Worldline - 2020 Universal Registration Document

RISK ANALYSIS Legal Proceedings

Risk on shares F.2.16

The risk on shares is limited to treasury shares.

Organizational structure risk F.2.17

Please refer to Section G.5.4.9 Control of the Issuer.

Legal Proceedings F.3

The Group is involved in legal, administrative and regulatory proceedings in the ordinary course of business. The Group records a provision in cases that it considers likely to result in financial loss to the Company or one of its subsidiaries, where the amount of such loss can reasonably be estimated. The low level of claims and litigation is attributable in part to self-insurance incentives and the vigorous promotion of the quality of the services performed by the Group and the intervention of a fully dedicated risk management department, which effectively monitors contract management from offering through delivery and provides early warnings on potential issues. All potential and active significant claims and disputes

are carefully monitored, reported and managed in an appropriate manner and are subject to legal reviews by the Group Legal department. Such legal proceeding are are reported to the Audit Committee of Worldline. Processes and policies are deployed in order t ensure the identification, at an early stage, of the litigation risks and its regular follow-up in collaboration with the various functions and managers. Group management considers that sufficient provisions have been made.

F.3.1

Labor claims

F

There are approximately 20,700 employees in the Group and relatively few labor claims. In almost every jurisdiction there are no or very few claims. The Group is a respondent in very few labor claims and in the Group’s opinion most of these claims have little or no merit and are provisioned appropriately.

The labor claims have been provisioned for an overall amount of € 4.8 million as inscribed in the consolidated financial statements for the year ended December 31, 2020.

Commercial and IP related claims F.3.2

There are a small number of commercial claims across the Group (including inherited from the SIX Payment Services and Ingenico acquisitions) given the size of the Group and its activity. The Group is also facing a small number of IP or unfair practice cases (including inherited from the SIX Payment Services and Ingenico acquisitions) most of which are, in the Group’s

opinion, considered as claims of a speculative nature in which the claims are considered as inflated and not founded. The total amount of the provisions for commercial litigation risks in the consolidated accounts for the year ended December 31, 2020, to cover for the identified commercial claims and litigations, added up to € 79.6 million.

Universal Registration Document 2020

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