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5.2.2.5 Convertible securities, exchangeable securities and securities
with share subscription warrants
Potential capital
Potential shares Reference
Stocks options(1) 2,114,833 4.2.2.6
BSA(1) 2,321,080 e) et d)
November 2001 OCEANE 1,814,025 b)
Total 6,249,938
(1) All issues combined.
a) At its meeting on June 30, 1998, the Board of Directors used the authorization granted by the Extraordinary General
Meeting of the same date to issue convertible bonds without pre-emptive rights up to a total of €51.83 million.
Chief characteristics of this bond debenture:
Number: 314,815 bonds.
Following the 5-for-1 stock split and the adjustment made in connection with the issue of warrants for
the purchase of existing shares and/or the subscription of new shares in May 2003, one bond entitles its
holder to subscribe for 5.191 shares, each with a face value of €0.31.
Nominal issue
price: €164.64 per bond.
Dated date and
settlement date: July 16, 1998.
Term of bond: Seven years.
Annual yield: 3.80% per year, or €6.26 per bond, payable after July 16 of each year.
Gross
redemption yield: 3.80% on July 16, 1998.
Normal
redemption: Redemption in full on July 16, 2005 by redemption at a price of €164.64, i.e. 100% of the issue price.
The bond conversion period was extended to October 10, 2005.
312,308 bonds were converted included 148,576 bonds during the year, i.e. 771,255 shares were created.
2,507 bonds were redeemed.
b) At its meeting on November 13, 2001, the Board of Directors used the authorization granted by the
Extraordinary General Meeting of October 19, 2001 to issue bonds with the option of conversion into and/or
exchange for new or existing shares of the company (OCEANE) up to an amount of €172.5 million.
Chief characteristics of this bond debenture:
Number: 3,150,000 bonds.
As a result of the adjustment made in connection with the issue of warrants for the purchase of existing sha-
res and/or the subscription of new shares in May 2003, one bond entitles its holder to subscribe for 1.037
shares, each with a face value of €0.31.
Nominal issue
price: €47.50.
Dated date and
settlement date: November 30, 2001.
Term of bond: Five years from settlement date.
Annual yield: 2.5% per year, payable in arrears on November 30 of each year.
Gross redemption
yield: 4.5% on the settlement date (if no conversion into and/or exchange for shares and no early redemption).
Normal
redemption: Redemption in full on November 30, 2006 at a price of €52.70, i.e. 110.94% of face value.