Part of the Consolidated Financial Statements as of 31 December 2009; audited by KPMG AG Wirtschaftsprüfungsgesellschaft.

[30] Common Shares


Common Shares

Deutsche Bank’s share capital consists of common shares issued in registered form without par value. Under German law, each share represents an equal stake in the subscribed capital. Therefore, each share has a nominal value of € 2.56, derived by dividing the total amount of share capital by the number of shares.

Number of shares

Issued and fully paid

Treasury shares

Outstanding

Common shares, January 1, 2008

530,400,100

(29,334,819)

501,065,281

Shares issued under share-based compensation plans

458,915

458,915

Capital increase

40,000,000

40,000,000

Shares purchased for treasury

(369,614,111)

(369,614,111)

Shares sold or distributed from treasury

390,756,870

390,756,870

Common shares, December 31, 2008

570,859,015

(8,192,060)

562,666,955

Shares issued under share-based compensation plans

Capital increase

50,000,000

50,000,000

Shares purchased for treasury

(476,284,991)

(476,284,991)

Shares sold or distributed from treasury

483,793,356

483,793,356

Common shares, December 31, 2009

620,859,015

(683,695)

620,175,320

There are no issued ordinary shares that have not been fully paid.

Shares purchased for treasury consist of shares held by the Group for a period of time, as well as any shares purchased with the intention of being resold in the short-term. In addition, the Group has launched share buy-back programs. Shares acquired under these programs serve among other things, share-based compensation programs, and also allow the Group to balance capital supply and demand. The sixth buy-back program was completed in May 2008. In the fourth quarter of 2008, the majority of the remaining shares were sold in the market. The seventh share buy-back program was started in July 2009. All such transactions were recorded in shareholders’ equity and no revenues and expenses were recorded in connection with these activities.

On March 6, 2009, Deutsche Bank AG issued 50 million new common shares against a contribution-in-kind of 50 million ordinary shares of Deutsche Postbank AG, resulting in a share capital increase of € 128 million. The shares were issued with full dividend rights for the year 2008 from authorized capital and without subscription rights.

Authorized and Conditional Capital

Deutsche Bank’s share capital may be increased by issuing new shares for cash and in some circumstances for non-cash consideration. As of December 31, 2009, Deutsche Bank had authorized but unissued capital of € 485,480,000 which may be issued at various dates through April 30, 2014 as follows.

Authorized capital

Expiration date

1

Capital increase may be affected for non-cash contributions with the intent of acquiring a company or holdings in companies.

€   30,600,000

April 30, 2012

€ 140,000,0001

April 30, 2013

€ 314,880,000

April 30, 2014

The Annual General Meeting on May 26, 2009 authorized the Management Board to increase the share capital by up to a total of € 128,000,000 against cash payments with the consent of the Supervisory Board. The expiration date is April 30, 2014. This additional authorized capital was subject of a law suit (summary proceeding according to Section 246a AktG) which ended February 23, 2010, with the approval by the Higher Regional Court Frankfurt. The entry in the Commercial Register will follow shortly. This authorized capital will become effective upon its entry.

Additionally, the Annual General Meeting on May 26, 2009 authorized the Management Board to increase the share capital by up to a total of € 176,640,000 against cash payments or contributions-in-kind with the consent of the Supervisory Board. The expiration date is April 30, 2014. This authorized capital was also subject of a law suit (summary proceeding according to Section 246a AktG) which ended February 23, 2010, with the approval by the Higher Regional Court Frankfurt. The entry in the Commercial Register will follow shortly. This authorized capital will become effective upon its entry.

Deutsche Bank also had conditional capital of € 406,000,000. Conditional capital is available for various instruments that may potentially be converted into common shares.

The Annual General Meeting on May 29, 2008 authorized the Management Board to issue once or more than once, bearer or registered participatory notes with bearer warrants and/or convertible participatory notes, bonds with warrants, and/or convertible bonds on or before April 30, 2013. For this purpose, share capital was increased conditionally by up to € 150,000,000.

The Annual General Meeting on May 26, 2009 authorized the Management Board to issue once or more than once, bearer or registered participatory notes with bearer warrants and/or convertible participatory notes, bonds with warrants, and/or convertible bonds on or before April 30, 2014. For this purpose, share capital was increased conditionally by up to € 256,000,000.

Dividends

The following table presents the amount of dividends proposed or declared for the years ended December 31, 2009, 2008 and 2007, respectively.

 

2009 (proposed)

2008

2007

1

Cash dividend for 2009 is based on the number of shares issued as of December 31, 2009.

Cash dividends declared1 (in € m.)

466

309

2,274

Cash dividends declared per common share (in €)

0.75

0.50

4.50

No dividends have been declared since the balance sheet date.

Service Functions

Download PDF (Notes to the Consolidated Financial Statements, 997 kB) Download XLS (Common Shares, 22 kB)

Download pdf

Download xls

Add file

Print

e-mail

Key Figures Comparison

Compare keyfigures of the last four years [more]