Euronext - 2019 Universal Registration Document

Financial Statements

Consolidated Statement of Changes in Equity

IN 2019

Total value transaction including commissions

Transaction date (in euro)

Buy Euronext N.V. shares Average share price

As at 31 December 2018

600,938

26,892,392

Total buy/sell

-

-

Total as at 31 December 2019

600,938

26,892,391

26.2 Legal Reserve Retained earnings are not freely available for distribution for an amount of €23.1 million relating to legal reserves (see Note 52). 26.3 Dividend On 16 May 2019, the Annual General Meeting of shareholders voted for the adoption of the proposed €1.54 dividend per ordinary share. On 24 May 2019, a dividend of €107.2 million has been paid to the shareholders of Euronext N.V.

(iii) Share-based payments vesting In 2019, the Group delivered 136,505 shares with a cost of €5.7 million to employees for whom share plans had (early) vested (2018: 131,884 shares with a cost of €5.2 million). This movement is disclosed on the line “Other” in the Consolidated Statement of Changes in Equity.

NOTE 27 EARNINGS PER SHARE

Basic Earnings per share are computed by dividing profit attributable to the shareholders of the Company by the weighted average number of shares outstanding for the period. The number of weighted average shares used for the basic earnings per share calculation for year ended 31 December 2019 was 69,673,637 and 31 December 2018 was 69,590,114.

Diluted Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. The impact of share plans is determined by the number of shares that could have been acquired at fair value (determined as the average quarterly market price of Euronext’s shares) based on the fair value (measured in accordance with IFRS 2) of any services to be supplied to Euronext in the future under these plans. The number of weighted average shares used for the diluted earnings per share calculation for the year ended 31 December 2019 was 69,929,727 and 31 December 2018 was 69,860,310. “positive EBITDA 1 ” performance condition. These equity awards are measured by reference to the grant-date market price of Euronext’s common share (“grant-date fair value”). In addition to these RSUs granted to all participants in the LTI Plans, Performance RSUs have been awarded to members of the Managing Board and Senior Leadership team. The vesting of these Performance RSUs is subject to two performance conditions: n 50% of the performance RSUs vests subject to a Total Shareholder Return (“TSR”) condition; n 50% of the performance RSUs vests subject to an EBITDA 1 -based performance condition.

NOTE 28 SHARE-BASED PAYMENTS

8

Euronext Long-Term Incentive Plan 2016 (“LTI Plan 2016”) The Restricted Stock Units (“RSUs”) granted under LTI Plan 2016 fully cliff-vested in 2019. Euronext Long-Term Incentive Plans (“LTI Plan”) 2017, 2018 and 2019 Directors and certain employees of the Group benefited from Restricted Stock Units (“RSUs”) granted by Euronext N.V. under the LTI Plans on their applicable grant dates. RSUs granted under LTI Plans cliff-vest after 3 years, subject to continued employment and a

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2019 UNIVERSAL REGISTRATION DOCUMENT