The Group KD Group and KD Group dd

The KD Group Annual Report 2009
SHARES, DIVIDENDS AND OWNERSHIP STRUCTURE
Basic information on shares, dividends and equity
KD Group's share capital totalled EUR 98,215,756.97 as at 31 December 2009 and was represented by 2,942,053 no-parvalue
shares (of which 2,675,640 were ordinary shares of KDHR, while 266,413 were preference participating shares of
KDHP).
Ordinary shares of KD Group (KDHR) have been listed on the entry market of the Ljubljana Stock Exchange since 5
February 2001. At incorporation, all issued shares were defined as ordinary registered shares with voting rights and a
nominal value of EUR 33.38 each. The first General Meeting of Shareholders held in May 2001 passed a resolution
converting a maximum of 595,691 ordinary registered shares into cumulative preference shares with no voting rights.
Preference shares (KDHP) have been listed on the entry of the Ljubljana Stock Exchange since 12 July 2001. The rights of
holders of these shares include:
– the right of priority in payment of dividends before holders of ordinary shares in the amount of EUR
1.67, for a cumulative period of five years;
– in the event of a dividend payout to holders of ordinary shares, the right to the payment of additional
dividends of at least EUR 1.67, bringing the total dividend to a maximum of EUR 3.34;
– during the liquidation of the company, priority in the payment of residual assets before holders of
ordinary shares in the amount of EUR 33.38.
Authorised capital totalled EUR 49,107,878 as at 31 December 2009. Pursuant to the resolution passed at the 8 th General
Meeting of Shareholders on 13 October 2005, the Management Board is authorised to increase the company’s share capital
by a maximum of EUR 49,107,878 by issuing new shares for cash or contributions-in-kind within five years following the
entry of the amendment to the Articles of Association in the Company Register (16 November 2005). The Management
Board has not yet used the authorised capital.
The book value of the KDHR and KDHP shares was EUR 57.38 as at 31 December 2009, a decrease of 23% from the
previous year, when it stood at EUR 74.57. The book value of a share is calculated as the book value of the equity of
majority shareholders as at the end of the accounting period under the IFRS, divided by the number of all shares, excluding
treasury shares, as at the end of the accounting period.
Net earnings per share amounted to EUR -20.35 in 2009, compared to EUR -2.55 in 2008. Net earnings per share was
calculated as the net profit pertaining to majority shareholders less dividends paid on preference shares (excluding treasury
shares) for the accounting period divided by the average number of all issued ordinary shares, excluding treasury shares, in
the accounting period.
Share price movement
Ordinary shares of KDHR in 2009
Transactions made on the Ljubljana Stock Exchange in 2009 in ordinary shares of KDHR totalled EUR 2,676,049.41. The
share price stood at EUR 54.50 at the beginning of the year. The lowest share price in 2009 was EUR 48.40, while the
highest price was EUR 61.46.
Basic indicators for ordinary shares of KDHR:
Share details As at 31 st December 2008
As at 31 st December 2009
(EUR) Index 09/08 (in %)
Number of shares 2,675,640 2,675,640 0
Market price (in EUR) 54.10 50.57 -6.52
Market capitalisation (in million EUR) 144.75 135.31 -6.52
Sources: Ljubljana Stock Exchange, GVIN and own calculations of KD Group
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