Euronext - 2020 Universal Registration Document

CONTENTS

INTEGRATED PRESENTATION

2

GENERAL DESCRIPTION OF THE COMPANY AND ITS SHARE CAPITAL

PRESENTATION OF THE GROUP

13

167

1.1 Company Profile

14

6.1 Legal Information on the Company

168 168 170 170

1.2 Strategy: “Let’s Grow Together 2022” Strategic Plan

6.2 Share Capital

17 22 40

6.3 Shareholder Structure

1.3 Description of the Business

6.4 Share Classes and Major Shareholders 6.5 General meeting of Shareholders and Voting Rights

1.4 Regulation

175 176

RISK MANAGEMENT & CONTROL STRUCTURE

6.6 Anti-Takeover Provisions

47

6.7 Obligations of Shareholders and Members of the Managing Board to Disclose Holdings

176 177 177 178 178 178 179

2.1 Risk Factors

48 54 57

6.8 Short Positions

2.2 Mitigation Measures 2.3 Control Structure

6.9 Market Abuse Regime 6.10 Transparency Directive

6.11 Dutch Financial Reporting Supervision Act

6.12 Dividends and Other Distributions

EURONEXT, A SUSTAINABLE EXCHANGE

63

6.13 2021 Financial Calendar

3.1 Value Creation by Euronext

64 67 67 69 78 79

3.2 ESG Governance

3.3 Transparency and Reporting 3.4 Euronext’s Five ESG Impact Areas

OPERATING AND FINANCIAL REVIEW

181

7.1 Overview

182

and the Sustainable Development Goals

7.2 Material Contracts and Related Party Transactions

3.5 ESG Risks Considerations 3.6 ESG Dashboard 2020

209 211 212 213 215

7.3 Legal Proceedings

3.7 Summary ESG KPI

108

7.4 Insurance

7.5 Liquidity and Capital Resources

7.6 Tangible Fixed Assets

CORPORATE GOVERNANCE 4.1 Dutch Corporate Governance Code, “Comply or Explain”

111

112 113 126

FINANCIAL STATEMENTS

217

4.2 Management Structure

8.1 Consolidated Statement of Profit or Loss 8.2 Consolidated Statement of Comprehensive Income

218

4.3 Report of the Supervisory Board

4.4 Remuneration Report of the Remuneration Committee

219 220 221

129

8.3 Consolidated Balance Sheet

8.4 Consolidated Statement of Cash Flows 8.5 Consolidated Statement of Changes in Equity 222 8.6 Notes to the Consolidated Financial Statements 223 Company Financial Statements for the year ended 31 December 2020 286 Notes to the Company Financial Statements 288

SELECTED HISTORICAL CONSOLIDATED FINANCIAL INFORMATION, OTHER FINANCIAL INFORMATION AND UNAUDITED PRO FORMA COMBINED FINANCIAL INFORMATION 5.1 Selected Historical Consolidated Financial Information 5.3 Unaudited Pro Forma Combined Financial Information 5.4 Assurance Report of the Independent Auditor 5.2 Other Financial Information

145

147 149

OTHER INFORMATION

303

9.1 Profit Appropriation Section 9.2 Independent Auditor’s Report

304 304 310

152 163

9.3 Assurance Report of the Independent Auditor

G GLOSSARY & CONCORDANCE TABLES & ANNEX

313

: Items above in the Contents of the Universal Registration Document with the symbol DR concern the Directors’ Report within the meaning of Article 2:391 of the Dutch Civil Code