AAK Annual Report 2016

68 NOTE 13 – EARNINGS PER SHARE Group 2016 2015 Earnings attributable to shareholders of the Parent (SEK million) 1,003 933 Weighted average number of ordinary shares in issue 42,288,489 42,079,102 Earnings per share, SEK 23.71 22.17 Earnings per share after dilution, SEK 23.71 22.12 Earnings per share after full dilution, SEK 23.71 22.16 Earnings per share are calculated for 2016 based on net profit for the year attributable to shareholders in the Parent – SEK 1,003 million (933) – and on a weighted average number of ordinary shares in issue of 42,288,489 (42,079,102). The number of shares in the Company increased by 569,400 in 2015 with the exercise of stock options to subscribe for new shares in the Company. The option to subscribe for new shares under the incentive program adopted previously ended on December 1, 2015. The calculation of earnings per share is based on a weighted average number of outstanding shares after dilution resulting from outstanding stock options in accordance with IAS 33. Earnings per share after full dilution have been calculated by dividing the profit for the period by the total number of shares in issue during the period, and by converting all outstanding share options to ordinary shares. NOTE 14 – EVENTS AFTER THE BALANCE SHEET DATE For the 2016 financial year, the Board of Directors and Chief Executive Officer propose the distribution of a dividend in the amount of SEK 8.75 per share. A decision will be made at the Annual General Meeting on May 17, 2017. It is proposed that the record date for the dividend will be May 19 and the dividend is expected to be distributed to shareholders by May 24.