Company Information
Lighthouse Capital’s primary objective is investing and developing in diverse global real estate.
The Company seeks to invest predominantly in Europe targeting properties with strong sustainable income from high quality tenants with a strong likelihood of renewal of leases on expiry.
Listed investments are well diversified and include real estate securities with reasonable yields and growth outlooks.
Stated Capital
As at 30 September 2018
| GROUP | COMPANY | |||
| 2018 EUR |
2017 EUR |
2018 EUR |
2017 EUR |
|
| Authorised | ||||
| 18,386,433,004 (2017: 15,721,669,363) ordinary shares of no par value | ||||
| Issued | ||||
| 9,488,106,526 (2017: 9,322,176,525) ordinary shares of no par value at an average of approximately EUR 0.063 (2017: EUR 0.105) per share*) | 600,703,936 | 975,367,686 | 600,703,936 | 975,367,686 |
| * Transaction costs recognised as a deduction from equity amounted to EUR 0.02 million (2017: EUR 1.43 million). | ||||
TRANSFERS FROM STATED CAPITAL TO NON-DISTRIBUTABLE RESERVE AND REPAYMENTS OF CAPITAL
- Shareholders authorised the transfer of EUR 400 million from stated capital to non-distributable reserve at a general meeting of the company held on 2 August 2018.
- On 21 September 2018, the company’s board authorised a return of capital of EUR 300 million from non-distributable reserve, payable to shareholders on 8 October 2018.
Subsequent events
- Shareholders authorised the transfer of EUR 450 million from stated capital to non-distributable reserve at a general meeting of the company held on 26 November 2018.
- On 27 November 2018, the company’s board authorised a return of capital of EUR 300 million from non-distributable reserve, payable to shareholders on 10 December 2018.
RECONCILIATION OF MOVEMENT IN ISSUED SHARES DURING THE YEAR
As at 30 September 2018
| GROUP | COMPANY | |||
| 2018 EUR |
2017 EUR |
2018 EUR |
2017 EUR |
|
| Balance at the beginning of the year | 9,322,176,525 | 4,920,833,333 | 9,322,176,525 | 4,920,833,333 |
| Shares issued by way of scrip distribution: | 129,515,466 | 172,575,922 | 129,515,466 | 172,575,922 |
| 6 Dec 2016 | – | 56,962,424 | – | 56,962,424 |
| 14 Jun 2017 | – | 115,613,498 | – | 115,613,498 |
| 20 Dec 2017 | 129,515,466 | – | 129,515,466 | – |
| Shares issued by way of bookbuild | – | 4,228,767,270 | – | 4,228,767,270 |
| 27 March 2017 | – | 1,324,503,311 | – | 1,324,503,311 |
| 12 Jun 2017 | – | 620,000,000 | – | 620,000,000 |
| 22 Aug 2017 | – | 2,284,263,959 | – | 2,284,263,959 |
| Incentive shares issued to the Greenbay Share Trust on 14 December 2017 (* 1) |
– | – | 36,414,535 | – |
| Acquired by Greenbay Investments 1 Limited during the year (* 2) |
(332,303,187) | – | – | – |
| 9,119,388,804 | 9,322,176,525 | 9,488,106,526 | 9,322,176,525 | |
| Treasury shares at 30 September 2018: (* 1) The group held 36,414,535 treasury shares in The Greenbay Share Trust. (* 2) The group held 332,303,187 treasury shares in Greenbay Investments 1 Limited. The treasury shares were acquired between 12 June 2018 and 28 September 2018, excluding regulatory closed periods |
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