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INFORMATION ABOUT THE COMPANY AND ITS SHARE CAPITAL
7
INFORMATION ABOUT THE SHARE CAPITAL
7.2.4
ADDITIONAL INFORMATION ABOUT THE SHARE CAPITAL
Authorised share capital
The table below provides a summary of the authorisations in force concerning capital increases and reductions, as voted by shareholders at the
Annual General Meeting of 24 May 2016, as well as their use during 2016.
Authorisation
Maximum amount of capital
increase/reduction
Duration
AGM at which
the resolution
was approved
Use in 2016
To reduce the Company’s capital through the cancellation
of shares purchased under share buyback programmes.
Cancellation capped at 10%
of the shares making up the
Company’s share capital at the
transaction date
18 months
(up to 24/11/2017)
24/05/2016
(16
th
resolution)
No
To increase the Company’s capital through the issuance
of shares and/or securities carrying rights to shares,
with pre-emptive subscription rights.
Maximum nominal amount
of capital increase(s):
€10,000,000
26 months
(up to 24/07/2018)
24/05/2016
(17
th
resolution)
No
To increase the Company’s capital through the issuance
of shares and/or securities carrying rights to shares,
without pre-emptive subscription rights
Maximum nominal amount of
capital increase(s): €7,000,000
26 months
(up to 24/07/2018)
24/05/2016
(18
th
resolution)
No
To increase the Company’s capital through the issuance
of shares and/or securities carrying rights to shares,
without pre-emptive subscription rights, by way of a private
placement.
Maximum nominal amount of
capital increase(s): €2,000,000
26 months
(up to 24/07/2018)
24/05/2016
(19
th
resolution)
No
To set the issue price for issues of shares and/or securities
carrying rights to shares carried out without pre-emptive
subscription rights, subject to a ceiling of 10% of the
Company’s capital as well as the ceilings provided
for at the AGM.
10% of the Company’s share
capital per 12-month period, and
subject to the ceilings provided
for at the AGM
26 months
(up to 24/07/2018)
24/05/2016
(20
th
resolution)
No
To increase the amount of issues carried out
with or without pre-emptive subscription rights
pursuant to the 17
th
to 19
th
resolutions.
Up to 15% of the original issue
26 months
(up to 24/07/2018)
24/05/2016
(21
st
resolution)
No
To set a blanket ceiling for the overall amount
by which the Company’s capital may be increased
(pursuant to the 17
th
to 19
th
resolutions).
€10,000,000 maximum
nominal amount for issues of
shares and €100,000,000
maximum nominal amount for
issues of debt securities
26 months
(up to 24/07/2018)
24/05/2016
(22
nd
resolution)
No
To increase the Company’s capital by capitalising share
premiums, reserves, profit or other eligible items.
Maximum nominal amount
of capital increase(s):
€20,000,000
26 months
(up to 22/07/2017)
22/05/2015
(23
rd
resolution)
No
To award free shares/performance shares
(existing or newly-issued shares).
3% increase in the nominal
amount of the Company’s capital
at the award date
38 months
(up to 24/07/2019)
24/05/2016
(24
th
resolution)
Yes
Free share plans
dated 4 July 2016
and 7 November
2016
(see page 157)
To issue BSAAR or BSA stock warrants
(without pre-emptive subscription rights) to employees
and officers of the Company and its subsidiaries.
€500,000, representing
a maximum total of
500,000 shares, i.e. 2.25%
of the Company’s capital
18 months
(up to 24/11/2017)
24/05/2016
(25
th
resolution)
No
To set a blanket ceiling on the amount of the issues carried
out pursuant to the 24
th
and 25
th
resolutions.
Ceiling:
1,166,546 shares
Same period as
that in the resolution
concerned
24/05/2016
(26
th
resolution)
No
To increase the Company’s capital through the issuance
of shares and/or securities carrying rights to shares
for members of a Company or Group savings plan.
Maximum nominal amount of
2% of the Company’s capital
at the issue date
26 months
(up to 22/07/2017)
22/05/2015
(27
th
resolution)
No
Potential share capital
Potential share capital comprises stock warrants, performance shares and Ornane and Odirnane bonds.
ASSYSTEM
REGISTRATION DOCUMENT
2016
155