TomTom 2005 Annual Report Download - page 80
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80
17.Shareholders’equity
2004 2005
Numberofauthorisedordinaryshares(in000s) 9,000 333,000
Numberofauthorisedpreferenceshares(in000s) 0 166,500
Numberofissuedandfullypaidordinaryshares(in000s) 1,824 107,281
Parvaluepershare(in
) 0.01 0.20
TheCompany’sauthorisedcapitalamountsto
99,900,000andisdividedinto333,000,000ordinary
shares,eachwithanominalvalueoftwentycentsand
166,500,000preferenceshares,eachwithanominal
valueoftwentycents.
DuringtheGlobalOfferinMay2005theCompanyissued
7,142,857newordinarysharesatapriceof
17.50per
sharewhicharelistedatEurolist(EurolistbyEuronext
AmsterdamNV).Inaddition,138,616newordinary
shareswereissuedtoNickKaufmannLimitedaspartof
hisremunerationasFinancialAdvisortothecompany
duringtheGlobalOffer.
Recapitalisation
AttheincorporationofTomTomNederlandBVinApril
2005,TomTomGroupBVcontributedallofthesharesit
heldinTomTomBVtoTomTomNederlandBV,inexchange
for100,000,000TomTomNederlandBVshareswitha
nominalvalueof
0.20each.Followingtheincorporation
ofTomTomNederlandBV,TomTomGroupBVwasmerged
intoTomTomNederlandBV,andTomTomGroupBV
ceasedtoexist.
Asaconsequenceofthislegalmerger,TomTom
NederlandBVacquired100,000,000ofitsownshares,
andimmediatelycancelledthoseshares.Alsoasa
consequenceofthemerger,theSellingShareholders,as
thefourshareholdersofTomTomGroupBV,became
shareholdersofTomTomNederlandBV.
EachoftheSellingShareholdersthereforeeffectively
exchanged456,069sharesofTomTomGroupBVfor
25,000,000newly-issuedsharesofTomTomNederland
BVasaconsequenceofthelegalmerger.
Asaresultoftheabove,immediatelyfollowingandsubject
totheexecutionoftheDeedofAmendmentinMay,each
oftheSellingShareholdersheld25,000,000oftheissued
andoutstandingsharesofTomTomNederlandBV.
TomTomNederlandBVwasconvertedtoTomTomNVby
adeedofconversionandamendmenttotheArticlesof
Associationon13May2005.