The authorised capital totals EUR 1.5 billion and is divided into 30 million ordinary shares, each with a nominal value of EUR 50. At year-end, there were 13,494,697 ordinary shares (2017: 12,247,373 shares), each of EUR 50, issued to and fully paid up by Stichting Administratiekantoor Aandelen Triodos Bank. As at the same date, Stichting Administratiekantoor Aandelen Triodos Bank had also issued 13,494,697 depository receipts (2017: 12,247,373 depository receipts), each with a nominal value of EUR 50.

The purchasing and reissuing of depository receipts for own shares is charged or credited respectively to the Other reserves. Any balance remaining after the re-issuing of all own depository receipts purchased shall be placed at the disposal of the Annual General Meeting.

The movement in the number of shares is as follows:

in thousands of EUR

2018

2017

Number of shares as at 1 January

12,247,373

11,088,308

Increase of share capital

1,001,861

935,541

Stock dividend

245,463

223,524

Number of shares as at 31 December

13,494,697

12,247,373