Compagnie des Alpes - 2017 Registration Document
6 SHARE CAPITAL AND SHAREHOLDER STRUCTURE Share capital
6.1.3
AUTHORISATIONS TO INCREASE SHARE CAPITAL
All of the current authorisations regarding share capital increases are those given by the Extraordinary Shareholders’ Meeting of 10 March 2016 for a duration of 26 months. All the current authorisations are therefore valid until May 2018.
The powers conferred upon the Board of Directors for increasing share capital, and the use of those powers where applicable, are set out in the summary table below:
Unutilised authorisation balance at 30/09/2017
Purpose of the powers
Date of the ESM Deadline Maximum amount authorised Utilisations
26 months (until 10/05/2018)
1% of capital on the day of award decision, in addition to a maximum of 7% of the capital for all outstanding free shares and stock options
None 1% of the capital on the day of the Board’s decision / Balance of the maximum limit: 6.55% (number of awarded free shares representing 0.4% of the capital)
Authorisation to award performance shares to employees and Group corporate officers
10/03/2016 (17 th resolution)
26 months (until 10/05/2018) 26 months (until 10/05/2018) 26 months (until 10/05/2018) 26 months (until 10/05/2018) 26 months (until 10/05/2018) 26 months (until 10/05/2018)
Shares: €90 million Debt securities: €100 million
None
Shares: €90 million Debt securities: €100 million
Powers to increase capital with preferential subscription rights (issues reserved for shareholders) Powers to increase capital with elimination of preferential subscription rights, by public offering Powers to increase capital without preferential subscription rights, by private placement offering Powers to increase capital without preferential subscription rights to pay contributions in kind with shares Powers to increase the capital through the incorporation of additional paid-in capital, reserves, profits or others Powers to increase capital by employee issue under the Group Employee savings plan
10/03/2016 (18 th resolution)
Shares: €45 million (with priority period) or €35 million (with no priority period) Debt securities: €100 million Shares: powers as above, within a maximum of 20% of share capital Debt securities: €100 million
None
Shares: €45 million (with priority period) or €18 million (with no priority period) Debt securities: €100 million Shares: powers as above, within a maximum of 20% of share capital Debt securities: €100 million
10/03/2016 (19 th resolution)
None
10/03/2016 (20 th resolution)
10% of share capital (currently €18.5 million)
None
10% of share capital (currently €18.5 million)
10/03/2016 (21 st resolution)
Shares: €30 million
None
Shares: €30 million
10/03/2016 (22 nd resolution)
703,000 shares (2.9% of share capital, currently €5.4 million) Shares: €90 million Debt securities: €200 million
None
703,000 shares 2.9% of capital (currently €5.4 million) Shares: €90 million Debt securities: €200 million
10/03/2016 (23 rd resolution)
Total cash limit of all authorisations and powers combined
10/03/2016 (24 th resolution)
The only authorisation used by the Board during the fiscal year is the one granted for awarding free shares in the Company (17 th resolution), 59,400 performance shares thus being awarded as part of Plan no. 20 implemented on 28 March 2017.
6.1.4
POTENTIAL SHARE CAPITAL
At 30 September 2017, the potential capital represented 0.46% of the share capital, in the form of 113,950 outstanding entitlements to free shares.
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Compagnie des Alpes I 2017 Registration Document
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