1995–today   1993–1994   1990–1992   since going public (1986)–1989
Changes in
capital structure

1990–1992
year what bearer
shares
(BS)
registered
shares
(RS)
participat.
certificates
(PC)
1992 status at year end 43,600 52,800 53,000
1992 bonus options (from 1991) exercised +4,400 +4,800
1992 options on PC exercised +29,996
1991 AGM approved bonus options
on BS (4,400) and RS (5,000)
1990 BS and PC placed +8,000 +5,000
1989 status at year end 31,200 48,000 18,004  1)
1) incl. 4 options on PC exercised (from warrant issue in 1987)