EURONEXT_Registration_Document_2017

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FINANCIAL STATEMENTS

Notes to the Consolidated Financial Statements

Note 22.1 – Reserve own shares Treasury shares are accounted for at trade date and all held by Euronext N.V. The movement on the line ‘acquisition of own shares’ in the Consolidated Statement of Changes in Equity consists of the impact from transactions by the liquidity provider of €1.3 million, minus the impact from transactions under the share repurchase program for €2.3 million. Details of these movements are disclosed below at (i) and (ii). (i) Liquidity Provider Part of the movement in the reserve during the reporting period relates to the transactions in Euronext N.V. shares conducted by the liquidity provider on behalf of the Group under the liquidity contract established (€1.3 million in 2017). The liquidity Agreement (the «Agreement») has been established in accordance with applicable rules, in particular the regulation

(EC) 2273/2003 of the European Commission of 22 December 2003 implementing the Directive 2003/6/EC of the European Parliament and Council as regards exemptions for buyback programs and stabilisation of financial instruments, the provisions of Article 2:95 of the Book II of Dutch Civil Code, the provisions of the General Regulation of the French Autorité des Marchés Financiers (the «AMF»), the decision of the AMF dated 21 March 2011 updating the Accepted Market Practice n° 2011-07 on liquidity agreements, the code of conduct issued by the French Association Française des Marchés Financiers (“AMAFI”) on 8 March 2011 and approved by the AMF by its aforementioned decision dated 21March 2011 (the «AMAFI Code») and as the case maybe the relevant Dutch rules applicable to liquidity agreements in particular the regulation on Accepted Market Practices WFT (Regeling gebruikelijke marktpraktijken WFT) dated 4 May 2011 and Section 2.6 of the Book II – General Rules for the Euronext Amsterdam Stock Market (the «Dutch Rules»). As at 31 December 2017 Euronext N.V. holds 22,306 shares under the program with a cost of €0.5 million.

The movement schedule for the reported years are as follows:

IN 2016

TOTAL VALUE TRANSACTION INCLUDING COMMISSIONS

TRANSACTION DATE (in euro)

BUY EURONEXT N.V. SHARES

SELL EURONEXT N.V. SHARES

AVERAGE SHARE PRICE

As at 31 December 2015

19,987

416,208

Purchases January

93,633

€45.07

4,220,149

Sales January

76,218

€44.90

(3,422,544)

Purchases February

87,397

€40.14

3,508,350

Sales February

60,014

€39.84

(2,390,795)

Purchases March

61,434

€37.11

2,279,843

Sales March

59,313

€37.26

(2,209,844)

Purchases April

49,024

€36.07

1,768,157

Sales April

47,325

€36.28

(1,716,930)

Purchases May

35,011

€37.59

1,316,138

Sales May

34,888

€37.85

(1,320,417)

Purchases June

60,521

€34.77

2,104,343

Sales June

56,607

€34.56

(1,956,572)

Purchases July

29,048

€33.46

971,811

Sales July

46,132

€33.86

(1,561,905)

Purchases August

30,015

€39.59

1,188,256

Sales August

33,632

€39.93

(1,343,049)

Purchases September

43,407

€38.24

1,660,047

Sales September

41,048

€38.32

(1,573,070)

Purchases October

37,211

€36.80

1,369,448

Sales October

30,735

€36.88

(1,133,609)

Purchases November

53,593

€35.81

1,919,004

Sales November

47,479

€35.88

(1,703,387)

Purchases December

35,060

€38.25

1,341,030

Sales December

48,953

€38.56

(1,887,621)

Total buy/sell

615,354

582,344

1,426,833 1,843,041

TOTAL AS AT 31 DECEMBER 2016

52,997

172

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2017 REGISTRATION DOCUMENT