Notes to the Consolidated Financial Statements

19. Notes on share capital

 

Number of shares

Share capital
(€ 000)

1 Jan 2013

20,875,645

2,088

Rights issue

-

-

31 Dec 2013

20,875,645

2,088

     

 

Number of shares

Share capital
(€ 000)

1 Jan 2014

20,875,645

2,088

Rights issue

-

-

31 Dec 2014

20,875,645

 2,088

     

The maximum number of shares is 48 million (48 million in 2013). All shares grant equal rights to their holders. The nominal value of each share is EUR 0.1 and the Group’s maximum share capital is EUR 4.8 million (EUR 4.8 million in 2013). All outstanding shares are paid in full. At the end of the fiscal year, the company held 57,372 of its own shares, or 0.3 per cent of all shares. In addition, Digia has financed the acquisition of 43,000 treasury shares for distribution through incentive schemes for key personnel. At the end of the period, 43,000 of these shares remained undistributed and were under the management of Evli Alexander Management Ltd.

The premium fund comprises the amount paid for shares in excess of the nominal value. The ‘Other reserves’ amount arises from fair valuation of acquired business operations in the consolidated financial statements. The translation differences reserve comprises translation differences arising from the translation of financial statements of non-Finnish units. The unrestricted shareholders’ equity reserve comprises investments similar to shareholders’ equity and the subscription price of shares when a specific decision is made not to enter it in shareholders’ equity.