Euronext - 2019 Universal Registration Document

Financial Statements

Consolidated Statement of Changes in Equity

26.1 Reserve Own Shares Treasury shares are accounted for at trade date and all held by Euronext N.V. The movement on the line “acquisitions of own shares” in the Consolidated Statement of Changes in Equity consists of the impact from transactions by the liquidity provider of €0.9 million (2018: €0.2 million), minus the impact from transactions under the share repurchase program for €0.0 million (2018: €6.0 million). Details of these movements are disclosed below at (i) and (ii). (i) Liquidity provider Part of the movement in the reserve during the reporting period relates to the transactions in Euronext N.V. shares conducted by the liquidity provider on behalf of the Group under the liquidity contract established (€0.9 million in 2019). The liquidity Agreement (the “Agreement”) has been established in accordance with applicable rules, in particular the Regulation (EC) 2273/2003 of the European Commission of 22 December 2003

implementing the Directive 2003/6/EC of the European Parliament and Council as regards exemptions for buyback programs and stabilisation of financial instruments, the provisions of article 2:95 of the Book II of Dutch Civil Code, the provisions of the General Regulation of the French Autorité des Marchés Financiers (the “AMF”), the decision of the AMF dated 21 March 2011 updating the Accepted Market Practice n° 2011-07 on liquidity agreements, the code of conduct issued by the French Association Française des Marchés Financiers (AMAFI) on 8 March 2011 and approved by the AMF by its aforementioned decision dated 21 March 2011 (the “AMAFI Code”) and as the case maybe the relevant Dutch rules applicable to liquidity agreements in particular the regulation on Accepted Market Practices WFT ( Regeling gebruikelijke marktpraktijken WFT ) dated 4 May 2011 and section 2.6 of the Book II – General Rules for the Euronext Amsterdam Stock Market (the “Dutch Rules”). As at 31 December 2019 Euronext N.V. holds 5,000 shares under the program with a profit of €0.6 million (2018: 21,889 shares, with a cost of €0.3 million).

The movement schedule for the reported years are as follows:

IN 2018

Total value transaction including commissions

Transaction date (in euro)

Buy Euronext N.V. shares Sell Euronext N.V. shares Average share price

As at 31 December 2017

22,306

499,640

Purchases January

52,254

€53.85

2,814,024

Sales January

52,201

€53.93

(2,814,964)

Purchases February

71,335

€53.93

3,846,741

Sales February

93,694

€53.99

(5,058,389)

Purchases March

54,291

€59.00

3,203,076

Sales March

52,291

€59.09

(3,089,814)

Purchases April

94,005

€59.18

5,562,842

Sales April

96,005

€59.32

(5,694,816)

Purchases May

121,301

€55.71

6,757,334

Sales May

121,301

€55.81

(6,769,425)

Purchases June

75,542

€56.53

4,270,329

Sales June

51,742

€56.50

(2,923,485)

8

Purchases July

58,952

€53.82

3,172,696

Sales July

70,252

€54.40

(3,822,006)

Purchases August

83,931

€54.45

4,569,869

Sales August

86,431

€54.17

(4,681,873)

Purchases September

46,324

€55.54

2,572,936

Sales September

50,824

€55.78

(2,834,968)

Purchases October

52,899

€54.69

2,893,140

Sales October

53,949

€55.20

(2,977,863)

Purchases November

86,994

€53.71

4,672,557

Sales November

53,944

€54.87

(2,959,753)

Purchases December

47,300

€49.25

2,329,738

Sales December

62,911

€50.95

(3,205,479)

Total buy/sell

845,128

845,545

(167,554)

21,889

332,087

TOTAL AS AT 31 DECEMBER 2018

221

2019 UNIVERSAL REGISTRATION DOCUMENT