Food Lion 2005 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2005 Food Lion 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 108

  • 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

Recent Capital Increases
(in EUR, except num ber of shares) Capital Share Premium Account(* * ) Number of Shares
Capital on December 31, 2002 46,196,352.00 2,264,224,571.50 92,392,704
Increase in capital on October 3, 2003 (* ) 24,224.00 1,325,209.06 48,448
Increase in capital on November 20, 2003 (* ) 91,702.50 7,617,941.78 183,405
Capital on December 31, 2003 46,312,278.50 2,273,167,722.34 92,624,557
Increase in capital on February 17, 2004 (* ) 56,515.00 4,702,206.82 113,030
Increase in capital on M ay 19, 2004 (* ) 53,965.00 4,566,100.46 107,930
Increase in capital on August 4, 2004 (* ) 72,140.00 5,576,963.58 144,280
Increase in capital on September 14, 2004 (* ) 85,903.00 7,429,811.56 171,806
Increase in capital on October 8, 2004 (* ) 91,777.50 8,680,843.80 183,555
Increase in capital on November 16, 2004 (* ) 81,581.00 8,152,862.61 163,162
Increase in capital on November 26, 2004 (* ) 80,120.50 8,650.106.33 160,241
Capital on December 31, 2004 46,834,280.50 2,320,926,617.50 93,668,561
Increase in capital on January 17, 2005 (* ) 94,370.00 10,796,236.16 188,740
Increase in capital on February 22, 2005 (* ) 75,161.00 8,427,419.61 150,322
Increase in capital on M ay 9, 2005 (* ) 77,388.00 8,456,385.46 154,776
Increase in capital on June 10, 2005 (* ) 99,802.00 9,584,806.81 199,604
Increase in capital on July 1, 2005 (* ) 83,965,50 8,048,685.89 167,931
Increase in capital on August 23, 2005 (* ) 87,564.00 8,679,853.42 175,128
Capital on December 31, 2005 47,352,531.00 2,374,920,004.85 94,705,062
(*) Increase in capital as a consequence of the exercise of warrants under the 2002 Stock Incentive Plan.
(** ) Share premium as recorded in the non-consolidated accounts of Delhaize Group SA, prepared under Belgian GAAP.
In 2005, Delhaize Group issued 1,036,501 shares of common stock for EUR 31.4
million, net of issue costs of EUR 0.2 million after tax.
In 2004, Delhaize Group issued 1,044,004 shares of common stock for EUR 31.0
million, net of issue costs of EUR 0.2 million after tax. In 2004, Delhaize Group
also issued a convertible bond having an aggregate principal amount of EUR 300
million, convertible into 5,263,158 ordinary shares at the initial conversion price
of EUR 57.00 per share. The bond is convertible into ordinary shares any time on
or after June 10, 2004 and up to and including the date falling seven business
days prior to April 30, 2009, unless previously redeemed, converted or purchased
and cancelled. The equity component of the convertible bond credited to share
premium was EUR 19.0 million, net of tax of EUR 9.8 million. In 2003, Delhaize
Group issued 231,853 shares of common stock for EUR 5.7 million.
Authorized Capital - Status
(in EUR, except num ber of shares)
Maximum Number of Shares Maximum Amount
(excl. Share Premium)
Authorized capital as approved at the May 23, 2002 General Meeting 92,392,704 46,196,352.00
M ay 22, 2002 - Issuance of w arrants under the Delhaize Group 2002 Stock
Incentive Plan (3,853,578) (1,926,789.00)
M ay 22, 2003 - Issuance of w arrants under the Delhaize Group 2002 Stock
Incentive Plan (2,132,043) (1,066,021.50)
April 7, 2004 - Issuance of convertible bonds (5,263,158) (2,631,579.00)
M ay 27, 2004 - Issuance of w arrants under the Delhaize Group 2002 Stock
Incentive Plan (1,517,988) (758,994.00)
M ay 26, 2005 - Issuance of w arrants under the Delhaize Group 2002 Stock
Incentive Plan (1,100,639) (550,319.50)
Balance of remaining authorized capital as of December 31, 2005 78,525,298 39,262,649.00
.
At the end of 2005, the Board of Directors had, after several applications of the
authorization granted in 2002, a remaining authorization to increase the capital
by a maximum of approximately EUR 39.3 million corresponding to approximately
78.5 million shares.
To the extent permitted by law, the Board of Directors is authorized to increase
the share capital after it has received notice of a public takeover bid related to the
Company. In such a case, the Board of Directors is especially authorized to limit
or suppress the preferential right of the shareholders, even in favor of specific
persons. Such authorization is granted to the Board of Directors for a period of
three years from the date of the Extraordinary General M eeting of M ay 26, 2005.
It may be renewed under the terms and conditions provided by law.
DELHAIZE GROUP / ANNUAL REPORT 200 5
56