BIC - 2019 Universal Registration Document

INFORMATIONS 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, 2019

Nominal value (in euros)

Number of shares

% capital

Purpose  (a)

Liquidity agreement

32,088

0.07

122,576.16

Free share grants

508,480

1.12

1,942,393.60

Cancellation

-

-

-

External growth operations

-

-

-

TOTAL  (B)

540,568

1.19

2,064,969.76

Article L. 225-209 of the French Commercial Code. (a) As of December 31, 2019, 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 (b) to 49,505,639.88 euros. As of the same date, the market value of these shares is 33,515,216.00 euros (on the basis of the closing price at this date, i.e.y 62.00 euros).

SHARE BUYBACK PROGRAM – OPERATIONS CARRIEDOUT IN 2019

Nominal value (in euros)

Average sale/ purchase price (in euros)

Number of shares

% capital

Operation

Share buyback (excl. liquidity agreement)  (a)

478,667

1.05 1,828,507.94

81.83

Liquidity agreement  (a) : Share buyback •

304,728

0.67 1,164,060.96

67.28

Sale of shares •

287,373

0.63 1,097,764.86

66.96

Shares transferred under free share plans

129,200

0.28

493,544.00

89.21

Cancelled shares

478,667

1.05 1,828,507.94

81.83

Shares used for external growth operations

-

-

-

-

Brokerage fees related to sale and buy-back transactions disclosed above amounted to 199,090.26 euros. (a)

During the last 24 months, the Board of Directors cancelled 1,166,063 shares, representing 2.56% of the share capital as of December 31, 2019.

DESCRIPTIONOF THE SHARE BUYBACK PROGRAM SUBMITTED TO THE SHAREHOLDERS’ MEETING OF MAY 20, 2020 resolution is approved by the Shareholders, the Board of Directors May 20, 2020, 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 20, 2020 – 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 , 2020

Purpose

Number of shares

Liquidity agreement

41,846

Free share grants

508,480

Cancellation

48,818

External growth operations

-

TOTAL

599,144

278

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •