Chrysler 2008 Annual Report Download - page 291

19. Shareholders’ equity
Shareholders’ equity amounted to €12,169,774 thousand at 31 December 2008, an increase of €478,739 thousand as compared to
31 December 2007 resulting mostly from the profit for the year of €1,199,146 thousand net of decreases due to dividend payments
for €509,419 thousand (€0.40 to each ordinary and preference share and €0.555 to each savings share) and share buy-backs for
€238,531 thousand.
Share capital
Share capital amounted to €6,377,263 thousand (fully paid) at 31 December 2008 and was composed as follows:
At At
(no. of shares) 31 December 2008 31 December 2007
Shares issued and fully paid-up
– Ordinary shares 1,092,247,485 1,092,247,485
– Preference shares 103,292,310 103,292,310
– Savings shares 79,912,800 79,912,800
Total shares issued 1,275,452,595 1,275,452,595
All issued shares have a nominal value of €5, with each category having rights as follows.
Each share confers the right to share pro rata in any earnings allocated for distribution and any surplus assets remaining upon a
winding-up, subject to the right of priority of preference and savings shares as described here below.
Each ordinary share confers the right to vote without any restriction whatsoever. Each preference share confers the right to vote
only on matters which are reserved for an Extraordinary Meeting of Shareholders and on resolutions concerning Procedures for
General Meetings. No voting rights are attached to savings shares.
Net profit reported in the annual financial statements of Fiat S.p.A. shall be allocated as follows:
to the legal reserve, 5% of net profit until the amount of such reserve is equivalent to one-fifth of share capital;
to savings shares, a dividend of up to €0.31 per share;
further allocations to the legal reserve, allocations to the extraordinary reserve and/or to retained profit reserve as may be
resolved by Shareholders;
to preference shares, a dividend of up to €0.31 per share;
to ordinary shares, a dividend of up to €0.155 per share;
to savings shares and ordinary shares, in equal amounts, an additional dividend of up to €0.155 per share and;
to each ordinary, preference and savings share, in equal amounts, any remaining profit which Shareholders may resolve to
distribute.
When the dividend paid to savings shares in any year amounts to less than €0.31, the difference shall be added to the preferred
dividend to which they are entitled in the following two years.
Fiat S.p.A. Statutory Financial Statements at 31 December 2008290