TECHNICOLOR_REGISTRATION_DOCUMENT_2017
- 6 FINANCIAL STATEMENTS
Notes to the consolidated financial statements
EQUITY & EARNINGS PER SHARE NOTE 7. [GA-13] [G4-EC1] GRI
CLASSIFICATION AS DEBT OR EQUITY Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangement. EQUITY INSTRUMENTS An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Equity instruments issued by the Group are recorded for the proceeds received, net of direct issue costs. EQUITY TRANSACTION COSTS Incremental and external costs directly attributable to the equity transactions are accounted for as a deduction from equity.
Change in share capital 7.1. (In euros, except number of shares) Share Capital as of December 31, 2015 Issuance of new shares for MIP* purpose Share Capital as of December 31, 2016 Issuance of new shares for Free shares* purpose Issuance of new shares for MIP* purpose Share Capital as of December 31, 2017
Number of shares
Per value
Share capital in Euros
411,443,290
1 1 1 1 1 1
411,443,290
1,802,677
1,802,677
413,245,967
413,245,967
778,750 436,461
778,750 436,461
414,461,178
414,461,178
Plans described in note 9.3.
*
In 2016, as part of the 2015 Management Incentive Plan (MIP 2015 & MIP 2016), some share subscription options were exercised and 1,802,677 new shares were issued at an average price of €3.36 euros for a total of €6,055,641, corresponding to an increase in the share capital of €1,802,677 and additional paid-in-capital of €4,252,964. As of November 6, 2017, the share capital was increased by 778,750 new shares of €1 each in order to deliver the free shares vested under the Free Share Plan. The counterpart of the share capital increase was a corresponding decrease of the additional paid-in capital by €778,750 (see note 9.3). In 2017, as part of the 2015 Management Incentive Plan (MIP 2015), some share subscription options were exercised and 436,461 new shares were issued at a price of €3.19 for a total of €1,392,311, corresponding to an increase in the share capital of €436,461 and additional paid-in-capital of €955,850.
As of December 31, 2017, and to the Company’s knowledge, the following entities held more than 5% of the Company’ share capital: OppenheimerFunds, Inc. held 48,679,165 shares which represent ■ 11.75% of the share capital and 11.77% of the voting rights of the Company; the Caisse des Dépôts et Consignations held, jointly with Bpifrance ■ Participations SA, 32,982,928 shares which represent 7.96% of the share capital and 7.98% of the voting rights of the Company; J O Hambro Capital Management held 25,047,689 shares which ■ represent 6.04% of the share capital and 6.06% of the voting rights; DNCA Finance, SA and DNCA Finance Luxembourg held ■ 21,489,718 shares which represent 5.18% of the share capital and 5.20% of the voting rights of the Company; Cisco Systems, Inc. held 21,418,140 shares which represent 5.17% of ■ the share capital and 5.18% of the voting rights of the Company.
213
TECHNICOLOR
REGISTRATION DOCUMENT 2017
Made with FlippingBook Annual report