GB00_erste lage_E - Erste Group

2000 CONSOLIDATED FIANCIAL STATEMENTS ACCORDING TO IAS
28) Equity
Total equity reported as of 31 December 2000 amounts to EUR 366,349,563.60 in subscribed
capital, which is divided into:
50,360,799 voting bearer shares EUR 365,986,199.43
5,000 participation certificates EUR 363,364.17
Total subscribed capital EUR 366,349,563.60
The General Meeting held on 1 June 1999 resolved the conversion of share capital to shares
with no par value and to convert nominal capital into euro. The entry in the Commercial Register
is dated 6 August 1999. As of that date, the total subscribed capital thus amounts to EUR
322,745,863.10 and is divided into EUR 322,382,498.93 in share capital and EUR 363,364.17
in participation capital.
Article 4.4.2. of the Articles of Association authorises the Management Board to increase the
share capital from EUR 322,382,498.93 by as much as EUR 65,405,550.75 by issuing 9,000,000
ordinary bearer shares at an issue price of at least EUR 7.27 per share. In accordance with the
resolution taken by the Management Board on 10 August 2000, 6,000,000 bearer shares were
issued, thereby increasing share capital by EUR 43,603,700.50. This motion was approved by
the Supervisory Board on 11 August 2000.
The shares issued consisted of no par value voting stock. Following the subscription period
for the offering (19 September to 4 October 2000) the final subscription price of EUR 47.00 was
fixed on 5 October 2000. The proceeds of the issue of this Secondary Public Offering amounted
to EUR 272 million (after issuing costs and taxes).
As of the balance sheet date (31 December 2000) the Company held the following authorised
and conditional capital:
❚ EUR 43,603,700.50, pursuant to Article 4.4.1. of the Articles of Association for a period of
five years from the date of registration of the amendment of the Company’s Articles of Association
in the Commercial Register through the issue of 6,000,000 ordinary registered or bearer
shares as authorised capital;
❚ EUR 21,801,850.25, pursuant to Article 4.4.2. of the Articles of Association for a period of
five years from the date of registration of the amendment of the Company’s Articles of Association
in the Commercial Register through the issue of 3,000,000 bearer shares as authorised capital;
❚ EUR 43,603,700.50, pursuant to the Extraordinary General Meeting held on 21 August 1997
a conditional capital increase in case convertible bond holders exercise their conversion rights
(bearer shares);
❚ EUR 363,364.17, pursuant to a resolution taken at the General Meeting held on 11 May 2000
as a conditional capital increase in case participation certificate holders exercise their conversion
rights (bearer shares).
92 Erste Bank 2000