Chapters
Annual Report 2018

19. Share Capital

Accounting Policy
Ordinary shares are classified as equity attributable to equity holders. Costs directly connected to the issuance of new shares are deducted from the proceeds and recognized in equity. Where the Company or its subsidiaries purchase the Company’s equity share capital, the consideration paid, including any attributable transaction costs net of income taxes, is deducted from total shareholders’ equity as treasury shares until they are cancelled or re-issued. Where such shares are subsequently sold or reissued, any consideration received, net of transaction costs, is included in shareholders’ equity.

The movements in the number of shares outstanding and share capital can be specified as follows:

Number of shares outstanding

Ordinary shares (in thousands of EUR)

Share premium (in thousands of EUR)

Total (in thousands
of EUR)

At 1 January 2017

252,784,608

5,089

53,051

58,140

Share-based payments

798,812

-

1,372

1,372

At 31 December 2017

253,583,420

5,089

54,423

59,512

At 1 January 2018

253,583,420

5,089

54,423

59,512

Share-based payments

184,228

-

964

964

At 31 December 2018

253,767,648

5,089

55,387

60,476

In 2018, the share-based payment plan movements within share capital of €964 relate to the periodic expenses and settlements of the share-based payment plans (2017: €1,372).

GrandVision provided 184,228 shares related to the share-based payment plans following the vesting in 2018 (2017: 798,812 shares). The number of shares held in treasury at 31 December 2018 were 676,192 (2017: 860,420 shares).

GrandVision did not purchase shares in 2018 and 2017.