Ordinary shares are classified as equity attributable to the equity holders. Costs directly attributable to the issuance of new shares are deducted from the proceeds and recognized in equity. Amount received above the nominal is recorded as a share premium.
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 the shareholders’ equity.
The movements in the number of shares outstanding and share capital can be specified as follows:
Number of shares outstanding at par value of EUR 0.02
Share capital (in thousands of EUR)
Share premium (in thousands of EUR)
Treasury shares (in thousands of EUR)
Total (in thousands of EUR)
At 1 January 2018
At 31 December 2018
At 1 January 2019
Purchase of treasury shares
At 31 December 2019
The authorised share capital consists of 254,443,840 ordinary shares at a par value of €0.02 each.
In 2019, the share-based payment plan movements within share premium of €4,772 relate to the periodic expenses and settlements of the share-based payment plans (2018: €964).
During 2019 GrandVision purchased 195,000 shares to be held in treasury related to the share-based payment plans for a total amount of €3,814. GrandVision transferred 82,330 shares to the eligible LTIP-participants in relation to the share-based payment plans following the vesting in 2019 (2018: 184,228 shares). The number of shares held in treasury at 31 December 2019 were 788,862 (2018: 676,192 shares).