Groupe Renault - 2019 Universal Registration Document
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GENERAL INFORMATION RELATING TO RENAULT’S SHARE CAPITAL RENAULT AND ITS SHAREHOLDERS
Share buyback program (1) 5.2.5.3 Trading by Renault in its own shares in 2019 and allocation of treasury shares As at December 31, 2019, Renault held 4,548,736 shares with a par value of €3.81, and a net carrying amount of €326,321,571. Pursuant to the provisions of Article L. 225-209 of the French Commercial Code, the eighth resolution of the Combined General Meeting of June 15, 2018 authorized the Company to deal in its own shares so as to allow it to benefit from the opportunities granted by applicable law. The authorization was granted until December 15, 2019. A new share buyback program was authorized by the Annual General Meeting of June 12, 2019, rendering the program authorized on June 15, 2018 ineffective from the date of said meeting. In June 2019, Renault acquired 800,000 of its own shares as part of the share buyback program approved by the Annual General Meeting of June 15, 2018. The 4,548,736 shares held directly or indirectly by Renault as at December 31, 2019, are allocated in their entirety to the fulfilment of free performance share plans or any other form of allocation,
allotment or transfer granted to employees or senior executives of the Company. The shares acquired by the beneficiaries of share-based compensation (Long-Term Incentives) shall not have any effect on the share capital structure. Therefore, it is planned that shares acquired under a free performance share award shall come from the share buyback program. The aim is to leave the Company’s share capital unchanged. Percentage of treasury shares held directly or indirectly as at December 31, 2019: 1.54%. Number of shares canceled over the 24 months preceding December 31, 2019: 0. Number of shares held in the portfolio as at December 31, 2019: 4,548,736. Net carrying amount of the portfolio as at December 31, 2019: €326,321,571 Portfolio value as at December 31, 2019 (2) : €191,865,684 .
TRADING BY RENAULT IN ITS OWN SHARES IN 2019 AS PART OF THE PROGRAMS AUTHORIZED BY THE COMBINED GENERAL MEETINGS OF JUNE 15, 2018 AND JUNE 12, 2019 Total gross flows at December 31, 2019 Long and short positions at December 31, 2019 Buy Sell Open buy positions Open sell positions Number of shares 800,000 0 Nil Nil Average selling, purchase or exercise price 54.95 0 Nil Nil AMOUNT 43,956,780 0 NIL NIL
Description of the share buyback program submitted for authorization to the Annual General Meeting of April 24, 2020 Pursuant to Articles 241-1 to 241-7 of the French Financial Market Authority (AMF) General Regulation and Article L. 451-3 of the French Monetary and Financial Code, this chapter describes the objectives and arrangements for the new treasury share buyback program organized by Renault, which will be submitted for approval to the Combined General Meeting of Shareholders of April 20, 2020. The objectives of the program are to: cancel all or some of the shares acquired, notably to compensate i. for dilution arising from the exercise of share subscription options or the acquisition of shares allocated free of charge, subject to the adoption of seventeenth resolution put to this Annual General Meeting; use all or some of the shares acquired to implement any share ii. purchase option plan or restricted share plan, or any other form of assignment, allocation, disposal, or transfer for former or current employees and managers of the Company and its Group, and complete any hedging transaction relating to any such transactions, within the terms established by law;
deliver any or all of the shares acquired upon exercise of rights iii. attached to securities giving right, through conversion, exercise, redemption or exchange or any other manner, to shares of the Company, within the framework of applicable regulations; act on the secondary market or the liquidity of the Renault share iv. through an independent Investment Services Provider pursuant to a liquidity agreement complying with the code of ethics approved by the AMF; and more broadly, perform all other transactions currently admissible, v. or that would become authorized or admissible, by applicable laws or regulatory provisions or by the AMF.
This paragraph includes information that must be given in the description of the program in application of Article 241-2 of the AMF General (1) Regulation and information required in application of the provisions of Article L. 225-211 of the French Commercial Code. Based on a stock market price of €42.18 at December 31, 2019. (2)
446 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019
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