TWENTY-FIRST RESOLUTION
Delegation of authority to be granted to» the Board of Directors, for a period of eighteen months, to decide to issue ordinary shares in the Company or securities giving access to ordinary shares in the Company or one of its subsidiaries, without preferential subscription rights, in favor of certain categories of beneficiaries, in the context of employee share ownership plans
The General Shareholders’ Meeting, voting in accordance with the quorum and majority requirements for extraordinary general shareholders’ meetings, having reviewed the Board of Directors’ report and the Statutory Auditors’ special report, and pursuant to Articles L. 225-129 et seq., and notably Articles L. 225-129-2, L. 225-138 and L. 228-91 et seq. of the French Commercial Code:
- delegates its authority to the Board of Directors, for a period of eighteen months following the date of this Shareholders’ Meeting, with the right to sub-delegate, in accordance with legal provisions in force and the Company’s Articles of Incorporation, the authority to increase the share capital, on one or more occasions, in the proportions and at the times it sees fit, both in France and abroad, by issuing, against payment or free of charge, ordinary shares and/ or any securities governed by Articles L. 228-92 paragraph 1 or L. 228-93 paragraphs 1 and 3 of the French Commercial Code, giving access by any means, immediately or in the future, at any time or on a determined date, by subscription, conversion, exchange, redemption, presentation of a warrant or by any other means, through ordinary shares to be issued by the Company or one of its direct or indirect subsidiaries (including equity securities giving the right to the allocation of debt securities), as the case may be, reserved to persons meeting the characteristics of the categories (or one of the categories) defined hereafter.
- resolves that the maximum nominal amount of the capital increase that may be carried out, immediately or in the future, pursuant to this resolution may not exceed two million eight hundred thousand (2,800,000) euro or its equivalent in any other authorized currency or in a monetary unit established by reference to several currencies. This maximum amount will apply to call capital increases that may be carried out pursuant to this resolution and to the aforementioned twentieth resolution.
- to this ceiling will be added, if applicable, the par value of any ordinary shares that may be issued additionally, in the event of new financial transactions, to protect the rights of holders of securities that may confer rights to the Company’s share capital, in pursuance of legal and regulatory provisions, and, where applicable, in accordance with contractual provisions referring to other cases requiring adjustment;
- the maximum nominal amount of the capital increases determined, immediately or in the future, in accordance with this resolution will be set against the total maximum amount of thirty million (30,000,000) euro set forth in paragraph 2) of the twelfth resolution put before this Shareholders’ meeting, or, if applicable, set against any total maximum amount stipulated in a resolution of similar nature that might succeed the aforesaid resolution whilst this delegation of authority remains in force.