back 
A breakdown of equity is shown in the chapter Statement of Changes in Equity.
Subscribed capital is structured as follows:
|
Subscribed capital |
Dec 31, 2008 |
|
Dec 31, 2007 |
|
Dec 31, 2008 |
|
Dec 31, 2007 | ||
|
|
in ’000 |
in % |
|
in ’000 |
in % |
|
€ million |
|
€ million |
|
Common shares |
523,405 |
93.1 |
|
523,405 |
93.1 |
|
1,340 |
|
1,340 |
|
Preferred shares |
39,000 |
6.9 |
|
39,000 |
6.9 |
|
100 |
|
100 |
|
|
562,405 |
100.0 |
|
562,405 |
100.0 |
|
1,440 |
|
1,440 |
Common and preferred shares are no-par-value bearer share certificates. Preferred shares have no voting rights. Under certain conditions, preferred shares are entitled to payment of a preference dividend of €0.13 per preferred share, upon allocation of the company’s profits.
Pursuant to the resolution passed by the Annual General Meeting on April 17, 2008, the Executive Board was authorized to increase the company’s capital stock, subject to the Supervisory Board’s approval, by up to €287,951,360.00 until April 16, 2013, through the issuance of new bearer common shares in return for contributions in cash or in kind (authorized capital). In certain cases, the subscription rights of shareholders can be waived, with the approval of the Supervisory Board.
Pursuant to the resolution passed by the Annual General Meeting on April 17, 2008, the Executive Board was authorized to purchase shares of any class in RWE totalling up to 10 % of the company’s share capital until October 16, 2009. Share buybacks may also be conducted by exercising put or call options.
On December 31, 2008, RWE AG held 31,734,473 no-par-value common shares in RWE AG. The acquisition costs of own shares amounting to €2,500 million were deducted from the carrying amount of equity. They account for €81,240,250.88 of the company’s share capital (5.64 % of subscribed capital).
