Saint-Gobain // Universal Registration Document 2021

8

Financial and accounting information Compagnie de Saint-Gobain 2021 annual financial statements (parent company)

Marketable securities also include 2,060,971 treasury shares held to cover employee stock option and performance share plans (see Note 8). Lastly, marketable securities include securities held within the scope of a liquidity agreement that complies with the Code of Ethics adopted by the French financial markets association (AMAFI) and with AMF decision no. 2018-01 of July 2, 2018. Under this liquidity agreement, at December 31, 2021 the Company held: €4.2 million worth of units in a euro-denominated ■ money-market fund (FCP); 24,477 treasury shares. ■

In 2021, 1,471,779 shares were purchased under this agreement (2020: 1,847,040 shares) and 1,483,669 shares were sold (2020: 1,847,233 shares).

Deferred charges Deferred charges mainly correspond to bond issuance costs for €31 million (€40 million at December 31, 2020). In 2021, new debt issuance costs recorded under “Deferred charges” totaled €0.5 million (2020: €21.3 million) and amortization for the year amounted to €10.7 million (2020: €21.3 million). The corresponding refinancing transactions are presented in Note 15.

Shareholders’ equity NOTE 12

12.1

Changes in shareholders’ equity

Additional paid-in capital, reserves and other

Unappro priated retained earnings

Total equity (in EUR million)

Net income (in EUR million)

Capital stock (in EUR million)

Number of shares (Number)

(in EUR million)

(in EUR million)

Date

SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2020 Appropriation of 2020 net income Shares issued upon exercise of stock options Shares issued under the Group Savings Plan Dividend

532,683,713

2,131

8,072

6,382

862

17,447

862

(862)

0

(698)

(698)

5/10/21

11,239

0

0

0

5/11/21 6/11/21

5,562,855

22

177

199

Shares canceled Shares canceled

(5,700,000) (8,543,174)

(23) (34)

(274) (463)

(297) (497)

11/30/21

Shares issued upon exercise of stock options

12/31/21

2,962

0

0

0

Net income for 2021

1,458

1,458

SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2021

524,017,595

2,096

7,512

6,546

1,458

17,612

At December 31, 2021, capital stock amounted to €2,096 million, comprising 524,017,595 shares of common stock with a par value of €4 each.

Stock option plans 12.2 Until 2018, Compagnie de Saint-Gobain operated stock option plans for certain employees. Under these plans, the Board of Directors granted options allowing beneficiaries to obtain Saint-Gobain shares at a price set, at no discount, by reference to the average of the opening prices for the Saint-Gobain share over the 20 stock market trading days preceding the date of the decision by the Board of Directors.

The principal events that contributed to changes in capital stock and shareholders’ equity were as follows: the May 2021 increase in capital stock through the ■ subscription of 5,562,855 shares under the Group Savings Plan at a price of €35.81 for a gross and net amount of €199 million; the capital reductions of June 11, 2021 and ■ November 30, 2021 through the cancellation of 5,700,000 and 8,543,174 shares, respectively, for a total gross and net amount of €794 million.

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 350

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