(all amounts are shown in Euro thousands unless otherwise stated)
| |
Ordinary shares |
Preference shares |
Share premium €'000 |
Total |
| Shares issued and fully paid |
Number of shares |
€'000 |
Number of shares |
€'000 |
Number of shares |
€'000 |
| Balance at 1 January 2016 |
77,063,568 |
308,254 |
7,568,960 |
30,276 |
22,826 |
84,632,528 |
361,356 |
| Balance at 31 December 2016 |
77,063,568 |
308,254 |
7,568,960 |
30,276 |
22,826 |
84,632,528 |
361,356 |
| Share capital decrease |
- |
-77,064 |
- |
-7,569 |
- |
- |
-84,633 |
| Balance at 31 December 2017 |
77,063,568 |
231,190 |
7,568,960 |
22,707 |
22,826 |
84,632,528 |
276,723 |
| |
Ordinary shares |
Preference shares |
Total |
| Treasury shares |
Number of shares |
€'000 |
Number of shares |
€'000 |
Number of shares |
€'000 |
| Balance at 1 January 2016 |
2,760,593 |
78,960 |
5,919 |
117 |
2,766,512 |
79,077 |
| Treasury shares purchased |
1,219,658 |
24,265 |
79,595 |
928 |
1,299,253 |
25,193 |
| Treasury shares sold |
-108,574 |
-2,817 |
- |
- |
-108,574 |
-2,817 |
| Balance at 31 December 2016 |
3,871,677 |
100,408 |
85,514 |
1,045 |
3,957,191 |
101,453 |
| Treasury shares purchased |
222,356 |
4,564 |
24,959 |
387 |
247,315 |
4,951 |
| Treasury shares sold |
-39,787 |
-1,020 |
- |
- |
-39,787 |
-1,020 |
| Balance at 31 December 2017 |
4,054,246 |
103,952 |
110,473 |
1,432 |
4,164,719 |
105,384 |
For the year 2017, the average stock price of Titan Cement Company S.A. ordinary shares was €23.01 (2016: €19.63) and the closing price of the ordinary shares on 31 December 2017 was €22.90 (31.12.2016: €22.30).
Share options
Share options are granted to members of senior management. Movements in the number of share options outstanding are as follows:
|
2017 scheme |
2014 scheme |
2010 scheme |
| Balance at 1 January 2016 |
- |
558,520 |
147,233 |
| Granted |
- |
303,150 |
- |
| Exercised |
- |
- |
-108,574 |
| Cancelled |
- |
-1,650 |
-38,659 |
| Balance at 31 December 2016 |
- |
860,020 |
- |
| Granted |
263,680 |
- |
- |
| Exercised |
- |
-39,787 |
- |
| Non vested |
- |
-125,378 |
- |
| Cancelled |
-5,570 |
-48,073 |
- |
| Balance at 31 December 2017 |
258,110 |
646,782 |
- |
Share options outstanding at the end of the year have the following terms:
| |
2017 scheme |
2014 scheme |
| Exercise price |
€ 10 |
€ 10 |
| Expiration date |
2017 |
2016 |
2017 |
2016 |
| 2020 |
- |
- |
55,482 |
245,890 |
| 2021 |
- |
- |
301,020 |
310,980 |
| 2022 |
- |
- |
290,280 |
303,150 |
| 2023 |
258,110 |
- |
- |
- |
|
258,110 |
- |
646,782 |
860,020 |