33. Share capital
As at 31 December 2013 and 31 December2012 share capital was equal to USD 51.6 million.
|
Number of ordinary shares authorised and issued (shares) |
Number of treasury shares (shares) |
Number of ordinary shares outstanding (shares) |
|
|---|---|---|---|
|
31 December 2012 |
1,110,616,299 |
(62,814,444) |
1,047,801,855 |
|
31 December 2013 |
1,110,616,299 |
(53,757,439) |
1,056,858,860 |
All issued shares are fully paid. The total number of unissued ordinary shares is 250,000,000 shares (31 December 2012: 250,000,000 shares) with a par value of RUB 1 per share (31 December 2012: RUB 1 per share).
Ordinary shareholders are entitled to one vote per share.
In 2013, the number of the Group’s treasury shares decreased by 9,057,005 shares due to the exercise of rights under the share option programme (Note 39) and sale of 85,900 treasury shares; the Group also repurchased 227,696 shares from the Company’s shareholders (2012: the decrease was 7,580,643 shares).
As at 31 December 2013, treasury shares were held by wholly-owned subsidiaries of the Group and by the Company:
|
31 December 2013 |
31 December 2012 |
|
|---|---|---|
|
Aeroflot |
227,696 |
- |
|
Aeroflot Finance |
53,527,652 |
62,726,453 |
|
LLC Partner Aeroflot (“Partner Aeroflot“) |
2,091 |
87,991 |
|
Total number of treasury shares |
53,757,439 |
62,814,444 |
These ordinary shares carry voting rights in the same proportion as other ordinary shares. Voting rights of ordinary shares of the Company held by the entity within the Group are effectively controlled by management of the Group.
The Company’s shares are listed on the Moscow Exchange; as at 31 December 2013 and 31 December 2012, they were traded at RUB 84.1 (USD 2.57 at the exchange rate as at 31 December 2013) per share and RUB 45.3 (USD 1.49 at the exchange rate as at 31 December 2012) per share, respectively.
The Company launched Global Depositary Receipts (GDRs) programme in December 2000. A Global Depositary Receipt represents 100 ordinary shares. As at 31 December 2013 and 31 December 2012, the GDRs were traded on the Frankfurt stock exchange at Euro 178.0 (USD 244.6 at the exchange rate as at 31 December 2013) per GDR and Euro 111.0 (USD 147.5 at the exchange rate as at 31 December 2012) per GDR, respectively.
Notes in Consolidated Statements:
Consolidated Statement of Financial Position
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