Type of delegation or authorization | Date of the meeting | Duration of the authorization | Amount authorized | Used in 2020 |
|---|---|---|---|---|
Share buybacks | ||||
Authorization to trade in the Company’s shares* | May 27, 2020 (20th resolution) | 18 months Maturity 11/27/2021** | No more than 10% of the share capital Maximum overall budget: euro 2,043,715,010 Maximum unit purchase price: euro 85 | see details in Section 8.3.3 |
Cancellation of shares | ||||
Authorizations to reduce share capital through the cancellation of treasury shares | May 29, 2019 (23rd resolution) | 26 months Maturity 07/29/2021 ** | No more than 10% of capital per 24-month period | None |
Equity issues | ||||
Delegation to increase share capital by issuing shares or equity securities convertible to equity with preferential subscription rights | May 27, 2020 (21st resolution) | 26 months Maturity 07/27/2022 | Maximum par value: euro 30,000,000(1) Maximum par value of debt securities: euro 1,200,000,000(2) | None |
Type of delegation or authorization | Date of the meeting | Duration of the authorization | Amount authorized | Used in 2020 |
Delegation to increase share capital by issuing shares or equity securities convertible to equity without preferential subscription rights, through public offerings other than those made pursuant to article L. 411-2 of the French Monetary and Financial Code* | May 27, 2020 (22nd resolution) | 26 months Maturity 07/27/2022 | Maximum par value: euro 9,000,000(1)(3) Maximum par value of debt securities: euro 1,200,000,000(2) | None |
Delegation to increase share capital by issuing shares or equity securities convertible to equity without preferential subscription rights, through public offerings made pursuant to paragraph I of article L. 411-2 of the French Monetary and Financial Code* | May 27, 2020 (23rd resolution) | 26 months Maturity 07/27/2022 | No more than 20% of the share capital per year Maximum par value: euro 9,000,000(1)(3) Maximum par value of debt securities: euro 1,200,000,000(2) | None |
Delegation to increase the number of securities issued in the event of a capital increase, with or without preferential subscription rights decided pursuant to the 21st to 23rd resolutions of the General Shareholders’ Meeting on May 27, 2020* | May 27, 2020 (24th resolution) | 26 months Maturity 07/27/2022 | No more than 15%(1)(3) of the initial issue and at the same price as this issue | None |
Authorization to set the issue price of share capital increases carried out under the 22nd and 23rd resolutions of the General Shareholders’ Meeting of May 27, 2020* | May 27, 2020 (25th resolution) | 26 months Maturity 07/27/2022 | No more than 10% of the share capital per year(1)(3) | None |
Delegation to increase the share capital by incorporating reserves, earnings, premiums or other sums* | May 27, 2020 (26th resolution) | 26 months Maturity 07/27/2022 | Maximum par value: euro 30,000,000(1) | None |
Delegation to issue shares or other securities in the event of a public offering initiated by the Company* | May 27, 2020 (27th resolution) | 26 months Maturity 07/27/2022 | Maximum par value: euro 9,000,000(1)(3) Maximum par value of debt securities: euro 1,200,000,000(2) | None |
Delegation to issue shares or other securities as consideration for contributions in-kind granted to the Company* | May 27, 2020 (28th resolution) | 26 months Maturity 07/27/2022 | No more than 10% of the share capital(1)(2)(3) | None |
Issues reserved for Company or Groupe employees and managers | ||||
Authorization to grant free shares to employees and/or corporate officers of the Company or companies within the Groupe | May 30, 2018 (27th resolution) | 38 months Maturity: 07/30/2021 ** | No more than 3% of the share capital (including 0.3% of the share capital for executive corporate officers) | None |
Authorization to grant stock options to employees and/or corporate officers | May 29, 2019 (25th resolution) | 38 months Maturity 07/29/2022 | No more than 3% of the share capital (including 0.3% of the share capital for executive corporate officers)(4) | None |
Delegation to increase capital for the benefit of subscribers to a company savings plan | May 27, 2020 (29th resolution) | 26 months Maturity: 07/27/2022 ** | Maximum par value: euro 2,800,000(1)(5) | None |
Delegation to increase capital for the benefit of certain categories of recipients located outside France in order to establish a shareholder or savings plan for them | May 27, 2020 (30th resolution) | 18 months Maturity 11/27/2021** | Maximum par value: euro 2,800,000(1)(5) | None |
