Sopra Steria - 2020 Universal registration document
7 SHARE OWNERSHIP STRUCTURE Share buyback programme
Measures to govern the control 7.3. exercised by Sopra GMT The main measures to govern the control exercised by Sopra GMT are as follows: the separation of the functions of Chairman of the Board of p Directors and Chief Executive Officer; the adoption of the AFEP-MEDEF code as the Company’s p corporate governance code; the presence on the Board of Directors of eight Independent p Directors and two Directors representing the employees.
the selection process for new Directors, presented in p Section 1.2.3 of Chapter 3, "Corporate Governance". It ensures that proposals from a range of sources and their prior evaluation by the Nominations Committee are taken into account, where the controlling shareholder only has one-third of the seats and the position of the majority of Independent Directors prevails in the event of a tied vote; the terms of reference of the specialist committees, which are p made up of a majority of Independent Directors; periodic assessment by the Board of Directors of its ability to p meet the shareholders’ expectations.
Share buyback programme 8.
Implementation of the share 8.1. buyback programme in 2020 This description of the implementation of the share buyback programme is given pursuant to Article L. 225-211 of the French Commercial Code. Through Resolution 11 of the Combined General Meeting of 9 June 2020, the shareholders renewed the authorisation granted to the Board of Directors to buy back the Company’s shares as set out in Article L. 225-209 of the French Commercial Code and the AMF’s General Regulation, for an 18-month period expiring 8 December 2021. During the year ended 31 December 2020, this share buyback programme was used as follows: At 31 December 2019, 2,639 shares were allocated to the liquidity agreement. Between 1 January 2020 and 31 December 2020, Sopra Steria Group bought back 225,379 shares under the liquidity agreement at an average price of €124.15 and sold 222,618 shares at an average price of €123.93. At 31 December 2020, 5,400 shares were still held by the Company for the purposes of the liquidity agreement. Their unit cost is €130.88. At 31 December 2019, 24,068 shares were allocated in order to “allot or sell shares in the Company to employees and/or company officers of the Group, in order to cover share option plans and/or free share plans (or similar plans) for the benefit of Group employees and/or company officers as well as any allotments of shares in connection with a company or Group savings plan (or similar plan), in connection with company profit-sharing and/or any other forms of share allotment to the Group’s employees and/or company officers”. During financial year 2020, the Company acquired 77,971 shares at an average price of €135.88. Under the Share Incentive Plan (SIP) employee share ownership plan implemented by Sopra Steria Group in the United Kingdom, 895 shares were transferred free of charge to UK employees "%! " #) ) $# $ ! &* ). ' " #) !!$ ) $# )$ "%!$. (
participating in the SIP in a ratio of one free share per share acquired. In addition, 59,732 free shares were remitted in connection with the delivery and full and final allotment of free performance shares under the 2017 LTI plan instituted by Sopra Steria’s General Meeting of 22 June 2016 and allocated on 24 Februaty 2017 and 25 October 2017 to recipients meeting all the plan’s requirements after application of the performance conditions. Taking into account these items, the Company held 41,412 shares allocated for this purpose at 31 December 2020. Their cost price is €129.28. At 31 December 2020, Sopra Steria Group held 46,812 treasury shares, representing 0.2% of the share capital. Description of the 2021 share 8.2. buyback programme ! ! ' " ,$' This description is provided in accordance with the provisions of articles 241–2 et seq. of the General Regulation of the French securities regulator ( Autorité des Marchés Financiers – AMF) as well as European Regulation 596/2014 of 16 April 2014 (“MAR” regulation) and in accordance with the terms of article 221–3 of the AMF General Regulation. This programme will be submitted for approval at the General Meeting of 26 May 2021. Number of shares and share of capital held a. by the Company At 28 February 2021, the Company’s capital was made up of 20,547,701 shares. At that date, the Company held 58,186 treasury shares, representing 0.28% of the share capital. Breakdown by purpose of treasury shares held b. by the Company At 28 February 2021, the treasury shares held by the Company broke down by purpose as follows: implementation of liquidity agreement: 6,879 shares; p award or sale to employees and/or company officers of the Group, coverage of share option plans and/or free share plans (or similar plans) for the benefit of Group employees and/or company officers
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020
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