Shares issued and potential number of shares
In addition to the shares already outstanding, Fortis issued options or instruments containing option features, which could upon exercise lead to an increase in the number of outstanding shares. The table below shows an overview of the shares issued and the potential number of shares as at 31 December 2007.
 Download XLS |
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Number of shares at 31 December 2007 |
2,366,595,497 |
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Shares that may be issued: |
|
|
- in connection with option plans, including warrants (see note 10) |
37,510,261 |
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- in connection with convertible securities (see note 30) |
105,388,375 |
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Total potential number of shares at 31 December 2007 |
2,509,494,133 |
Treasury shares
Treasury shares are ordinary shares reacquired by Fortis. The shares are deducted from Shareholders’ equity under the heading Other reserves. No gain or loss is recognised on the purchase or sale of treasury shares, nor on rights obtained to buy or sell such shares. Consideration paid or received, including after tax transaction costs, is recognised directly in Shareholders’ equity.
Outstanding shares
The following table shows the number of outstanding shares:
| Download XLS |
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Shares |
Treasury |
Shares |
|
|
issued |
shares |
outstanding |
|
|
|
|
|
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Number of shares at 1 January 2006 |
1,340,822,545 |
(57,212,183) |
1,283,610,362 |
|
Issued related to option plans |
1,993,000 |
|
1,993,000 |
|
Balance (acquired)/sold |
|
6,513,729 |
6,513,729 |
|
Number of shares at 31 December 2006 |
1,342,815,545 |
(50,698,454) |
1,292,117,091 |
|
Issued related to option plans |
2,284,985 |
|
2,284,985 |
|
Issued related to Rights Issue |
896,181,684 |
|
896,181,684 |
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Issued related to convertible securities |
125,313,283 |
|
125,313,283 |
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Balance (acquired)/sold |
|
(123,934,575) |
(123,934,575) |
|
Number of shares at 31 December 2007 |
2,366,595,497 |
(174,633,029) |
2,191,962,468 |
Fortis has placed on 25 September 2007 a fully underwritten Rights Issue of 896,181,684 new shares at a subscription price of EUR 15.00 per new share (with Fortis SA/NV VVPR Strip) on the basis of 2 new shares for every 3 existing shares held at market close on 24 September 2007. The subscription period for the Rights concluded on 9 October 2007. 878,216,262 new shares and 878,216,262 VVPR strips Fortis SA/NV, representing approximately 97.995% of the total number of new shares offered to shareholders pursuant to the fully underwritten Rights Issue, were subscribed to. Settlement of the Rights Issue occured with value on 15 October 2007. The remaining 17,965,422 new shares were placed through an accelerated private placement.
The following table provides a specification of treasury shares as at 31 December.
| Download XLS |
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|
2007 |
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2006 |
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2005 |
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Number |
Value |
Number |
Value |
Number |
Value |
|
|
|
|
|
|
|
|
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Held in trading portfolio |
4,369,337 |
79 |
4,969,302 |
161 |
4,574,559 |
123 |
|
Held in investment portfolio |
167,612,894 |
3,335 |
42,979,979 |
1,137 |
45,220,942 |
1,180 |
|
Held in other assets for option plans |
|
|
1,072,126 |
17 |
1,388,868 |
22 |
|
Held for unit-linked contracts |
1,865,020 |
34 |
1,258,395 |
41 |
5,142,356 |
138 |
|
Held by Associates |
785,778 |
14 |
418,652 |
13 |
885,458 |
24 |
|
Balance at 31 December |
174,633,029 |
3,462 |
50,698,454 |
1,369 |
57,212,183 |
1,487 |
