Econocom - 2019 Universal registration document

07 shareholders

share performance and shareholders

It may conduct its activities in its own name or on behalf of third parties, for its own account or for the account of others.

designated persons who are not employees of the Company or its subsidiaries, all in accordance with legal provisions. sign agreements, containing the clauses and conditions it deems appropriate, with any third party in order to ensure that all or part of the shares to be issued are subscribed. The share capital may be redeemed without being reduced by repaying a portion of the ژ distributable profits to securities representing this share capital, in accordance with the law. CHANGES IN CAPITAL 1.4.3. At 31 ژ December 2019, the Company’s share capital stood at €23,512,749.67 and was composed of 245,380,430 ordinary shares with no stated par value, held in registered, or dematerialised form. The capital is fully paid-up. At 31 ژ December 2019, authorised unissued capital (excluding additional paid-in capital) stood at €19,052,787.28. The changes in share capital over the last three financial years are described below. The following changes to the share capital occurred in 2017: following the issue in 2014 of ORNANE • bonds convertible into cash and/or new shares and/or exchangeable for existing shares for a total of €175 ژ million, Econocom group bought back 39.12% of the bonds issued, while the remaining 60.88% was converted in 2017, resulting in the issue of ژ 10,050,928 Econocom group shares through seven capital increases conducted on ژ 17 ژ February 2017, 3 ژ March 2017, 16 ژ March ژ 2017, 21 ژ March 2017, 24 ژ March 2017, 31 ژ March 2017 and 6 ژ April 2017 (see details below) respectively, at the end of which ژ Econocom group share capital represented €23,489,757.67, equivalent to 122,570,215 shares; The Board of Directors may

Share capital 1.4. SHARE CAPITAL 1.4.1. (ARTICLE ژ 5 OF THE BYLAWS)

At 31 ژ December 2019, the Company’s share capital stood at €23,512,749.67 and was composed of 245,380,430 ordinary shares with no stated par value, held in registered, or dematerialised form. The capital is fully paid-up. CHANGES IN SHARE CAPITAL 1.4.2. BY THE ANNUAL GENERAL MEETING (ARTICLE ژ 6 OF THE BYLAWS) The share capital may be increased or reduced by a decision of the Annual General Meeting in accordance with the conditions required for amending the Bylaws. For capital increases approved by the Annual General Meeting, the price and conditions for issuing new shares are set at the same meeting based on recommendations from the Board of Directors. Existing shareholders have a pre-emptive right to subscribe for the new shares in cash, in proportion to the number of shares they hold, within a time limit set at the Annual General Meeting and in accordance with conditions determined by the Board of Directors. Shares with no stated par value below the carrying amount of the par value of existing shares may only be issued in compliance with legal requirements. Pre-emptive rights may, however, in the Company’s best interests, be limited or cancelled by decision of the Annual General Meeting ruling in accordance with the conditions required for amending the Bylaws or by the Board of Directors, within the authorised capital, in favour of one or more

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2019 annual report