6.20 Equity

Paid-up and called-up share capital

In millions of ordinary shares

2025

2024

Outstanding at 1 January

27.5

26.8

Ordinary shares issued in May

-

0.7

Outstanding at 31 December

27.5

27.5

For an explanation of changes in equity, reference is made to statement 2b, and for an explanation of the appropriation of results, reference is made to note '6.21 Earnings per share'.