Chapters
Annual Report 2020

18. Share Capital, Share Premium and Treasury Shares

Accounting Policy
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. Amounts 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 2019

253,767,648

5,089

69,455

- 14,068

60,476

Purchase of treasury shares

- 195,000

-

-

- 3,814

- 3,814

Share-based payments

82,330

-

3,125

1,647

4,772

At 31 December 2019

253,654,978

5,089

72,580

- 16,235

61,434

At 1 January 2020

253,654,978

5,089

72,580

- 16,235

61,434

Share-based payments

94,619

2,957

1,892

4,849

At 31 December 2020

253,749,597

5,089

75,537

- 14,343

66,283

The authorized share capital consists of 254,443,840 ordinary shares at a par value of €0.02 each.

In 2020, the share-based payment plan movements within share premium of €4,849 relate to the periodic expenses and settlements of the share-based payment plans (2019: €4,772).

GrandVision transferred 94,619 shares to the eligible LTIP-participants in relation to the share-based payment plans following the vesting in 2020 (2019: 82,330 shares). The number of shares held in treasury at 31 December 2020 were 694,243 (2019: 788,862 shares).