Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

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 €0.4 million (2019: €0.9 million), minus the impact from transactions under the share repurchase program for €13.6 million (2019: €0.0 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 (€0.4 million in 2020). 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 2020, Euronext N.V. holds no shares under the program (2019: 5,000 shares).

The movement schedule for the reported years are as follows:

In 2019

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 2018

21,889

Purchases January

36,456

€52.50

1,913,903

Sales January

58,345

€51.96

(3,031,321)

Purchases February

85,975

€53.23

4,576,631

Sales February

79,875

€53.27

(4,255,334)

Purchases March

59,362

€55.28

3,281,735

Sales March

65,462

€55.27

(3,618,378)

Purchases April

58,371

€58.48

3,413,310

Sales April

58,371

€58.66

(3,424,234)

Purchases May

47,893

€62.31

2,984,267

Sales May

47,893

€62.56

(2,996,335)

Purchases June

68,346

€65.02

4,443,829

Sales June

62,181

€64.99

(4,041,053)

Purchases July

81,565

€68.80

5,611,840

8

Sales July

87,730

€68.72

(6,028,413)

Purchases August

65,200

€69.98

4,562,964

Sales August

63,251

€69.99

(4,426,717)

Purchases September

76,610

€70.90

5,431,555

Sales September

78,559

€71.16

(5,590,489)

Purchases October

76,279

€71.59

5,460,703

Sales October

76,279

€71.96

(5,489,297)

Purchases November

66,218

€70.37

4,659,431

Sales November

61,218

€70.71

(4,328,663)

Purchases December

94,305

€70.47

6,645,765

Sales December

94,305

€70.53

(6,651,490)

Total buy/sell

816,580

833,469

(895,795)

5,000

TOTAL AS AT 31 DECEMBER 2019

263

2020 UNIVERSAL REGISTRATION DOCUMENT