4. Remuneration policy for members of the Management Board
This note should be read in conjunction with note 7 in the Annual Report for 2012. In accordance with the Remuneration Policy, remuneration for the Management Board comprises of the direct remuneration paid out or payable in relation to their employment in the year and other remuneration related expenses which comprises social security contributions and share based awards. The share based awards scheme is set out in the 2009 Stock Option Plan as amended in the 2011 AGM. In May 2013, each of the Management Board members was granted 155,000 new share options under this plan.
5. Earnings per share
The calculation of basic and diluted earnings per share is based on the following data:
| H1 ‘13 | H1 ‘12 | |||||||
| Earnings (in € thousands) | ||||||||
| Earnings (net result attributable to equity holders) | 5,033 | 7,330 | ||||||
| Number of shares (in thousands) | ||||||||
| Weighted average number of ordinary shares for basic EPS | 221,899 | 221,895 | ||||||
| Effect of dilutive potential ordinary shares (in thousands) | ||||||||
| Share options and restricted stocks | 325 | 75 | ||||||
| Weighted average number of ordinary shares for diluted EPS | 222,224 | 221,970 | ||||||
