15.1 Share capital and treasury shares: composition

Item

 

31.12.2010

31.12.2009

190

Share capital (in thousands of Euro)

53,811

34,300

 

Number of ordinary shares

53,811,095

34,300,160

 

Nominal amount of ordinary shares

1 Euro

1 Euro

200

Treasury shares (in thousands of Euro)

13,498

14,413

 

Number of treasury shares

2,229,017

1,961,478

15.2 Share capital – number of parent company shares: annual changes

Headings/Types

Ordinary

Others

A. Shares held at the beginning of the year

34,300,160

-

- fully paid-up

34,300,160

-

- not fully paid-up

-

-

A.1 Treasury shares (-)

(1,961,478)

-

A.2 Outstanding shares: opening balance

32,338,682

-

B. Increases

21,537,439

-

B.1 New issues

19,510,935

-

- paid:

16,080,919

-

- business combinations

-

-

- conversion of bonds

-

-

- exercise of warrants

-

-

- Other

16,080,919

-

- free:

3,430,016

-

- in favour of employees

-

-

- in favour of directors

-

-

- Other

3,430,016

-

B.2 Sale of treasury shares

2,026,504

-

B.3 Other increases

-

-

C. Reductions

(2,294,043)

-

C.1 Annulments

-

-

C.2 Buybacks of treasury shares

(2,294,043)

-

C.3 Company sell-offs

-

-

C.4 Other reductions

-

-

D. Outstanding shares: closing balance

51,582,078

-

D.1 Treasury shares (+)

2,229,017

-

D.2 Shares held at the end of the year

53,811,095

-

- fully paid-up

53,811,095

-

- not fully paid-up

-

-

15.3 Share capital: other information

Share capital is composed of 53,811,095 ordinary shares with a nominal value of 1 euro each, bearing no rights, liens and obligations, including those relating to dividend distributions and capital redemption.

During 2010, 19,510,935 new shares were issued following the completion of the share capital increase (both free and against payment), as better described in the director’s report in the section relating to significant events occurred during the year.

15.4 Income related reserves: other information

Items/Components

31.12.2010

Legal reserve

6,373

Extraordinary reserve

50,236

Other reserves

1,428

Total income related reserves

58,037

Buyback reserve

13,498

Future buyback reserve

6,502

Total item 170 -reserves

78,037