Boskalis Annual Report 2020
Repurchase of shares On 15 March 2019 the Group announced a share buyback program of EUR 100 million, to reduce the capital outstanding. The repurchased shares in this program can be summarized as follows:
Number of shares (in millions) Amount (in thousands of EUR) Dividend tax (in thousands of EUR)
Cancellation of shares On 17 December 2020 the Group has reduced its issued share capital by cancelling 5,100,506 ordinary shares held in treasury.
Treasury stock The movements of the ordinary shares issued held in treasury were as follows:
(in number of ordinary shares)
Treasury stock as at 1 January
3,651,701 1,506,377 - 5,100,506
Repurchased shares Cancelled shares
Treasury stock as at 31 December
Shares per balance sheet date The issued capital as at 31 December 2020 consists of 130,277,832 ordinary shares (2019: 135,378,338 shares) with a par value of EUR 0.01 each (2019: EUR 0.01) and consequently amounts to EUR 1.3 million (2019: EUR 1.4 million). SHARE PREMIUM RESERVE The share premium reserve consists of additional paid-in capital exceeding the par value of the outstanding shares. The share premium is distributable free of tax. RETAINED EARNINGS Retained earnings consist of additions and distributions based on profit appropriations, effects of changes in accounting principles, losses and movements in the legal reserve. The balance is at the disposal of shareholders. Retained earnings also comprises the unappropriated profit or loss for the current year. A proposal for profit or loss appropriation is disclosed in note 6 of the Company financial statements and is included in Other information.
DIVIDEND Royal Boskalis Westminster N.V. distributed the following dividend to holders of ordinary shares:
Dividend prior year EUR 0.00 respectively EUR 0.50 per ordinary share
- - - - -
Total dividend distributed
Stock dividend Cash dividend
TOTAL DISTRIBUTED DIVIDEND
In 2020 no dividend was distributed to shareholders. An amount EUR 67 million was distributed as cash dividend in 2019.
ANNUAL REPORT 2020 – BOSKALIS A NUAL REPORT 2020 -- BOSKALIS
Made with FlippingBook Publishing Software