4.4 Legal risk - Scor

Except for the delegation granted pursuant to the 20th resolution, which is granted for an eighteen (18) months duration, the
delegations of powers granted by the Shareholders' Meeting of 3 May 2012 are each granted for a twenty-six (26) months
duration as from the date of the Shareholders’ Meeting, i.e. until 3 July 2014, date on which it will be deemed expired if the
Board of Directors did not use it.
Except for the authorisation granted pursuant to the 16th resolution, which is granted for a twenty-six (26) months duration,
the authorizations granted by the Shareholders’ Meeting of 3 Mai 2012 are each granted for an eighteen (18) months
duration as from the date of the Shareholders’ Meeting, i.e. until 3 November 2013, date on which it will be deemed expired
if the Board of Directors did not use it.
The total amount of shares authorized at the date of the Registration Document, including the shares that could be issued in
connection with the implementation (i) of stock option plans and allotment of free shares plans, (ii) equity securities and (iii)
the current delegations and authorizations is 155,140,839.
21.1.2 EXISTENCE OF NON-EQUITY SHARES
Not applicable.
21.1.3 NUMBER AND VALUE OF DIRECTLY OR INDIRECTLY HELD TREASURY SHARES
The description of the stock buyback program implemented under the 8th resolution of the Annual Shareholders' Meeting of
3 May 2012 was published by the Company on 3 May 2012. The report of the Board of Directors of the Company to the
Annual Shareholders’ Meeting to be held in the first half of 2013 on the use of the 8th resolution will be made available to
SCOR shareholders under the conditions set forth by law.
In the context of the above mentioned buyback program and this liquidity agreement were as follows: SCOR proceeded,
between 3 May and 31 December 2012, to:
• the purchase of 6,792,437 treasury shares,
• the sale of 4,405,351 treasury shares,
• the transfer of 719 000 treasury shares.
On 31 December 2012, SCOR held 8,930,686 shares compared with 7,262,600 shares at 31 December 2011. The par
value of these treasury shares is EUR 70,346,766.24 and their book value is EUR 162,638,941.19.
The tables hereunder detail the evolution of the trading rates of the operations on treasury shares as well as the allocation
by objectives.
Month
Average
monthly trading
rate for
purchases In
EUR
Average
monthly trading
rate for sales In
EUR
Total monthly
amount of trading
fees In EUR
Number of
shares
purchased
Number of
shares sold
January 2012 18.53 17.07 21,756.74 927,602 388,364
February 2012 19.57 17.73 7,787.53 505,958 300,707
March 2012 20.25 16.02 3,875.89 368,453 972,578
April 2012 19.91 19.47 12,814.49 759,361 277,365
May 2012 18.68 16.77 18,356.85 1,222,510 725,194
June 2012 17.80 18.54 8,731.11 662,326 263,439
July 2012 19.21 17.90 2,231.10 441,830 276,315
August 2012 19.45 15.31 1,452.17 272,503 976,803
September 2012 19.94 19.22 14,126.19 494,584 238,063
October 2012 20.72 19.08 0.00 202,650 251,324
November 2012 20.16 20.10 9,527.68 367,437 241,843
December 2012 20.47 20.68 28,026.34 567,223 212,356
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