annual Report 2009 - STRATEC Biomedical AG

(13) Shareholders’ equity
The development in the shareholders’ equity of the Group has been presented in the Statement of Changes in Group Equity.
At the balance sheet date, the share capital of STRATEC AG amounted to u 11,446 thousand (previous year: u 11,426 thousand).
The share capital is divided into 11,445,736 ordinary shares with a nominal value of u 1.00 each (previous year:
11,425,694 ordinary shares). The shares have been paid up in full and are bearer shares. STRATEC AG has been publicly
listed since August 1998. Its shares have been listed in the Prime Standard of the Frankfurt Stock Exchange since
January 2003.
Various capital increases amounting to u 20 thousand in total were undertaken from conditional capital in the 2009
financial year in connection with the exercising of stock option rights (previous year: u 10 thousand).
In summary, the subscribed capital of STRATEC AG showed the following developments in the 2009 financial year
compared with the previous year:
in v thousand 2009 2008
Balance at 12.31. of the previous year 11,426 11,416
Capital increase in return for cash contributions due to exercising of stock options
(with corresponding reduction in conditional capital) 20 10
Share capital as of 12.31. of the financial year 11,446 11,426
The capital increase due to the exercising of stock options had not yet been entered in the Commercial Register at the
balance sheet date. The transaction was entered in the Commercial Register on February 26, 2010.
Pursuant to § 4 (4.5) of the Articles of Association, the Board of Management is authorized, subject to approval by
the Supervisory Board, to increase the company’s share capital on one or more occasions prior to June 22, 2011 by a
maximum amount of up to u 5,500,000.00 by issuing up to a maximum of 5,500,000 new ordinary bearer shares with
a nominal value of u 1.00 in return for cash or non-cash contributions (Authorized Capital). In general, shareholders
must be granted subscription rights. In specific circumstances outlined in the Articles of Association, however, the Board
of Management is entitled to exclude such subscription rights. Authorized Capital amounted to u 5,500,000.00 as of
December 31, 2009.
§ 4 (4.6) Paragraph 1 of the Articles of Association provides for Conditional Capital I. This conditional capital increase
serves to grant subscription rights (stock options) up to May 15, 2012 on the basis of the resolution adopted by the Annual
General Meeting on May 16, 2007. Pursuant to the resolution adopted by the Annual General Meeting on May 20, 2009,
Conditional Capital I was reduced to u 212,900.00 and the authorization to grant stock options dated May 16, 2007
rescinded to the extent that no further new option rights may be granted; only existing option rights may be exercised.
Conditional Capital I amounted to u 212,400.00 as of December 31, 2009.
§ 4 (4.6) Paragraph 2 of the Articles of Association provides for Conditional Capital I. This conditional capital increase
serves to grant subscription rights (stock options) up to April 1, 2008 on the basis of the resolution adopted by the Annual
General Meeting on May 28, 2003. Pursuant to the resolution adopted by the Annual General Meeting on May 16, 2007,
Conditional Capital II was reduced to u 220,000.00 and the authorization to grant stock options dated May 28, 2003
rescinded to the extent that no further new option rights may be granted; only existing option rights may be exercised.
Conditional Capital II amounted to u 22,845.00 as of December 31, 2009.
§ 4 (4.6) Paragraph 3 of the Articles of Association provides for Conditional Capital III. This conditional capital increase
serves to grant subscription rights (stock options) up to June 22, 2011 on the basis of the resolution adopted by the Annual
General Meeting on June 23, 2006. Pursuant to the resolution adopted by the Annual General Meeting on May 16, 2007,
Conditional Capital III was reduced to u 35,000.00 and the authorization to grant stock options dated June 23, 2006
rescinded to the extent that no further new option rights may be granted; only existing option rights may be exercised.
Conditional Capital III amounted to u 16,800.00 as of December 31, 2009.
76 stratec Annual Report 2009