Uncertainty characterised the stock markets in 2011. All major equity indices showed a double digit negative performance. Amadeus shares were not an exception, and despite the continued delivery of strong operating and financial performance, the Amadeus share price traded at €12.5 at the end of the year, compared to €15.7 a year earlier.
During the year, a dividend of €0.30 per share was paid, and the company stands by its intention to return cash to its shareholders in 2012, with a proposed dividend policy that will increase dividend per share to €0.37, a 3.0% yield on the 2011 year end share price.
As of December 31, 2011 the share capital of our company was represented by 447,581,950 shares with a nominal value of €0.01 per share. This share capital was increased in June 2011 in an amount of €4,028,237.55 (against the Company's additional paid-in capital account), by increasing the nominal value of the shares of €0.001 per share to €0.01 per share.
The shareholding structure in the table, as of December 31, 2011 was as described in the table below.
On March 1, 2012 Société Air France sold a 7.50% of the share capital of the company to institutional investors, through a follow-on offering. As a result, their stake in the company was reduced to 7.72%.