Annual Report 2007 - Muehlhan AG

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9. EQUITY
Subscribed capital
the parent company’s issued capital amounted to Eur 19,500 thousand at the balance sheet date. this corresponds
to the subscribed capital shown in the Group balance sheet. it is split into 19,500,000 non-par-bearer shares, each with
a Eur 1 share of the issued capital. in the previous year, Eur 15.500 thousand of issued capital was first contributed
by means of conversion in accordance with Section 190 et seq. of the German Conversion act (umwG) of the previous
Mühlhan Surface protection international GmbH, Hamburg. in october 2006, issued capital was increased by a
Eur 4,000 thousand new share issue.
on 28 March 2007, SG / GS Europe l.p., Edinburgh, SGCE investment Holdings i Sarl, luxembourg, SGCE investments
i Sarl, luxembourg, SGCE Holding i Sarl, luxembourg, SG Capital Europe fund i l.p., london and SG Capital Europe
ltd., london, advised us, in accordance with Section 20 para. 5 of the German Stock Corporation act (aktG), that they
indirectly hold less than one fourth of the shares in Muehlhan aG, in accordance with Section 16 para. 2 and 4 aktG.
on 3 May 2007, GiVE Maritime and industrial Services GmbH, itzehoe, informed us, in accordance with Section 20
para. 5 aktG, that it holds less than one fourth of the shares of the company.
on 3 May 2007, dr Wulf-dieter H. Greverath and Ms. angelika Ebba Greverath advised us, in accordance with
Section 20 para. 5 aktG, that they do not hold an indirect majority stake in the company and, in accordance with
Section 16 para. 4 aktG, they indirectly hold more than one fourth of the shares, including their interests in GiVE
Maritime and industrial Services GmbH, itzehoe and Greverath investment Verwaltungs- und Erhaltungs-Gbr, Hamburg,
which they control.
on 3 May 2007, Greverath investment Verwaltungs- und Erhaltungs-Gbr advised us, in accordance with Section 20
para. 5 aktG, that it holds less than one fourth of the shares in our company directly and, in accordance
with Section 16 para. 4 aktG, it indirectly no longer holds a majority stake, including its interest in GiVE Maritime and
industrial Services GmbH, itzehoe, which it controls. indirectly, including its interest in GiVE Maritime and industrial
Services GmbH, it holds more than one fourth of our company, in accordance with Section 16 para. 4 aktG.
the parent company’s authorized capital amounts to Eur 9,250 thousand.
Capital reserves
in the previous year, the premium from the issuance of 4 million new shares totaling Eur 19,200 thousand was allocated
to capital reserves. Expenses in connection with the issuance of own stock less attributable tax charges in the net amount
of Eur 1,205 thousand were offset against capital reserves.