BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Number of shares purchased in 2020 (b)

Share repurchase program authorized by the Annual Shareholders’ Meeting held on May 22, 2019 •

136,383

Share repurchase program authorized by the Annual Shareholders’ Meeting held on May 20, 2020 •

-

Average share repurchase price for the purchases during the first half of 2020 (in euros)

53.90

Excluding shares repurchased under the liquidity contract. (b)

During the year 2020, SOCIÉTÉ BIC cancelled 136,383 shares. To the best of the Company’s knowledge, as of December 31, 2020, Shareholders holding more than 5%, 10%, 15%, 20%, 25%, 33.33%, 50%, 66.66%, 90% or 95% of the share capital and/or of the voting rights of the Company were as follows:

At December 31, 2020 % of shares (approx.)

% of voting rights (approx.)

SOCIÉTÉ M.B.D.

28.35%

38.33%

Bich family

17.20%

23.21%

NOTE 16

BORROWINGS AND FINANCIAL LIABILITIES

Current borrowings and financial liabilities

Non-current borrowings and financial liabilities

Bank overdrafts

Short-term borrowings

Current lease liability

Non-current lease liability

Total

(in thousand euros)

At January 1, 2019

7,738

-

1,174

3

13,668

32,028

54,610

Cash Flows

44,040

-

(33)

2,888 (16,487)

(1,068)

29,341

“Non cash” changes

(69)

-

17

6

15,478

(1,526)

13,905

Changes in lease liabilities •

-

- -

-

-

15,551

(1,242)

14,309

Exchange difference •

(69)

17

6

(73)

(284)

(404)

At January 1, 2020

51,710

1,157

2,897

12,660

29,434

97,856

Cash Flows

( 50,423)

75,000

( 120)

2,357

( 16,173)

( 2,692)

7,949

"Non cash" changes

( 275)

-

137

( 544)

16,305

( 3,463)

12,159

Changes in lease liabilities •

-

- - - -

-

17,613

( 1,081)

16,532

Djeep Acquisition •

-

139

- -

- -

- -

139

Rocketbook Acquisition •

62

-

62

Exchange difference •

( 338) 1,011

( 1)

( 544) 4,710

( 1,308) 12,792

( 2,382) 23,275

( 4,574)

At December 31, 2020

75,000

1,174

117,961

Bank overdrafts are due within one year.

239

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •