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FINANCIAL INFORMATION
4.3 Comments on the Cap Gemini S.A. Financial Statements
4
233
Registration Document 2016 — Capgemini
Appropriation of earnings
4.3.3
During its meeting of February 15, 2017, the Board of Directors decided to recommend to the next Ordinary Shareholders’ Meeting, the
following appropriation of net profit for the year:
Net profit for the year
€950,195,967.31
Allocation to the legal reserve
€0.00
i.e.
a balance of
€950,195,967.31
Retained earnings of previous years
€2,377,424,061.37
i.e.
Distributable earnings at December 31, 2016 of
€3,327,620,028.68
This amount will be allocated to:
payment of a dividend of €1.55 per share
■
(1)
€261,229,107.40
retained earnings for the balance
■
€3,066,390,921.28
Giving a total of:
€3,327,620,028.68
(1) The total amount of the distribution is calculated based on the number of shares ranking for dividends at December 31, 2016, i.e. 168,534,908 shares, and could therefore change
(and the same may be for the total amount of retained earnings) if this number varies between January 1, 2017 and the ex-dividend date.
Article 243
bis
of the French Tax Code, it is recalled that the
following amounts were paid over the past three fiscal years:
This dividend of €1.55 for each shares bearing dividend rights on
January 1, 2017, will be fully eligible for the 40% tax rebate
referred to in Article 158.3.2°of the French Tax Code (
Code
payment date of Wednesday, May 24, 2017. If, at the time of
payment of the dividend, the number of treasury shares held by
the Company has evolved compared to that held on December
31, 2016, the fraction of the dividend relating to this variation will
either increase or reduce retained earnings. Pursuant to
Général des Impôts
). Taking account of the recommendations of
certain investors, and so as to avoid or at least not encourage
security lending/borrowing transactions around the date of the
Shareholders’ Meeting, the Board of Directors proposes an
ex-dividend date of Monday, May 22, 2017 and a dividend
Total amount distributed
(1)
(in euros)
Distributed income
(2)
(in euros)
Dividend per share
(in euros)
Fiscal year 2015
231,221,780.55
228,749,429.70
1.35
Fiscal year 2014
195,149,725.20
198,381,067.20
1.20
Fiscal year 2013
176,273,919.80
174,095,386.30
1.10
Theoretical values calculated based on the number of shares bearing dividend rights on December 31 each year.
(1)
cancellation of existing shares between January 1
st
and the ex-dividend date. These amounts were fully eligible for the 40% tax rebate referred to in Article 158.3.2° of the French Tax
Code (Code Général des Impôts) for each fiscal year.
Amounts effectively paid after adjusting the number of shares bearing dividend rights as a result of a change in the number of treasury shares, the issuance of new shares and/or the
(2)
Share capital and ownership structure
4.3.4
At December 31, 2016, the share capital amounted to
€1,372,514,120 (compared with €1,377,452,000 at December 31,
2015) following the cancellation of 617,235 shares by decision of
the Board of Directors on July 26, 2016.
Pursuant to Article L.233-13 of the French Commercial Code
(
Code de commerce
), the Board of Directors informs shareholders
that, based on notifications received, Société Générale
(1)
is the
only shareholders holding more than 5% of the Company’s share
capital and voting rights at the year-end:
then reduced its interest below, above and then below the
threshold of 5% of the Company’s share capital and voting
rights on December 14, 28 and 29, 2016, respectively, as a
result of a disposal, followed by an acquisition and then another
disposal of Cap Gemini shares on the market and holds 4.85%
of the Company’s share capital and voting rights on behalf of
The US company, BlackRock Inc., acting on behalf of clients
◗
and managed funds, disclosed that it had reduced, raised and
such funds.
a result of an acquisition followed by a disposal of Cap Gemini
shares on the market and holds 0.01% of the Company’s share
capital and voting rights on behalf of funds.
The Swedish company, Skandinaviska Enskilda Banken AB,
◗
disclosed that it had raised and then reduced its interest above
and below the threshold of 5% of the Company’s share capital
and voting rights on May 31 and June 7, 2016, respectively, as
Shares held by members of the Board of Directors represent
0.19% of the Company’s share capital.
no.2015-576 of December 3, 2015 (e.g. forward purchase with physical settlement).
It follows the repeal of the so-called "trading" exception which exempted providers of investment services from including in their threshold crossing disclosures certain agreements or financial
(1)
instruments considered to have an economic effect similar to the ownership of shares, following the enactment into French law of the revised transparency directive 2013/50/EU by Order