2014 Registration Document and Annual Financial Report - page 174

Financial Statemements
Consolidated Financial Statements and Notes
5
The period-end euro/local currency exchange rates applied to prepare the consolidated financial statements were as follows:
USD
AUD
PLN
GBP
CNY
December 2013
1.3791
1.5423
4.1543
0.8337
8.3491
December 2014
1.2141
1.4829
4.2732
0.7789
7.5358
(2) On June 30, 2014, Accor issued €887 million (net of transaction costs) worth of perpetual subordinated notes (see Note 3.G. for details).
(3) The 2012 and 2013 dividends were as follows:
(in euros)
2012
2013
2014*
Dividend per share
0.76
0.80
0.95
Special dividend per share
N/A
N/A
N/A
* Ordinary dividend per share recommended by the Board of Directors to the Annual Shareholders’ Meeting of April 28, 2015.
Part of the 2013 dividend was paid in cash and part in stock.
Number of Accor’s shares is detailed as follows:
Details on shares
2013
2014
Total number of shares authorized
228,053,102 231,836,399
Number of fully paid shares issued and outstanding
228,053,102 231,836,399
Number of shares issued and outstdanding not fully paid
-
-
Per value per share
(in euros)
3
3
Treasury stock
-
-
Number of shares held for allocation on exercise of stock options and grants
-
-
Number of outstanding shares and number of potential shares that could be issued breaks down as follows:
Number of issued shares at January 1, 2014
228,053,102
Performance shares granted
203,015
Shares issued on exercise of stock options
1,684,989
Shares issued in payment of dividends
1,895,293
Number of issued shares at December 31, 2014
231,836,399
Accor’s share capital at December 31, 2014
231,836,399
Shares in treasury
-
Outstanding shares at December 31, 2014
231,836,399
Stock option plans (see Note 26.3)
4,521,862
Performance shares plans (see Note 26.3)
817,503
Potential number of shares
237,175,764
Full conversion would have the effect of reducing debt at December 31, 2014 as follows:
(inmillions of euros)
Theoretical impact of exercising stock options*
123
Theoretical impact on net debt of exercising all equity instruments
123
* Assuming exercise of all options outstanding.
Registration Document 2014
172
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