The authorised capital totals to an amount of 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 14,401,765 ordinary shares (2018: 13,494,697 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 14,401,765 depository receipts (2018: 13,494,697 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

2019

2018

Number of shares as at 1 January

13,494,697

12,247,373

Increase of share capital

642,944

1,001,861

Stock dividend

264,124

245,463

Number of shares as at 31 December

14,401,765

13,494,697