2009 - Jaarverslag

46.1 Ordinary shares 2009 2008number x 1,000Outstanding as at 1 January 23,967 23,556Issue of shares – –Issued stock dividend 1,101 411Outstanding as at 31 December 25,068 23,967The authorised share capital amounts to € 200 million divided into 80 million ordinary shares of a par value of€ 2.50. The issued capital as at 31 December 2009 amounts to 25,067,580 ordinary shares of a par valueof € 2.50 (as at 31 December 2008: 23,966,901 ordinary shares of a par value of € 2.50).The holders of ordinary shares are entitled to dividend as approved periodically by the General Meetingof Shareholders. They are also entitled to cast one vote per share at meetings of the company.Issue of shares and limitation of pre-emptive rightThe general meeting of shareholders has granted the Executive Board the power to issue shares and to excludeor restrict the pre-emptive right for the period ending on 30 September 2010. The power to issue shares concerns10% of the issued share capital plus a further issue up to a maximum of 10% of the issued share capital in theevent that the issue takes place in the context of a merger or acquisition. The same applies to the power of theExecutive Board, with the approval of the Supervisory Board, to restrict or exclude the pre-emptive right.46.2 Repurchased ordinary shares 2009 2008number x 1,000Outstanding as at 1 January 527 556Exercise of options – – 25Issued in connection with share savings plan – 6 – 4Outstanding as at 31 December 521 527The aim of the repurchase of ordinary shares is to avoid the dilution of earnings per share by the granting ofoptions and the issue of shares as part of the share savings plan. No shares in the company were repurchasedin 2009 (2008: 0).Royal Ten Cate Annual Report 2009 117