Shareholders’ equity 26
On December 31, 2008, the nominal capital of adidas AG (“the company”) amounted to € 193,515,512 divided into 193,515,512 no-par-value bearer shares (“shares”) and was fully paid in.
As a result of the exercise of 4,100 share options in August 2009 and the issuance of 16,400 shares associated with the company’s Management Share Option Plan (MSOP) on October 5, 2009, the nominal capital of adidas AG increased to an overall amount of € 193,531,912 and was divided into 193,531,912 shares.
Furthermore, the nominal capital increased as a result of the exercise of all 7,999 outstanding convertible bonds with conversion rights issued by adidas International Finance B.V. (formerly adidas-Salomon International Finance B.V.) in 2003 and guaranteed by adidas AG (formerly adidas-Salomon AG), and the issuance of 15,684,274 new shares on November 9, 2009 to an overall amount of € 209,216,186 divided into 209,216,186 shares.
At the balance sheet date, the nominal capital of the company amounted to a total of € 209,216,186 and was divided into 209,216,186 shares. The nominal capital is fully paid in.
The corresponding adjustment to the amount of nominal capital resulting from the above transactions up to and including December 31, 2009 was submitted for declaratory entry in the commercial register on January 28, 2010.
Apart from the aforementioned, there were no changes to the nominal capital. Consequently, on February 19, 2010, the nominal capital of adidas AG amounts to € 209,216,186 and is divided into 209,216,186 shares.
Each share grants one vote and is entitled to dividends starting from the beginning of the year it was issued. Treasury shares held directly or indirectly are not entitled to dividend payment in accordance with § 71 b German Stock Corporation Act (Aktiengesetz – AktG). On February 19, 2010, the company did not hold treasury shares.