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21
Additional Information
Constitutive Documents and Bylaws
252
Worldline
2016 Registration Document
which compares to € 119.9 million in 2015.
258.7 million or 19.8% of sales. Net income Group share included
the profit from the disposal of the Visa Europe share for €
The Group’s OMDA improved by +90bp, reaching €
51.2 million and stood at €
144.2 million. Net income Group share
adjusted for non-recurring expenses reached €
129.2
million,
compared with € 0.91 in 2015 (+7.7%).
Diluted adjusted earnings per share
1
was €
0.98 in 2016,
€
398.9 million, increasing by €+75.6 million compared with the
net cash position as at December
31, 2015. This net cash position
€ 135
million to € 140
million target set for the year and
increasing by +9.3% compared with 2015. Net cash reached
includes the proceeds from the sale of Worldline’s investment in
Free cash flow in 2016 was €
140.4 million, at the high end of the
Visa Europe for € 35.6
million and the net disbursement of €
111.0
million linked to the acquisition of Paysquare and KB
Smartpay.
Constitutive Documents and Bylaws
21.2
The Company’s bylaws were prepared in accordance with the laws and regulations applicable to French limited liability corporations
(sociétés anonymes) with Boards of Directors. The principal provisions described below have been taken from the Company’s bylaws.
Corporate Purpose (article
2 of the Bylaws)
21.2.1
Pursuant to article
2 of its bylaws, the Company’s purpose is to:
Conduct research, study, development and production in
●
regard to all materials, software, systems or devices that use
new techniques or new information technology (as well as
the provision of related services), namely in the payment
services sector, transactional services, digital services and
telecommunications;
and managing telephone call centers;
Perform customer service functions for telecommunications
●
operators and service providers, in particular by creating
subscribers and processing their claims, as well as related
service offers;
Manage telecommunications network and services
●
subscription agreements, including providing information to
Provide services to businesses, including marketing studies,
●
direct marketing, data processing and training, as well as the
provision of services and solutions to financial
establishments;
banking or financial instruments;
documentation, especially the processing, entering,
postmarking, encoding, micro-filming, archiving and any
existing or future type of handling of checks or other
Provide advice, assistance and operational support by any
●
means, with respect to all banking and financial
Develop software for its own needs or third-party needs;
●
Use and market licenses, patents, trade secrets, formulas
●
and any other similar intellectual property rights;
Provide technical support and maintenance for all devices
●
and installations completed or marketed under the
Company’s purpose;
Represent any company, French or foreign, whose services,
●
materials, software, systems or devices are directly or
indirectly related to the purposes defined above;
foreign company with a similar purpose as that of the
Company, or in order to develop its own business;
Acquire interests and shareholdings in any French or
●
ventures or taking of ownership rights through leasing or
lease management of any property or rights, or otherwise;
Do everything, directly or indirectly on its own account or
●
for the account of third parties, either on its own or with
third parties, or through the creation of new companies,
contributions to limited partnerships, mergers, alliances, joint
related purposes likely to further the Company’s
development or expansion.
And, generally, undertake all financial, commercial and
●
industrial transactions on real or other property relating
directly or indirectly to the above purposes or any similar or
EPS including the impacts of potentially dilutive instruments, calculated on the net result adjusted for non-recurring items, net of tax.
1