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NOTES TO THE FINANCIAL STATEMENTS

22. Share capital and premium

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COMPARE TO 2016 PDF 124KB


(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
Pages: 1234
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