Authorized shares refer to maximum number of shares that a corporation is allowed to issue. This number is usually referenced in a company's Articles of Incorporation. The only way to increase authorized shares is to make an amendment to the aforementioned document.
Here, the number of issues stocks refers to shares sold by the firm to shareholders. Authorized stocks also comprise shares issued to the public. Thus, the following formula is used for calculation: Authorized Shares = Shares Issued + Yet to be Issued Shares.
Key Takeaways Authorized shares are the maximum number of shares that a company is permitted to issue to investors, as laid out in its articles of incorporation. Outstanding shares are the actual shares issued or sold to investors from the available number of authorized shares.
Shareholders. The major shareholders of Orange as of 31 December 2015 are the state of France through Agence des participations de l'État and Banque publique d'investissement (replacing Fonds stratégique d'investissement) for 23.04%. As of mid-2013, Orange employees owned 4.81%, and the company itself owned 0.58%.
It's simple to find a company's shareholders by searching the Companies House register for its latest confirmation statement. If the company hasn't filed any confirmation statements, its shareholders are listed in the incorporation document.
Shareholders: RTL Group S.A. NameEquities% Verlag Bertelsmann Stiftung 76.29 % 118,053,287 76.29 % Gané AG 0.5073 % 785,000 0.5073 % Discover Capital GmbH 0.0808 % 125,000 0.0808 % Cedar Street Asset Management LLC 0.0743 % 115,029 0.0743 %1 more row
The ownership structure of ORANGE SA (GB:0OQV) stock is a mix of institutional, retail, and individual investors. Approximately 19.08% of the company's stock is owned by Institutional Investors, 7.64% is owned by Insiders, and 73.28% is owned by Public Companies and Individual Investors.
To calculate the authorised capital, you need two components: Authorised Shares and Par Value Per Share. Once you have these two values, multiply the number of authorised shares by the par value per share to calculate the nominal capital.
You can find the balance sheet in its annual report or in any of its quarterly reports. Locate the stockholders' equity section, which is toward the bottom of the balance sheet. There should be a "common stock" section, which can tell you the number of issued shares as well as the number of authorized shares.
The memorandum of association must show the names of the people (subscribers) who have agreed to take shares and the number of shares each will take. Authorised capital is the amount of share capital stated in the memorandum of association.