Notes to the consolidated financial statements (IFRS)

20. ISSUED CAPITAL AND RESERVES
           
EUR million Number of shares Share capital Share issue
premiums and other reserves
Share issue
based on
stock options
Total
1 Jan 2013 72 377 213 75.9 41.4 1.2 118.5
Translation difference     -1.2   -1.2
Share subscriptions based on stock options 755 154 0.7 5.5   6.2
Share subscriptions based on stock options,
not yet registered
      -1.1 -1.1
Transfer from/to retained earnings         0.0
31 Dec 2013 73 132 367 76.6 45.7 0.1 122.4
           
Translation difference     -1.8   -1.8
Share subscriptions based on stock options 543 536     -0.1 -0.1
Share subscriptions based on stock options,
not yet registered
      0.5 0.5
Transfer from/to retained earnings         0.0
31 Dec 2014 73 675 903 76.6 43.9 0.5 121.0
           
At the end of 2014, Tieto Corporation’s total authorised number of shares was 73 675 903 (2013: 73 132 367 shares). The company has one class of shares, with each share conferring equal dividend rights and one vote. The company’s Articles of Association include a restriction on voting at the Annual General Meeting, where no-one is allowed to vote with more than one-fifth of the votes represented at the meeting. Tieto’s shares have no par value and have a book counter-value of one euro. All issued shares are fully paid.
 
At the end of 2014, the number of shares in the company’s or its subsidiaries’ possession totalled 510 819, representing 0.7% of the total number of shares and voting rights. In February, the Board of Directors decided on a directed share issue related to the reward payment for the performance period 2013 of Tieto’s Long-Term Incentive Programme 2012–2014. In the share issue, 31 174 Tieto shares held by the company were conveyed without consideration to the Leadership Team members participating in the programme. The company received a return of 199 shares free of consideration during the year. The number of outstanding shares, excluding the treasury shares, was 73 165 084 at the end of the year.
 
Share issue premiums and other reserves include share issue premium of Parent company and statutory reserve fund of Tieto Sweden AB.