Share Capital and Capital reserve

Ordinary Shares

On January 2, 2019, the Company issued a share dividend of 171,092 ordinary shares calculated as 20% of the increase in the market price of our ordinary shares compared to 2017 dividend price of $16.6516 multiplied by Preferred Share Dividend Equivalent. The Dividend Price used to calculate the Annual Dividend Amount was $16.7538 (calculated based upon the volume weighted average price for the last ten consecutive trading days of 2018).

On March 22, 2019 the Company issued 20,000,000 ordinary shares in a public offering at $20.00 per share for aggregate gross proceeds of $400.0 million (€353.6 million). Directly attributed transaction costs of €11.1 million were incurred.

The Company issued 32,167 ordinary shares in June 2019 to Non-Executive Directors as disclosed in Note 15.

In June 2019, former Non-Executive Directors exercised 9,375 of 125,000 initial options granted to them for €0.1 million. The remaining options expire in June 2020.

In July 2019, following the resignation of a Non-Executive Director 2,460 shares were issued as disclosed in Note 15.

In August 2019, former Non-Executive Directors exercised a further 9,375 of 125,000 initial options granted to them for €0.1 million. The remaining options expire in June 2020.



	Shares		September 30, 2019		December 31, 2018
	September 30, 2019	December 31, 2018	€m		€m
Authorized Share Capital:
Unlimited number of Ordinary Shares with $nil nominal value issued at $10.00 per share	n/a	n/a	n/a		n/a
Unlimited number of Founder Preferred Shares with $nil nominal value issued at $10.00 per share	n/a	n/a	n/a		n/a

Issued and fully paid:
Ordinary Shares	194,505,457	174,229,051	2,109.4		1,751.7
Founder Preferred Shares	1,500,000	1,500,000	10.6		10.6
Total share capital and capital reserve			2,120.0		1,762.3
Listing and share transaction costs			(25.0	)	(13.8	)
Total net share capital and capital reserve			2,095.0		1,748.5