(all amounts are shown in Euro thousands unless otherwise stated)
| The total number of the authorized ordinary shares is: |
2013 |
2012 |
| Ordinary shares of €4.00 each |
77.063.568 |
77.063.568 |
| Preference shares of €4.00 each |
7.568.960 |
7.568.960 |
|
84.632.528 |
84.632.528 |
(all amounts are shown in Euro thousands unless otherwise stated)
|
Ordinary shares |
Preference shares |
Share premium |
Total |
| Shares issued and fully paid |
Number of shares |
€'000 |
Number of shares |
€'000 |
€'000 |
Number of shares |
€'000 |
| Balance at 1 January 2012 |
77.063.568 |
308.254 |
7.568.960 |
30.276 |
22.826 |
84.632.528 |
361.356 |
| Issue of shares - share option scheme |
- |
- |
- |
- |
- |
- |
- |
| Balance at 31 December 2012 |
77.063.568 |
308.254 |
7.568.960 |
30.276 |
22.826 |
84.632.528 |
361.356 |
| Issue of shares - share option scheme |
- |
- |
- |
- |
- |
- |
- |
| Balance at 31 December 2013 |
77.063.568 |
308.254 |
7.568.960 |
30.276 |
22.826 |
84.632.528 |
361.356 |
|
Ordinary shares |
Preference shares |
Total |
| Treasury shares |
Number of shares |
€'000 |
Number of shares |
€'000 |
Number of shares |
€'000 |
| Balance at 1 January 2012 |
3.111.697 |
89.329 |
5.919 |
117 |
3.117.616 |
89.446 |
| Treasury shares sold |
- |
- |
- |
- |
- |
- |
| Balance at 31 December 2012 |
3.111.697 |
89.329 |
5.919 |
117 |
3.117.616 |
89.446 |
| Treasury shares sold |
-50.282 |
-1.766 |
- |
- |
-50.282 |
-1.766 |
| Balance at 31 December 2013 |
3.061.415 |
87.563 |
5.919 |
117 |
3.067.334 |
87.680 |
For the year 2013, the average stock price of Titan Cement Company S.A. ordinary shares was €15.68 (2012: €13.58) and the closing price of the ordinary shares at December 31, 2013 was €19.80 (2012: €13.96).
Share options
Share options are granted to members of senior management. Movements in the number of share options outstanding are as follows:
|
2010 scheme |
| Balance at 1 January 2012 |
560.940 |
| Granted |
376.290 |
| Cancelled |
-17.400 |
| Balance at 31 December 2012 |
919.830 |
| Exercised |
-50.282 |
| Non vested |
-190.746 |
| Cancelled |
-18.904 |
| Balance at 31 December 2013 |
659.898 |
Share options outstanding at the end of the year have the following terms:
|
|
2013 |
| Expiration date |
Exercise price |
2010 scheme |
| 2014 |
€ 4,00 |
9.828 |
| 2015 |
€ 4,00 |
283.290 |
| 2016 |
€ 4,00 |
366.780 |
|
|
659.898 |
|
|
2012 |
| Expiration date |
Exercise price |
2010 scheme |
| 2014 |
€ 4,00 |
254.340 |
| 2015 |
€ 4,00 |
290.700 |
| 2016 |
€ 4,00 |
374.790 |
|
|
919.830 |