Adidas 2003 Annual Report Download - page 155

Download and view the complete annual report

Please find page 155 of the 2003 Adidas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 170

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170

35 /// INFORMATION RELATING TO THE GERMAN CORPORATE GOVERNANCE CODE
Information pursuant to Section 6.6 German Corporate Governance Code
After having sold a total of 60,000 adidas-Salomon shares in the first four months of the year,
Christian Tourres, a member of adidas-Salomon’s Supervisory Board and a former Executive Board
member, purchased 20,000 shares in May before selling another 84,952 shares between September
and December 2003. adidas-Salomon AG has not been informed by any other member of the
Executive and Supervisory Boards or their spouses, registered partners or relatives in the first
degree regarding sales or purchases of adidas-Salomon shares for a total value of € 25,000 or
more within any 30-day period during 2003.
Information pursuant to § 161 German Stock Corporation Act (AktG)
On April 7, 2003 the Executive Board and the Supervisory Board of adidas-Salomon AG issued
the
Group’s second Declaration of Compliance
regarding
the German Corporate Governance
Code. In
light of the amendments made to the German Corporate Governance Code on May 21,
2003, the Executive and Supervisory Boards resolved on an updated Declaration of Compliance on
February 10, 2004 which was immediately posted on the Group’s corporate website.
36 /// EVENTS AFTER THE BALANCE SHEET DATE
Date of Authorization for Issue
These financial statements will be approved for issue by the Supervisory Board on March 9, 2004.
Capital Increase
Following the expiration of the fifth exercise period of Tranche II (2000) and the second exercise
period of Tranche III (2001) of the management stock option plan (MSOP) of adidas-Salomon AG in
January 2004, an additional 83,300 no-par-value bearer shares were issued effective January 12,
2004. The total number of no-par-value shares thus amounts to 45,537,050. The new shares will
carry dividend rights as of January 1, 2004.
With effect from the same day, the stock capital of adidas-Salomon AG was increased by
€ 213,248 to a total of € 116,574,848.
Herzogenaurach, February 18, 2004 /// The Executive Board of adidas-Salomon AG
151