39. Capital

The authorised capital totals EUR 1.5 billion and is divided into 30 million shares, each with a nominal value of EUR 50. At year-end, there were 12,247,373 shares (2016: 11,088,308 shares), each of EUR 50, issued to and fully paid up by Stichting Administratiekantoor Aandelen Triodos Bank. As at the same date, Stichting Administratiekantoor Aandelen Triodos Bank had also issued 12,247,373 depository receipts (2016: 11,088,308 depository receipts), each with a nominal value of EUR 50.

The purchasing and reissuing of depository receipts for own shares is charged or credited respectively to the Other reserves. Any balance remaining after the re-issuing of all own depository receipts purchased shall be placed at the disposal of the Annual General Meeting.

The movement in the number of shares is as follows: