Econocom - 2019 Universal registration document

228 2019 annual report 06 consolidated financial statements notes to the consolidated financial statements At 31 ژ December 2019, the Group held 23,458,144 treasury shares ( i.e., 9.6% of the total number of shares) through the parent company Econocom Group SE. The net acquisition cost of shares acquired and the proceeds from the sale of shares sold were respectively deducted from or added to equity. DIVIDEND 15.3.4. The Board of Directors recommends that at the Annual General Meeting shareholders vote to refund the issue premium considered as paid-in capital, in an amount of €0.12 per share. The table below also shows the dividend per share paid by the Group in respect of previous ژ years. ژ Issue premium refund proposed in 2020 Issue premium refunded in 2019 Issue premium refunded in 2018 Total dividend in € millions (1) 29.4 29.4 29.4 Dividend per share in € (after the share split) 0.12 0.12 0.12 Calculated based on the total number of shares outstanding at 31 ژ December of each ژ year. (1) As this refund of the issue premium is subject to the approval of the Annual General Meeting, it is not recognised as a liability in the consolidated financial statements for the ژ year ended 31 ژ December 2019. CURRENCY TRANSLATION 15.3.5. RESERVES of subsidiaries with functional currencies other than the euro. Foreign exchange gains and losses recorded in equity attributable to owners of the parent and non-controlling interests represented a decrease of €5.7 million versus a decrease of €6.5 million at 31 ژ December 2018. At 31 ژ December 2019, changes in this item result chiefly from fluctuations in the value of the pound sterling, Brazilian real, Swiss Currency translation reserves correspond to franc and Polish zloty. the cumulative effect of the consolidation