The nominal capital of adidas AG amounts to a total of € 180,000,000 divided into 180,000,000 registered no-par-value shares.
Further information on the current amounts of authorized or contingent capital approved by our shareholders and filed with the Commercial Register can be taken from § 4 of the Articles of Association of adidas AG.
Hereafter, please find a chart summarizing the development of the nominal capital of adidas AG since going public in 1995.
Nominal Capital development
|Measure||Nominal Capital||Number of Shares|
|11/11/1995||Going Public||DM 226,746,000||45,349,200
bearer shares with
|08/27/1999||Conversion to no-par-value shares denominated in euros;
simultaneous increase from company reserves by EUR 160,563.11 without issuing new shares to achieve even amounts for the accounting value of the participation in the nominal capital attributed to each no-par-value share
|10/08/2002||Increase by EUR 187,648 through issuing 73,300 new shares from contingent capital in connection with the MSOP¹||EUR 116,281,600.00||45,422,500|
|01/16/2003||Increase by EUR 45,440 through issuing 17,750 new shares¹||EUR 116,327,040.00||45,440,250|
|07/04/2003||Increase by EUR 34,560 through issuing 13,500 new shares¹||EUR 116,361,600.00||45,453,750|
|01/12/2004||Increase by EUR 213,248 through issuing 83,300 new shares¹||EUR 116,574,848.00||45,537,050|
|07/05/2004||Increase by EUR 387,456 through issuing 151,350 new shares¹||EUR 116,962,304.00||45,688,400|
|10/01/2004||Increase by EUR 436,736 through issuing 170,600 new shares¹||EUR 117,399,040.00||45,859,000|
|01/05/2005||Increase by EUR 207,488 through issuing 81,050 new shares¹||EUR 117,606,528.00||45,940,050|
|06/30/2005||Increase by EUR 214,028.80 through issuing 83,605 new shares¹||EUR 117,820,556.80||46,023,655|
|10/04/2005||Increase by EUR 529,536 through issuing 206,850 new shares¹||EUR 118,350,092.80||46,230,505|
|11/04/2005||Increase by EUR 11,600,000 through issuing 4,531,250 new shares from authorized capital||EUR 129,950,092.80||50,761,755|
|01/03/2006||Increase by EUR 141,568 through issuing 55,300 new shares¹||EUR 130,091,660.80||50,817,055|
|05/29/2006||Increase by EUR 73,176,559.20 from company reserves without issuing new shares; stock split at a ratio of 1:4 (implementation at the stock exchange effective on June 6, 2006)||EUR 203,268,220||203,268,220|
|End of May 2006||Increase by EUR 1,960 through issuing 1,960 new shares following the exercise of a conversion right based on a bond in the amount of EUR 50,000²||EUR 203,270,180||203,270,180|
|07/07/2006||Increase by EUR 226,680 through issuing 226,680 new shares¹||EUR 203,496,860||203,496,860|
|10/09/2006||Increase by EUR 40,000 through issuing 40,000 new shares¹||EUR 203,536,860||203,536,860|
|01/12/2007||Increase by EUR 30,200 through issuing 30,200 new shares¹||EUR 203,567,060||203,567,060|
|07/06/2007||Increase by EUR 58,000 through issuing 58,000 new shares¹||EUR 203,625,060||203,625,060|
|10/08/2007||Increase by EUR 3,900 through issuing 3,900 new shares¹||EUR 203,628,960||203,628,960|
|01/15/2008||Increase by EUR 16,000 through issuing 16,000 new shares¹||EUR 203,644,960||203,644,960|
|07/02/2008||Reduction of nominal capital by EUR 5,511,023 through cancellation of 5,511,023 treasury shares³||EUR 198,133,937||198,133,937|
|07/04/2008||Increase by EUR 44,400 through issuing 44,400 new shares¹||EUR 198,178,337||198,178,337|
|10/06/2008||Increase by EUR 8,400 through issuing 8,400 new shares¹||EUR 198,186,737||198,186,737|
|12/15/2008||Reduction of nominal capital by EUR 4,671,225 through cancellation of 4,671,225 treasury shares³||EUR 193,515,512||193,515,512|
|10/05/2009||Increase by EUR 16,400 through issuing 16,400 new shares¹||EUR 193,531,912||193,531,912|
|11/09/2009||Increase by EUR 15,684,274 through issuing 15,684,274 new shares following the exercise of conversion rights based on 7,999 bonds in the amount of EUR 50,000 each²||EUR 209,216,186||209,216,186|
|10/11/2010||Conversion to registered no-par-value shares||EUR 209,216,186||
|10/22/2018||Reduction of nominal capital by EUR 8,800,000 through cancellation of 8,800,000 treasury shares||EUR 200,416,186||200,416,186
|11/30/2021||Reduction of nominal capital by EUR 8,316,186 through cancellation of 8,316,186 treasury shares||EUR 192,100,000||192,100,000 registered no-par-value shares|
|11/28/2022||Reduction of nominal capital by EUR 12,100,000 through cancellation of 12,100,000 treasury shares||EUR 180,000,000||180,000,000 registered no-par-value shares|
1) based on the exercise of subscription rights in connection with the Management Share Option Plan ("MSOP") of the Company (see authorization resolution adopted by the Annual General Meeting of May 20, 1999 in the version of the resolutions of the Annual General Meeting of May 8, 2002, of May 13, 2004 and of May 11, 2006).
2) based on the exercise of conversion rights in connection with the Convertible Bond 2003/2018 (see authorization resolution adopted by the Annual General Meeting of May 8, 2003).
3) based on the Share Buyback Program of adidas AG announced on January 29, 2008, during the course of which adidas AG had purchased a total of EUR 10,182,248 shares via the stock exchange between January 30, 2008 and October 22, 2008.