The Publicis Groupe SA share capital has changed as follows over the past two financial years:
  | 
  | Changes in capital  | ||||
|---|---|---|---|---|---|---|
  | Shares with a par value of euro 0.4  | |||||
| Dates | Capital transactions | Number of shares | Par value (in thousands of euros) | Additional paid-in capital (in thousands of euros) | Successive share capital amounts (in thousands of euros) | Total number of company shares  | 
Position at January 1, 2019  | 94,100  | 235,249,801  | ||||
2019  | Exercise of 177,992 warrants  | 183,068  | 73  | 5,356  | 94,173  | 235,432,869  | 
Payment of the dividend in shares  | 4,481,915  | 1,793  | 206,123  | 95,966  | 239,914,784  | |
Awarding of free shares to Groupe employees  | 522,277  | 209  | -  | 96,175  | 240,437,061  | |
2020  | Exercise of 20,514 warrants  | 22,156  | 9  | 617  | 96,184  | 240,459,217  | 
Payment of the dividend in shares  | 7,035,496  | 2,814  | 169,274  | 98,998  | 247,494,713  | |
Awarding of free shares to Groupe employees  | 274,325  | 110  | -  | 99,108  | 247,769,038  | |
Position at December 31, 2020  | 
  | 99,108  | 247,769,038  | |||
Shareholder’s equity changed as follows between January 1, 2020 and December 31, 2020:
(in thousands of euros)  | January 1, 2020  | Allocation of 2019 net income  | Exercise of stock options and creation of shares  | Distribution of dividends in shares  | Distribution of dividends in cash  | 2020 Net income  | December 31, 2020  | 
Share capital  | 96,175  | -  | 119  | 2,814  | -  | -  | 99,108  | 
Additional paid-in capital  | 3,555,815  | -  | 617  | 169,274  | (82,840)  | -  | 3,642,866  | 
Statutory reserve  | 9,410  | 207  | -  | -  | -  | -  | 9,617  | 
Earnings brought forward  | 5,945  | -  | (110)  | -  | (3,606)  | -  | 2,229  | 
Subtotal  | 3,667,345  | 207  | 626  | 172,088  | (86,446)  | -  | 3,753,820  | 
Net income for the year  | 187,926  | (207)  | -  | (172,088)  | (15,631)  | 63,770  | 63,770  | 
Total  | 3,855,271  | -  | 626  | -  | (102,077)  | 63,770  | 3,817,590  |