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NOTES TO THE FINANCIAL STATEMENTS

22. Share capital and premium

Compare to 2015 PDF 1.46MB
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(all amounts are shown in Euro thousands unless otherwise stated)

  Ordinary shares Preference shares Share premium €'000 Total
Shares issued and fully paid Number of shares €'000 Number of shares €'000 Number of shares €'000
Balance at 1 January 2015 77,063,568 308,254 7,568,960 30,276 22,826 84,632,528 361,356
Balance at 31 December 2015 77,063,568 308,254 7,568,960 30,276 22,826 84,632,528 361,356
Balance at 31 December 2016 77,063,568 308,254 7,568,960 30,276 22,826 84,632,528 361,356
  Ordinary shares Preference shares Total
Shares issued and fully paid Number of shares €'000 Number of shares €'000 Number of shares €'000
Balance at 1 January 2015 2,919,912 83,516 5,919 117 2,925,831 83,633
Treasury shares sold -159,319 -4,556 - - -159,319 -4,556
Balance at 31 December 2015 2,760,593 78,960 5,919 117 2,766,512 79,077
Treasury shares purchased 1,219,658 24,265 79,595 928 1,299,253 25,193
Treasury shares sold -108,574 -2,817 - - -108,574 -2,817
Balance at 31 December 2016 3,871,677 100,408 85,514 1,045 3,957,191 101,453

For the year 2016, the average stock price of Titan Cement Company S.A. ordinary shares was €19.63 (2015: €20.40) and the closing price of the ordinary shares on 31 December 2016 was €22.30 (31.12.2015: €17.61).

Share options

Share options are granted to members of senior management. Movements in the number of share options outstanding are as follows:

2014 scheme 2010 scheme
Balance at 1 January 2015 250,190 385,209
Granted 313,080 -
Exercised - -159,319
Non vested - -61,112
Cancelled -4,750 -17,545
Balance at 31 December 2015 558,520 147,233
Granted 303,150 -
Exercised - -108,574
Cancelled -1,650 -38,659
Balance at 31 December 2016 860,020 -

Share options outstanding at the end of the year have the following terms:

  2014 scheme 2010 scheme
Exercise price € 10 € 4
Expiration date 2016 2015 2016 2015
2016 - - - 147,233
2020 245,890 247,540 - -
2021 310,980 310,980 - -
2022 303,150 - - -
860,020 558,520 - 147,233
Pages: 1234
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