DHL 2014 Annual Report Download - page 179

Authorised Capital 
As resolved by the Annual General Meeting on  April , the
Board of Management was authorised, subject to the consent of the
Supervisory Board, to issue up to  million new, no-par value
registered shares until  April  in exchange for cash and /or
non-cash contributions and thereby increase the company’s share
capital. Shareholders generally have subscription rights. e Board
of Management has not made use of such authorisation. Since this
authorisation lapsed on  April , the Annual General Meet-
ing on  May  resolved to replace it with a new authorisation
for the same amount (Authorised Capital ).
Authorised Capital 
As resolved by the Annual General Meeting on  May , the
Board of Management is authorised, subject to the consent of the
Supervisory Board, to issue up to  million new, no-par value
registered shares until  May  in exchange for cash and /or
non-cash contributions and thereby increase the company’s share
capital. Shareholders generally have subscription rights. However,
subject to the approval of the Supervisory Board, the Board of
Management may disapply the shareholders’ subscription rights to
the shares covered by the authorisation.
Deutsche Post ’s Board of Management resolved, with
the consent of the Supervisory Board, to make partial use of the
authorisation granted to it by the Annual General Meeting on
 May  in accordance with article   of the Articles of
Association of Deutsche Post  (Authorised Capital ), to in-
crease Deutsche Post ’s share capital by ,. by issuing
, new no-par value registered shares with a notional interest
in the share capital of . per share in exchange for cash contri-
butions. e capital increase was entered in the commercial regis-
ter of the Bonn Local Court on  March . e shares partici-
pated in the consolidated net prot for .
e Board of Management resolved, with the consent of the
Supervisory Board, to make further partial use of the authorisa-
tion granted to it by the Annual General Meeting on  May 
in accordance with article   of the Articles of Association of
Deutsche Post  ( Authorised Capital ), to increase Deutsche
Post ’s share capital by ,,. by issuing ,, new
no-par value registered shares with a notional interest in the share
capital of . per share in exchange for cash contributions. e
capital increase was entered in the commercial register of the Bonn
Local Court on  December . e shares participate in the
consolidated net prot for .
Implementation of the capital increases entailed transaction
costs of . million.
Contingent Capital 
In its resolution dated  May , the Annual General Meeting
authorised the Board of Management, subject to the consent of
the Supervisory Board, to issue bonds with warrants, convertible
bonds and /or income bonds as well as prot participation certi-
cates, or a combination thereof, in an aggregate principal amount
of up to  billion, on one or more occasions until  May ,
thereby granting options or conversion rights for up to  million
shares with a proportionate interest in the share capital not to
exceed  million.
Based on this authorisation, Deutsche Post  issued a  bil-
lion convertible bond on  December , allowing holders to
convert the bond into up to  million Deutsche Post  shares.
Full use was made of the authorisation by issuing the bond. e
share capital is increased on a contingent basis by up to  million.
Contingent Capital 
In its resolution dated  May , the Annual General Meeting
authorised the Board of Management, subject to the consent of
the Supervisory Board, to issue bonds with warrants, convertible
bonds and /or income bonds as well as prot participation certi-
cates, or a combination thereof, in an aggregate principal amount
of up to . billion, on one or more occasions until  May ,
thereby granting options or conversion rights for up to  million
shares with a proportionate interest in the share capital not to
exceed  million. e share capital is increased on a contingent
basis by up to  million. No use was made of the authorisation
in the reporting year.
Contingent Capital 
On  May , the Annual General Meeting of Deutsche Post
resolved to authorise the Board of Management to contingently
increase the share capital by up to  million through the issue
of up to  million new no-par value registered shares. e contin-
gent capital increase serves to grant subscription rights to selected
Group executives. e subscription rights may only be issued
based on the aforementioned Annual General Meeting resolution
of  May . e contingent capital increase will only be im-
plemented to the extent that shares are issued based on the sub-
scription rights granted and the company does not settle the sub-
scription rights by cash payment or delivery of treasury shares. e
new shares participate in prot from the beginning of the nan cial
year in which they are issued. e share capital is increased on a
contingent basis by up to  million.
Deutsche Post  Group —  Annual Report
173
Consolidated Financial Statements — NOTES — Balance sheet disclosures