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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 17
SHARE CAPITAL, SHARES AND ODIRNANE BONDS
Shares
Number of shares
Ordinary shares
2015
2014
Beginning of year
22,154,831
19,326,066
Exercise of BSAAR stock warrants
63,385
2,828,765
Treasury shares
(680,149)
(388,117)
YEAR-END
21,538,067 21,766,714
Number of shares issued and fully paid up
22,218,216
22,154,831
Par value
(in euros per share)
1.00
1.00
At 31 December 2015, Assystem SA’s shares broke down as follows:
●
number of shares with single voting rights: 21,970,104;
●
number of shares with double voting rights: 248,112.
Each share gives its holder the same rights to dividend payments.
Stock warrants (BSAAR)
There were 170,698 BSAAR 2015 stock warrants outstanding at
31 December 2014, exercisable at a price of €11.10 per warrant
on the basis of one share for one warrant. During 2015:
●
63,385 warrants were exercised for newly-issued shares;
●
105,057 warrants were exercised for existing shares.
The expiry date for the exercise of the BSAAR stock warrants was
9 July 2015.
The maximum potential number of shares at 31 December 2015 that could be issued on conversion of instruments carrying rights to Assystem’s
capital, as a result of the holders exercising those rights, is summarised in the table below:
Number of shares issued and fully paid up
Potential maximum
number of shares
TOTAL SHARES
ORNANE
BONDS
(
*
)
ODIRNANE
BONDS
(
**
)
TOTAL SHARES
22,218,216
1,259,555
5,602,240
29,080,011
(*) As mentioned in the diluted earnings per share section of Note 3 – Basis of preparation and summary of accounting policies), the maximum dilution assumption used at 31 December
2015 corresponds to the redemption at par in shares of the 1,234,858 issued and outstanding Ornane bonds at the year-end based on a conversion ratio of 1.02 shares for one bond.
(**) As mentioned in the diluted earnings per share section of Note 3 – Basis of preparation and summary of accounting policies), the maximum dilution assumption used at 31 December
2015 corresponds to the redemption at par in shares of the 5,602,240 issued and outstanding Odirnane bonds at the year-end based on a conversion ratio of one share for one bond.
ASSYSTEM
FINANCIAL REPORT
2015
105