Note 31 – Equity

The Parent company, ÅR Packaging Group AB, has issued 10,000,100 shares of which:

  • 3,500,000 A-shares
  • 6,500,000 B-shares and
  • 100 C-shares

All share types have the same voting rights, however there is a difference regarding dividends and the residual capital share between the different share types in accordance with the provisions in the Company’s Articles of Association. For more information, please refer to the Company’s web page where a copy of the latest version of the Company’s Articles of Association can be found.

Reserves are consisting of exchange differences on translation of foreign operations.

A new long term incentive program for key management of the group has been established during 2015. The program consists of 500 000 warrants , all of which have been issued and subscribed for. The subscription price is 0.74 EUR with a strike price of 20.00 EUR for each warrant. The duration of the program is until December 2020. If all warrants are converted into shares the total number of shares will be diluted with around 5%.

Earnings per share are calculated by dividing the profit attributable to the parent company’s shareholders by the weighted average number of ordinary shares outstanding during the period.

2015 2014 2013
Profit attributable to the shareholders of the parent company 19 930 15 523 8 660
Weighted average number of outstanding ordinary shares 10 000 100 10 000 100 10 000 100
Earnings per share before and after dilution 2.00 1.56 0.86