Boskalis_Annual_Report_2016

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23. GROUP EQUITY
SHARE CAPITAL AND DIVIDEND 23.1
The nominal value of shares was reduced in 2016. As a result, the issued and fully paid share capital
decreased by EUR 104.0 million to EUR 1.3 million, with an opposite effect on the share premium reserve.
Movements of the ordinary shares issued were as follows:
(in number of ordinary shares) 2016 2015
Issued and fully paid shares entitled to dividend at 1 January 125,627,062 122,937,820
Stock dividend 4,449,790 2,689,242
Issued and fully paid shares entitled to dividend at 31 December 130,076,852 125,627,062
The authorized share capital of EUR 4.8 million (2015: EUR 240 million) is divided into 240,000,000
(2015: 150,000,000) ordinary shares with a par value of EUR 0.01 (2015: EUR 0.80) each and
80,000,000 (2015: 50,000,000) cumulative protective preference shares with a par value of EUR 0.03
(2015: EUR 2.40) each.
No own shares were owned by the Group as at 31 December 2016 as part of the issued share capital
(2015: zero).
Stock dividend
In 2016 a dividend of EUR 1.60 per share was distributed relating to the 2015 financial year, resulting in
a total amount of EUR 201.0 million. Of all shareholders 72% opted to receive the dividend in ordinary
shares. As a result 4,449,790 new ordinary shares were issued.
Shares per balance sheet date
The issued capital as at 31 December 2016 consists of 130,076,852 ordinary shares with a par value
of EUR 0.01 each (2015: EUR 0.80) and consequently amounts to EUR 1.3 million
(2015: EUR 100.5 million).
SHARE PREMIUM RESERVE 23.2
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. Following the reduction in the nominal value of each
share ), the share premium reserve increased by EUR 102.8 million.
RETAINED EARNINGS 23.3
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 of the Company financial statements and is
included in Other information.
DIVIDEND 23.4
Royal Boskalis Westminster N.V. announced and distributed the following dividend to holders of ordinary
shares:
2016 2015
Dividend prior year EUR 1.60 respectively EUR 1.60 per ordinary share 201,003 195,694
Total dividend announced and distributed 201,003 195,694
Stock dividend 145,241 148,132
Cash dividend 55,762 47,562
TOTAL DISTRIBUTED DIVIDEND 201,003 195,694
In 2016 28% of the shareholders opted for a distribution of dividend in cash. An amount of
EUR 55.8 million was distributed and the accompanying dividend tax was paid in July 2016.
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ANNUAL REPORT 2016 – BOSKALIS