BIC - 2018 Registration document

INFORMATION ABOUT THE ISSUER

Treasury shares and share buyback

TREASURY SHARES AND SHARE BUYBACK 7.4.

TREASURY SHARES HELD BY SOCIÉTÉ BIC AS OF DECEMBER 31, 2018

Nominal value (in euros)

Purpose (a)

Number of shares

% capital

Liquidity agreement

14,733

0.03 1.39

56,280.06

Free share grants

637,680

2,435,937.60

Cancellation

- -

- -

- -

External growth operations

TOTAL  (B)

652,413

1.42

2,492,217.66

Article L. 225-209 of the French Commercial Code. (a) As of December 31, 2018, the book value of BIC shares held by SOCIÉTÉ BIC in accordance with Articles L. 225-209 et seq. of the French Commercial Code amounts to (b) 58,081,847.48 euros. As of the same date, the market value of these shares is 58,162,618.95 euros (on the basis of the closing price at this date, i.e.y 89.15 euros).

SHARE BUYBACK PROGRAM – OPERATIONS CARRIED OUT IN 2018

Number of shares

Nominal value (in euros)

Average sale/purchase price (in euros)

Operation

% capital

Share buyback (excl. liquidity agreement)  (a)

687,396

1.49

2,625,852.72

78.59

Liquidity agreement  (a) : Share buyback •

583,915 580,470 132,527 687,396

1.27 1.26 0.29 1.49

2,230,555.30 2,217,395.40

83.60 83.61 84.22 78.59

Sale of shares •

Shares transferred under free share plans

506,253.14

Cancelled shares

2,625,852.72

Shares used for external growth operations

-

-

-

-

Brokerage fees related to sale and buy-back transactions disclosed above amounted to 252,117.36 euros. (a)

During the last 24 months, the Board of Directors cancelled 1,683,250 shares, representing 3.66% of the share capital as of December 31, 2018.

DESCRIPTION OF THE SHARE BUYBACK PROGRAM SUBMITTED TO THE SHAREHOLDERS’ MEETING OF MAY 22, 2019 resolution is approved by the Shareholders, the Board of Directors May 22, 2019, a resolution authorizing the Board of Directors to will implement the share buyback program described below. This undertake operations with regards to the shares of the Company paragraph constitutes the description of the share buyback (see section 8 "Board of Directors’ Report and draft resolutions to the program provided by Articles 241-1 et seq. of the General Shareholders’ Meeting of May 22, 2019 – Resolution 5“ ). If this Regulation of the AMF. The Board of Directors will submit to the Shareholders’ Meeting of

TREASURY SHARES HELD BY SOCIÉTÉ BIC AS OF MARCH 1 ST , 2019

Purpose

Number of shares

Liquidity agreement

21,750

Free share grants

623,080 325,566

Cancellation

External growth operations

-

TOTAL

970,396

282

• BIC GROUP - 2018 REGISTRATION DOCUMENT •