PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
2
CORPORATE GOVERNANCE AND INTERNAL CONTROL REPORT OF THE BOARD OF DIRECTORS ON CORPORATE GOVERNANCE
Specific authorisations and delegations in favour of employees and/or Executive Directors 2.1.9.2
Use of existing authorisations during the financial year ended 30.06.2018 Features/Terms
Date of the delegation or authorisation (resolution) AGM of 06.11.2015 (22 nd )
Nature of the delegation or authorisation
Expiry of the delegation or authorisation
Maximum amount authorised
Term
Performance-based shares
38 months
05.01.2019 1.5% of the share capital on the date of Board of Directors’ decision to allocate 05.01.2019 1.5% of the share capital on the date of Board of Directors’ decision to allocate 08.01.2020 2% of the share
371,511 (0.14% of share capital)
Independent limit (sub-limit for Executive Directors of 0.06% of the capital, which is deducted from the limit of 1.5%) Independent limit (sub-limit for Executive Directors of 0.21% of the capital, which is deducted from the limit of 1.5%) Will be deducted from the limits set for capital increases in the 14 th and 15 th resolutions of the AGM of 09.11.2017
38 months
124,050 (0.05 % of share capital)
Stock options
AGM of 06.11.2015 (23 rd )
Shares or securities granting access to share capital, reserved for members of employee savings plans
AGM of 09.11.2017 (21 st )
None
26 months
capital on the date of the Shareholders’ Meeting
Authorisations relating to the share buyback programme 2.1.9.3
Use of existing authorisations during the financial year ended 30.06.2018 Features/Terms
Date of authorisation (resolution) AGM of 09.11.2017 (12 th ) AGM of 17.11.2016 (15 th ) AGM of 09.11.2017 (13 th )
Expiry of authorisation
Maximum amount authorised
Type of securities Share buyback
Term
Maximum purchase price: €200
18 months
08.05.2019 (10% of share capital)
(1)
Share buyback
Maximum purchase price: €150
18 months
16.05.2018 (10% of share capital)
(1)
Cancellation of treasury shares
26 months
08.01.2020 (10% of share capital)
None
-
A summary of Company transactions carried out during FY18 as part of the share buyback programme is shown below in the paragraph on the “Share (1) buyback programme”.
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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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