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Management Report
2014
61
3.3.3 SUMMARY TABLE OF AUTHORIZATIONS AND USE DURING THE
FINANCIAL YEAR
Type
Date of
the Meeting
- Resolution -
Term
Expiry at
Maximum
use
Date of use
Issue from
April 1, 2013,
to March 31,
2014
Share buyback
06/27/13
12
th
resolution
18 months
12/26/14
10% of the capital
Maximum purchase price:
€30
See section 3.3.10
Capital reduction
by cancellation of treasury
shares
06/27/13
14
th
resolution
18 months
12/26/14
10% of the capital
N/A
Capital increase
by capitalization of reserves,
earnings, premiums or other
06/27/13
15
th
resolution
26 months
08/26/15
€10 million
04/05/13
06/17/13
11/15/13
12/13/13
349,594 shares
created
Capital increase with preferential
subscription rights preserved
06/27/13
16
th
resolution
(3)
26 months
08/26/15
In capital: €1,450 thousand
Debt securities: €400 million
N/A
N/A
Capital increase with waiving of
preferential subscription rights by
way of a public offering
06/27/13
17
th
resolution
(3)
26 months
08/26/15
In capital: €1,450 thousand
Debt securities: €400 million
N/A
N/A
Capital increase with waiving of
preferential subscription rights by
way of a private placement
06/27/13
18
th
resolution
(3)
26 months
08/26/15
In capital: €1,450 thousand
Debt securities: €400 million
N/A
N/A
Fixing of issue price of capital
increases with waiving of
preferential rights (public offering or
private placement)
09/24/12
15
th
resolution
(2)
26 months
11/23/14
10% of the capital per year
N/A
N/A
Capital increase
as consideration for
contributions in kind
06/27/13
20
th
resolution
(3)
26 months
08/26/15
10% of the capital on the day
of the Meeting
N/A
N/A
Capital increase
for the benefit of employees
subscribing to the Group savings
plan (PEG)
09/24/12
17
th
resolution
(1) (2)
26 months
11/23/14
0.1% of the capital on the
day of use by the Board
02/08/13
95,415 shares issued
during FY 2014
(4)
06/27/13
21
st
resolution
(3)
26 months
08/26/15
0.2% of the capital
on the day of use
by the Board
02/11/14
211,143 maximum
number of shares to
be created
(5)
Allotment of stock purchase or
subscription options
09/24/12
18
th
resolution
(2)
38 months
11/23/15
2.6% of the capital on the
day of use by the Board
10/29/13
03/17/14
898,125 options
granted
Bonus share
grant
06/27/13
22
nd
resolution
(3)
38 months
08/26/16
1.5% of the capital on the
day of the Board’s decision
05/14/13
06/17/13
10/09/13
10/29/13
02/11/14
03/17/14
1,397,163 shares
awarded
Capital increase
reserved for subsidiary employees
(outside France)
09/24/12
20
th
resolution
(2)
18 months
03/23/14
0.1% of the capital on the
day of the Board’s decision
03/17/14
96,587 shares
(1)
The unused portion of these authorizations was canceled by the Meeting of June 27, 2013, which approved a similar resolution.
(2)
Charged against the overall limit of €4 million set by the Meeting of September 24, 2012 (21
st
resolution).
(3)
Charged against the overall limit of €4 million set by the Meeting of June 27, 2013 (23
rd
resolution).
(4)
Subscription period from Monday June 17, 2013, to Monday July 1, 2013.
(5)
I.e. 0.2% of the number of shares on the day of the Board of Directors’ meeting. Subscription period: Monday June 16, 2014, to Monday June
30, 2014. Issue of shares over the year ending March 31, 2015.