SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Additional Notes F-137
Annual Report 2010 on Form 20-F 31 – Common Shares
Additional Notes
31 –
Common Shares
Common Shares
Deutsche Bank’s share capital consists of common shares issued in registered form without par value. Under
German law, each share represents an equal stake in the subscribed capital. Therefore, each share has a
nominal value of € 2.56, derived by dividing the total amount of share capital by the number of shares.
Number of shares
Issued and
fully paid Treasury shares Outstanding
Common shares, January 1, 2009 570,859,015 (8,192,060) 562,666,955
Shares issued under share-based compensation plans – – –
Capital increase 50,000,000 – 50,000,000
Shares purchased for treasury – (476,284,991) (476,284,991)
Shares sold or distributed from treasury – 483,793,356 483,793,356
Common shares, December 31, 2009 620,859,015 (683,695) 620,175,320
Shares issued under share-based compensation plans – – –
Capital increase 308,640,625 – 308,640,625
Shares purchased for treasury – (325,966,381) (325,966,381)
Shares sold or distributed from treasury – 316,212,796 316,212,796
Common shares, December 31, 2010 929,499,640 (10,437,280) 919,062,360
There are no issued ordinary shares that have not been fully paid.
Shares purchased for treasury consist of shares held by the Group for a period of time, as well as any shares purchased
with the intention of being resold in the short-term. In addition, the Group has bought back shares for
equity compensation purposes and for the implementation of a subscription ratio of 2:1 in the 2010 share capital
increase. All such transactions were recorded in shareholders’ equity and no revenues and expenses were
recorded in connection with these activities. As of December 31, 2010, the number of shares held in Treasury
totaled 10,437,280 shares. This treasury stock will be used for future share-based compensation.
On October 6, 2010, Deutsche Bank AG completed a capital increase from authorized capital against cash
contributions. In total, 308,640,625 new registered no par value shares (common shares) were issued, resulting
in net proceeds of € 10.1 billion (after expenses of approximately € 0.1 billion, net of tax). The new shares were
issued with full dividend rights for the year 2010 through subscription rights. 99.31 % of the subscription rights
were exercised, and thus 306,511,140 new shares were issued at a subscription price of € 33.00 per share.
The remaining 2,129,485 new shares were placed in Xetra trading at a weighted average price of € 41.34.
Authorized and Conditional Capital
Deutsche Bank’s share capital was increased by issuing new shares for cash consideration through the aforementioned
capital increase. The General Meeting had granted the Management Board authorizations to increase
the share capital – with the consent of the Supervisory Board – through the issue of new shares by up to a total
of € 790,120,000. As of December 31, 2010, the previously authorized but unissued capital of Deutsche Bank
was entirely utilized.