Air France 2009 Annual Report Download - page 57

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Dividend policy
Financial year Earnings per share
(in฀€)
Dividend paid
(in฀€)
2005-06 3.47 0.30
2006-07 3.35 0.48
2007-08 2.63 0.58
Shareholder breakdown
French State: 15.7%
Employees and former employees: 12.0%
Individual shareholders: 14.0%
Institutional investors: 56.3%
Treasury stock: 2%
The Group’s objective is to have a sustained
dividend policy, subject to the growth in net
income excluding exceptional items.
The dividend is paid on the fifth trading day
after the General Shareholders’ Meeting
approving the dividend.
In view of the difficult environment the Group
is facing, the Board of Directors decided not
to propose a dividend in respect of the
2008-09 financial year.
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AF-KLM Air transport index CAC 40
01/01/04 01/07/04 01/01/05 01/07/05 01/01/06 01/07/06 01/01/07 01/07/07 01/01/08 01/07/08 01/01/09 01/06/09
Air France-KLM in the stock market
Base 100 in 2004/Data to June 19, 2009
Securities conferring entitlement to shares
In April 2005, the company Air France issued
21,951,219 bonds convertible and/or
exchangeable into Air France-KLM new or
existing shares with a 15-year maturity raising
€450 million. These bonds have a unit value
of €20.50 and mature on April 1, 2020.
The annual coupon is 2.75% payable annually
in arrears on April 1. The conversion period
for these bonds runs from June 1, 2005 to
March 23, 2020. The allocation ratio is 1.03
shares for each 2.75% 2005-2020 bond.
In June 2009, Air France-KLM issued
56,016,949 bonds convertible and/or
exchangeable into Air France-KLM new or
existing shares for a total of €661 million.
These bonds have a unit value of €11.80 and
the annual coupon is 4.97%. The allocation
ratio is one share for one bond. The bonds
are reimbursable at par on April 1, 2015.
55
Air-France KLM - Annual report 2008-09