Universal Registration Document 2021
1 PRESENTATION OF THE GROUP SHARE CAPITAL AND SHAREHOLDING
II – DELEGATIONS TO ALLOW EQUITY-LINKED INSTRUMENTS FOR EMPLOYEES OR CORPORATE OFFICERS
Duration of the authorization and date of expiration
Number of shares and percentage of capital likely to be issued
Type of the financial delegation
Amount used 4,254,045 shares granted (1)
Amount available
36 months June 30, 2023
3.6% of the share capital as of the date of use of such authorization 1.4% of the share capital as of the date of use of such authorization
Grant of free shares to all employees or certain categories of employees and/or officers (25 th resolution of the AGM of June 30, 2020) Grant of free additional performance shares to all employees or certain categories of employees and/or officers (26 th resolution of the AGM of June 30, 2020)
4,235,638 shares available for allocation, on the basis of the capital as of December 31, 2021 (2)
36 months June 30, 2023 1,557,127 shares available for allocation, on the basis of the capital as of December 31, 2021 2,829,146 and 1,424,899 shares were respectively granted by the Board of Directors in 2020 and 2021 (See section 4.2.4: “Details on Stock Option Plans and Performance (1) or Restricted Share Plans” under Chapter 4: “Corporate governance and compensation”). In consideration of the 2,829,146 shares granted in 2020 and 1,424,899 shares granted in 2021, 4,235,638 shares remain available for allocation by the Board of Directors (2) under this authorization on the basis of the capital as of December 31, 2021. This figure is given only for information purpose and shall involve, being noted that the maximum number of shares and percentage likely to be issued under this resolution is to be calculated at the date of use of the authorization. 1,744,416 shares granted
Dividend policy 1.4.4 [201-1]
Any payment of dividends or other distributions depends on the Company’s financial condition and results of operations, especially net income, and its investment policy. Upon proposal of the Board of Directors, it will not be proposed to the Annual General Meeting to be held to approve the financial statements for the fiscal year ending December 31, 2021, to pay any dividend with respect to fiscal year 2021. Upon proposal of the Board of Directors, with respect to fiscal year 2020, the General Shareholders’ Meeting of May 12, 2021 decided not to pay a dividend.
Upon proposal of the Board of Directors with respect to fiscal year 2019, the General Shareholders’ Meeting of June 30, 2020 decided not to pay a dividend. Furthermore, the New Money Documentation and the Reinstated Term Loans contain clauses restricting the Company’s ability to declare or pay dividends (see note 8.2 to the consolidated financial statements: “Financial liabilities”).
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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021
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