<< < > >>
Search:
| Full PDF report | Print this page |
Annual Report & Accounts 2013 - NOTES TO THE COMPANY FINANCIAL STATEMENTS
slide
<< < > >>
The expected volatility is based on the historic volatility (calculated based on the weighted average remaining life of the share options), adjusted for any expected changes to future volatility due to publicly available information. There are no market conditions associated with the share option grants. 10. SHARE CAPITAL AND RESERVES Share Share Merger Retained Capital Premium Reserve Earnings Total €000's €000's €000's €000's €000's At 1 January 2013 316 611 40,407 (10,442) 30,892 Earnings for the period - - - (5,969) (5,969) Dividends paid - - - (14,979) (14,979) Issue of share capital for the acquisition of Sportingbet PLC 290 83,628 - - 83,918 Share option charge - - - 736 736 Lapsed share options - - - (6) (6) Share options exercised 3 291 - - 294 At 31 December 2013 609 84,530 40,407 (30,660) 94,886 11. DIVIDENDS The dividends paid in the year were as follows: 2013 Declaration date EURO amount GBP amount €000's 25 January 2013 0.07 0.05895 2,212 01 July 2013 0.105 0.090658 6,378 25 September 2013 0.105 0.08816106 6,389 14,979 All reserves of the Company are distributable, as under The Isle of Man Companies Act 2006 distributions are not governed by reserves but by the Directors undertaking an assessment of the Company's solvency at the time of distribution (section 49, 2006 Companies Act Isle of Man). GVC HOLDINGS PLC ANNUAL REPORT 2013 75 COMPANY FINANCIAL STATEMENTS