Econocom - 2020 annual report

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.

conditions required for amending the Bylaws or by the Board of Directors, within the authorised capital, in favour of one or more designated persons who are not employees of the Company or its subsidiaries, all in accordance with legal provisions. The Board of Directors may 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 distributable profits to securities representing this share capital, in accordance with the law. CHANGES IN SHARE CAPITAL 1.4.3. At 31 December 2019, the Company’s share capital stood at €23,512,749.67 and was composed of 220,880,430 ordinary shares with no stated par value, held in registered, or dematerialised form. The capital is fully paid-up. At 31 December 2020, authorised unissued capital (excluding issue premiums) stood at €23,512,749.67. The changes in share capital over the last three financial years are described below. No changes were made to the share capital in 2018. The following changes to the share capital occurred in 2019: in connection with the exercise of • subscription options by a beneficiary of the 2014 Stock Option Plan, on 21 June 2019 Econocomissued 240,000 new shares after which the share capital of Econocom group stood at €23,512,749.67, represented by 245,380,430 shares.

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

At 31 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 GENERAL MEETING (ARTICLE 6 OF THE BYLAWS) The share capital may be increased or reduced by a decision of the General Meeting in accordance with the conditions required for amending the Bylaws. For capital increases approved by the 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 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 General Meeting ruling in accordance with the

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2020 annual report