspursuantCEMEX’sconvertiblesecurities(note16B).
Also,onMarch21,2013,stockholdersattheextraordinaryshareholders’meetingapprovedresolutionspursuanttowhichalloranypartof
thesharescurrentlykeptinCEMEX’streasuryasaguaranteeforthepotentialissuanceofsharesthroughCEMEX’sconvertiblesecuritiesmay
bere-allocatedtoensuretheconversionrightsofanynewconvertiblesecuritiesifanynewconvertiblesecuritiesareissued.
OnFebruary23,2012,stockholdersattheannualordinaryshareholders’meetingapprovedresolutionsto:(i)increasethevariablecommon
stockthroughthecapitalizationofretainedearningsbyissuingupto1,256.4millionshares(418.8millionCPOs),whichshareswereissued,
representinganincreaseincommonstockofapproximately$3.4,consideringanominalvalueof$0.00833perCPO,andadditionalpaid-in
capitalofapproximately$4,133.8;(ii)increasethevariablecommonstockbyissuingupto345millionshares(115millionCPOs),whichwill
bekeptinCEMEX’streasurytobeusedtopreservetheanti-dilutiverightsofnoteholderspursuantCEMEX’sconvertiblesecurities(note
16B);(iii)thecancellationof5,122milliontreasuryshares,whichwerenotsubjecttopublicofferorconvertiblenotesissuanceinthe24
monthsperiodauthorizedbytheextraordinaryshareholdersmeetingheldonSeptember4,2009;and(iv)increasethevariablecommon
stockbyissuingupto1,500millionshares(500millionCPOs)whichwillbekeptinCEMEX’streasuryandusedtobesubscribedandpaid
pursuanttothetermsandconditionsofCEMEX’slong-termcompensationstockprogram(note21),withouttriggeringtheshareholders’
preemptiverights.
OnFebruary24,2011,stockholdersattheextraordinaryshareholders’meetingapprovedanincreaseinthevariableportionoftheParent
Company’scapitalstockofupto6billionshares(2billionCPOs).PursuanttotheresolutionapprovedbyCEMEX,S.A.B.deC.V.’sstockholders,
thesubscriptionandpaymentofthenewsharesmayoccurthroughapublicofferofCPOsand/ortheissuanceofconvertiblesecurities.These
sharesarekeptinCEMEX’streasuryasaguaranteeforthepotentialissuanceofsharesthroughCEMEX’sconvertiblesecurities(note16B).
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