ANNUAL FINANCIAL REPORT 2010 2010 - TiGenix

8.1.5.14 Deferred charges & accrued incomeYears ended December 31Thousands of Euro (€) 2010 2009 2008Deferred charges & accrued income 907 282 335Deferred charges & accrued income 907 282 3358.1.5.15 Share capitalThe share capital of TiGenix amounts to € 25.2 million atDecember 31, 2010, represented by 31,121,154 shares. TheCompany’s shares are without par value. The holders of TiGenixshares are entitled to receive dividends as declared and to onevote per share at the shareholders’ meeting of the Company.All shares issued are fully paid in and subscribed.The change of the number of Shares during each of the3 years ending on December 31, 2008, December 31, 2009 andDecembwer 31, 2010 is as follows:Per January 01, 2008 23,851,079Exercise of warrants 713,410December 31, 2008 24,564,489Exercise of warrants 6,790Capital increase in cash 3,284,300Capital increase in kind 3,010,589December 31, 2009 30,866,168Exercise of warrants 2,500Capital increase in kind 252,486December 31, 2010 31,121,154At December 31, the Company’s share capital was:Years ended December 31Thousands of Euro (€) 2010 2009 2008Share Capital 30,429 30,178 24,002Issuance cost (5,231) (5,222) (4,518)On March 27, 2007 a total of 9,200,000 common Shares wereissued with a price of €5.00 as a result of the initial publicoffering (IPO) and the exercise of the over-allotment option. Theshares issued were fully paid in.On March 27, 2007 a total of 494,065 warrants issued onFebruary 26, 2007, subject to the completion of the IPO,were exercised with a strike price of €0.01, resulting in494,065 additional common Shares. The Shares issued werefully paid in.On April 17, 2008 a total of 603,910 warrants issued onSeptember 15, 2003 were exercised with a strike price of€1.00 or €3.00 resulting in 603,910 additional common Shares.The Shares issued were fully paid in.On October 13, 2008 a total of 109,500 warrants issued onSeptember 30, 2003 were exercised with a strike price of€3.00 resulting in 109,500 additional common Shares. TheShares issued were fully paid in.181 •