DHL 2012 Annual Report Download - page 180
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Please find page 180 of the 2012 DHL 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. Issued capital
. Share capital
KfW Bankengruppe (KfW) placed a package of Deutsche
Post shares on the market at the beginning of September ;
Note .. is placement reduced the interest in Deutsche
Post ’s share capital held by KfW from . to . ; the
remaining . of the shares are in free oat. KfW holds the
shares in trust for the federal government.
Share ownership as at December
number of shares
2011 2012
KfW 368,277,358 308,277,358
Free float 840,738,516 900,738,516
Share capital as at December 1,209,015,874 1,209,015,874
. Issued capital and purchase of treasury shares
e issued capital amounts to , million. It is composed
of ,,, no-par value registered shares (ordinary shares)
with a notional interest in the share capital of per share and is
fully paid up.
Changes in issued capital
2011 2012
As at January 1,209,015,874 1,209,015,874
Treasury shares acquired –1,676,178 –1,770,503
Treasury shares issued 1,676,178 1,770,503
As at December 1,209,015,874 1,209,015,874
Deutsche Post acquired . million shares at a total price
of million, including transaction costs, in a number of trans-
actions in order to settle entitlements due under the tranche
of the bonus programme for executives (Share Matching Scheme).
In addition, , shares were acquired and issued to persons who
have since le the Group. Consequently, issued capital was reduced
by the notional value of the shares purchased. e average pur-
chase price per share was .. e issued capital increased again
when the shares were issued to the executives.
e notional value of the treasury shares is deducted from
issued capital, and the dierence between the notional value and
the reported value of the treasury shares is deducted from retained
earnings.
Changes in treasury shares are presented in the statement of
changes in equity.
Authorised / contingent capital as at December
Amount
m Purpose
Authorised Capital 240
Increase in share capital
against cash / non-cash contri-
butions (until April )
Contingent Capital 75
Issue of option / conversion
rights ( May )
Authorised Capital
As resolved by the Annual General Meeting on April ,
the Board of Management is authorised, subject to the approval
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 are generally entitled to a subscription
right. To date, the Board of Management has not made use of such
authorisation.
Contingent Capital
In its resolution dated May , the Annual General
Meeting authorised the Board of Management, subject to the con-
sent of the Supervisory Board, to issue bonds with warrants, con-
vertible bonds and/or income bonds as well as prot participation
certicates, 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 having a total share in the share capital not to
exceed million. e share capital is contingently increased by
up to 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.
. Authorisation to acquire treasury shares
By way of a resolution adopted by the Annual General Meeting
on April , the company is authorised to acquire treasury
shares in the period to April of up to of the share cap-
ital existing when the resolution was adopted. e authorisation
permits the Board of Management to exercise it for every purpose
permitted by law, and in particular to pursue the goals mentioned
in the resolution by the Annual General Meeting.
At the Annual General Meeting on May , the author-
isation to acquire treasury shares was supplemented. In future,
treasury shares acquired on the basis of the authorisation, with
shareholders’ pre-emptive rights disapplied, may also be used for
the purposes of listing on a stock exchange outside Germany.
In addition, the Board of Management is authorised to acquire
treasury shares using derivatives.
As on December , Deutsche Post did not hold any
treasury shares on December .
Deutsche Post DHL Annual Report
176