RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 separate financial statements, notes and other information

3.5. SHAREHOLDERS’ EQUITY

STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY (in thousands of euros)

12/31/2019

12/31/2018

SHAREHOLDERS’ EQUITY AT THE BEGINNING OF THE YEAR

1,758,398

1,603,292

Capital increase

4,205

3,681

Increase in the share premium

129,436

154,732

Legal reserve allocation from share premium

409

369

Dividend distribution Results for the year

(154,522) 184,739 1,922,665

(169,266) 165,590 1,758,398

SHAREHOLDERS’ EQUITY AT THE END OF YEAR (1)

(1) Excluding regulated provisions.

As of December 31, 2019, the share capital consisted of 100,177,432 shares (of which 5,808 preferred shares), fully paid up, with a par value of €1.25 each, i.e. a total amount of €125,222 thousand. As of December 31, 2019, Rubis held 21,238 treasury shares. The various transactions impacting the share capital in the period are set out in the table below.

Number of shares

Share capital (in thousands of euros)

Share premium (in thousands of euros)

AS OF JANUARY 1, 2019

96,813,744 2,728,019

121,017

1,350,696

Payment of the dividend in shares

3,410

105,874

Free shares

88,548 144,053 400,000

111 180 500

(111) 5,212

Company savings plan

Equity line

19,124

Preferred shares

3,068

4

(4)

Capital increase expenses Legal reserve allocation AS OF DECEMBER 31, 2019

(250) (409)

100,177,432

125,222

1,480,132

The terms of the stock-option and free share plans outstanding as of December 31, 2019 are set out in the tables below:

Outstanding as of 12/31/2019

STOCK OPTIONS Date of the Board of Management meeting

Outstanding as of 12/31/2018

Rights exercised

Rights canceled

Rights issued

December 17, 2019

150,276

150,276 150,276

TOTAL

Options exercisable

STOCK OPTIONS (OPTIONS OUTSTANDING) Date of the Board of Management meeting

Number of options

Expiry of exercise period

Exercise price (in euros)

December 17, 2019

150,276 150,276

12/16/2022

52.04

TOTAL

Outstanding as of 12/31/2019

FREE SHARES Date of the Board of Management meeting

Outstanding as of 12/31/2018

Rights exercised

Rights canceled

Rights issued

August 18, 2014

8,748

(8,748)

December 17, 2019

385,759 385,759

385,759 385,759

TOTAL

8,748

(8,748)

The vesting period for beneficiaries’ free shares is a minimum of 3 years from the date on which they are granted by the Board of Management. The conditions for granting free shares are set by the Board of Management.

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