2005-2006 Financial Statements and Management Report

78
Disclosures on the volume of treasury stock in fiscal year
2005/2006
Volume of treasury stock at September 30, 2005
At September 30, 2005 ThyssenKrupp ag held indirectly via Krupp
Hoesch Stahl GmbH 15,339,893 of its own no-par-value shares
(residual volume from the repurchase of 16,921,243 of its own
shares, corresponding to 3.29% of its capital stock, in May 2003
pursuant to § 71 subs. 1 no. 1 Stock Corporation Act (AktG) at a
purchase price of €24.00 per share (total: around €406 million)).
DEVELOPMENT IN FISCAL YEAR 2005/2006
Sale of treasury stock
On November 21, 2005 Krupp Hoesch Stahl GmbH sold the
15,339,893 no-par-value shares it held at a price of €17.44 per
share for a total amount of €267,527,733.92 to the Alfried Krupp
von Bohlen und Halbach Foundation:
Arithmetical value of the capital stock of ThyssenKrupp ag
accounted for by these shares: €39,270,126.08
Corresponding share of capital stock: around 2.98%
Disposal gain: €267,527,733.92
The disposal gain was used to strengthen liquidity.
Purchase and sale of treasury stock under the employee
share program
In connection with the ThyssenKrupp employee share programs,
treasury stock was purchased and sold as follows:
For the employee share program in the Federal Republic of
Germany:
On behalf of ThyssenKrupp ag, the authorized bank purchased
477,048 shares of treasury stock on the stock market at an
average price of €26.9771 in the period May 09 to 22, 2006.
These shares were sold to employees in Germany at a price of
€23.69 per share on May 22, 2006. The employees each paid
only 50% of the price of their share packages, with the remaining
50% being paid by their respective German Group subsidiary as
an employer’s allowance eligible for tax relief.
Arithmetical value of the capital stock
of ThyssenKrupp ag accounted for
by these shares: €1,221,242.88
Share of capital stock: around 0.09%
Acquisition costs: €12,869,371.60
Disposal gain: €5,650,633.56
The disposal gain was used to finance the acquisition costs.
For the employee share program in Spain:
On behalf of Grupo ThyssenKrupp s.a., Madrid, the company
centrally responsible for the Spanish employee share program,
the authorized bank purchased 12,900 shares of treasury stock
on the stock market at an average price of €17.12 on December
01, 2005 and subsequently sold them to employees in Spain at
a price of €17.03 per share. The employees each paid only 50%
of the price of their share packages, with the remaining 50%
being paid by their respective Spanish Group subsidiary as an
employer’s allowance.
Arithmetical value of the capital stock
of ThyssenKrupp ag
accounted for by these shares: €33,024.00
Share of capital stock: around 0.0025%
Acquisition costs: €220,848.00
Disposal gain from employees: €109,843.50
The disposal gain was used to finance the acquisition costs.
For the employee share program in France:
On behalf of the French Group subsidiaries participating in the
program, the authorized bank purchased 27,500 shares of treasury
stock on the stock market at an average price of €24.30 on June
12, 2006. The purchase was made in the name of a share fund in
which the shares are being held for the employees of the French
companies. In this program, too, the employees each pay only
50% of the price for their share package, i.e. €12.15 per share,
with the other 50% being paid by the respective Group subsidiary
as an employer’s allowance.