(i) Share capital
Presented below is the structure of the Company’s share capital as at 31 December 2016 and at 31 December 2015:
| Share series | Number of shares | Nominal value of shares | Type of shares |
|---|---|---|---|
| Series A | 2,500,000 | 0.1 | preference shares (2 voting rights) |
| Series B | 2,500,000 | 0.1 | preference shares (2 voting rights) |
| Series C | 7,500,000 | 0.3 | preference shares (2 voting rights) |
| Series D | 166,917,501 | 6.7 | preference shares (2 voting rights) |
| Series D | 8,082,499 | 0.3 | ordinary bearer shares |
| Series E | 75,000,000 | 3.0 | ordinary bearer shares |
| Series F | 5,825,000 | 0.2 | ordinary bearer shares |
| Series H | 80,027,836 | 3.2 | ordinary bearer shares |
| Series I | 47,260,690 | 1.9 | ordinary bearer shares |
| Series J | 243,932,490 | 9.8 | ordinary bearer shares |
| Total | 639,546,016 | 25.6 |
The shareholders’ structure as at 31 December 2016 and 31 December 2015 was as follows:
| Number of shares | Nominal value of shares | % of share capital held | Number of votes | % of voting rights | ||
|---|---|---|---|---|---|---|
| Karswell Ltd. 1 | 157,988,268 | 6.3 | 24.70% | 157,988,268 | 19.29% | |
| Reddev Investments Ltd. 2 | 154,204,296 | 6.2 | 24.11% | 306,709,172 | 37.45% | |
| Sensor Overseas Ltd. 3 | 54,921,546 | 2.2 | 8.59% | 81,662,921 | 9.97% | |
| Embud Sp. z o.o. 1 | 58,063,948 | 2.3 | 9.08% | 58,063,948 | 7.09% | |
| Other | 214,367,958 | 8.6 | 33.52% | 214,539,208 | 26.20% | |
| Total | 639,546,016 | 25.6 | 100% | 818,963,517 | 100% | |
1 Entity is controlled by Mr. Zygmunt Solorz
2 Reddev Investments Ltd. is an indirect subsidiary of Mr. Zygmunt Solorz
3 Sensor Overseas Ltd. is controlled by EVO Foundation
(ii) Share premium
Share premium includes the excess of issue value over the nominal value of shares issued decreased by share issuance-related consulting costs.
(iii) Retained earnings
On 29 June 2016 the Annual General Meeting of the Company adopted a resolution on distribution of profit of the Company for the financial year of 2015. Pursuant to the provisions of the resolution the net profit earned by the Company in the financial year of 2015 in the amount of PLN 446.1 is appropriated to the supplementary capital.
(iv) Other reserves
Other reserves include hedge valuation effect and actuarial gains.