18. Notes on share capital

Notes to the Consolidated Financial Statements

18. Notes on share capital

 

Number of shares

Share capital
(€ 000)

1 Jan 2015

20,875,645

2,088

31 Dec 2015

20,875,645

 2,088

     

 

Number of shares

Share capital
(€ 000)

1 Jan 2016

20,875,645 2,088

31 Dec 2016

20,875,645 2,088
     

The maximum number of shares is 48 million (48 million in 2015). 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 2015). All outstanding shares are paid in full. At the end of the fiscal year, the company held 57,372 of its own shares, or 0.7 per cent of all shares. At the end of the period, 91,435 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.

The EUR 7,889 thousand transfer of the issue premium fund to the unrestricted shareholders' equity reserve was made on the basis of a decision by the Annual General Meeting on 16 March 2016.