Compagnie des Alpes // 2020 Universal Registration Document

6 SHARE CAPITAL AND SHAREHOLDING Share capital

6.1.2 TREASURY STOCK

At 30 September 2020, the Company owned 31,932 shares of treasury stock, with a book value of €540,000. 6.1.2.1 Share buyback From 1 October 2019 to 30 September 2020, there were two successive share buyback programmes under the authorisations granted by the Shareholders’ Meeting to allow the Company to buy back CDA shares, with total treasury stock limited to 10% of the share capital: l the programme already in place during the preceding fiscal year, implemented on 16 May 2019 by the Board of Directors on the basis of the authorisation given to it by the Shareholders’ Meeting of 7 March 2019; l a new share buyback programme, implemented by the Board on 5 March 2020, pursuant to the new authorisation given to it by the Shareholders’ Meeting on the same date. The latter authorisation was granted to the Board of Directors for a new period of 18 months. Pursuant to Articles 241-1 to 241-6 of the AMF general regulation and European regulation (EC) No. 596/2014 of 16 April 2014, supplemented with the Commission Delegated regulation (EU) 2016/1052 of 8 March 2016, this document outlines the goals and procedures of the programme, which are identical to those of the previous programme, namely: l ensuring the market-making on the secondary market or the liquidity of the Compagnie des Alpes share by an investment service provider under a liquidity contract, in compliance with an AMF-recognised Ethics Charter; l holding, selling or transferring the aforesaid shares by any means, especially through exchange or delivery of securities, particularly in the framework of acquisitions or the issuance of securities giving access to capital;

l attributing shares to employees and corporate officers of the Company, or of companies or groups to which the Company is related, under the conditions and in accordance with the procedures provided for in law, especially through income from Company acquisitions, stock options, the award of free shares, a Group or company savings scheme or an optional plan for an employee- employer savings partnership. During the 2019/2020 fiscal year, the share buyback programme was used for the market-making of the share under the liquidity contract in force – see below. 6.1.2.2 Liquidity contract A new liquidity agreement was signed on 15 October 2020 with the investment services provider Oddo BHF SCA, ending the previous agreement concluded on 28 September 2016 with Oddo & Cie, following the regulatory change (in particular AMF decision no. 2018- 01 of 2 July 2018 on liquidity contracts and the introduction of new market practices) requiring the adoption of a wording in line with the new provisions. It can be renewed by tacit consent for successive one-year periods. This liquidity contract is entirely dedicated to managing Compagnie des Alpes shares and monitoring its financial and stock market environment. During the 2019/2020 fiscal year, 153,055 shares were purchased and 143,427 shares were sold. 6.1.2.3 Share awards to employees In 2019/2020, the Company did not proceed with any share buybacks for free share awards to employees under performance plans.

6.1.2.4 Annual summary of buybacks The share buyback programme results, from 1 October 2019 to 30 September 2020, are illustrated below:

Position at 30 September 2020 Percentage of treasury stock, held directly or indirectly Number of shares cancelled over the last 24 months

Not significant

None

Number of shares in the portfolio (1)

31,932

Carrying amount of portfolio at 30 September 2020 (in thousands of euros) Portfolio market value at 30 September 2020 (in thousands of euros) (2) (1) Of which 31,932 shares allocated to the liquidity contract. (2) On the basis of a stock price of €16.90 per share at 30 September 2020.

540 539

Accumulated gross transactions at 30 September 2020

Purchases

Sales

Transfers

Number of shares

153,055

143,427

– – –

Average transaction price (in euros)

22.57 3,454

22.61 3,244

Amounts (in thousands of euros)

It must be noted that the Company did not use derivative instruments.

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Compagnie des Alpes I 2020 Universal registration document