19. Issued capital and reserves

Equity and liabilities

19. 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 2015 73 675 903 76.6 43.9 0.5 121.0
Translation difference     0.7   0.7
Share subscriptions based on stock options 334 050     -0.5 -0.5
Share subscriptions based on stock options,
not yet registered
      0.0 0.0
Transfer from/to retained earnings         0.0
31 Dec 2015 74 009 953 76.6 44.6 0.0 121.2
           
Translation difference     -1.2   -1.2
Share subscriptions based on stock options 99 299     0.0 0.0
Share subscriptions based on stock options,
not yet registered
        0.0
Transfer from/to retained earnings         0.0
31 Dec 2016 74 109 252 76.6 43.4 0.0 120.0
           
At the end of 2016, Tieto Corporation’s total authorised number of shares was 74 109 252 (2015: 74 009 953 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 2016, the number of shares in the company’s or its subsidiaries’ possession totalled 411 682 representing 0.6% of the total number of shares and voting rights. In March, the Board of Directors decided on a directed share issue related to the reward payment for Tieto’s Long-Term Incentive Programme. In the share issue, 53 402 Tieto shares held by the company were conveyed without consideration to the Leadership Team members participating in the programme. The number of outstanding shares, excluding the treasury shares, was 73 697 570 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.
           
In 2016 dividends were paid EUR 1.35 per share, totalling EUR 99.3 million (2015 1.30 per share, totalling EUR 95.2 million). After the reporting period, the Board of Directors has proposed to distribute dividend EUR 1.37 per share, totalling EUR 101.0 million.