2007 - April

5.0
Corporate Governance
Each criterion, weighted by a coefficient, will determine the
amount of profitsharing paid to employees. The amounts
paid are summarized in the table below:
In thousand
euros
5.3.2. Warrants
Profit-sharing for
2003 paid in 2004
Profit-sharing for
2004 paid in 2005
Profit-sharing for
2005 paid in 2006
Profit-sharing for
2006 paid in 2007
Profit-sharing for
2007 paid in 2008
135 168 159 215 239
The General Meeting also gives full powers to the Board of
Directors to set option prices within the following limits:
the subscription price may not be less than 100% of the
average listed price over the twenty trading days immediately
preceding the grant date, with an option for the Board of
Directors to offer a discount of up to 5% on the subscription
price.
At the Combined General Meeting on September 11 th ,
1997, the company’s shareholders authorized the Board of
Directors to grant options to certain Group employees and
corporate officers to purchase new company shares up to a
maximum of 3% of the outstanding share capital as on the
date the last option is granted.
Pursuant to the law, the authorization given by the General
Meeting prevails to the benefit of option-beneficiaries
with shareholders expressly renouncing their preferential
subscription rights in respect of shares issued as options are
exercised.
These options may be exercised for the applicable legal
period as of the grant date, subject to any restrictions that
may be made by the Board of Directors in plan regulations
and/or at the time of individual grants of options.
At the Combined General Meeting on April 26 th , 2001, the
company’s shareholders voted to increase the maximum to
5% and renewed the authorization given to the Board of
Directors.
STOCK OPTIONS OR WARRANTS GRANTED TO THE 10
MAIN EMPLOYEES (NON-CORPORATE OFFICERS)
OPTIONS EXERCISED BY THE 10 EMPLOYEES WITH THE
HIGHEST NUMBER OF OPTIONS EXERCISED
Number of options
granted / shares
subscribed for or
purchased
Price € Maturity Plan
At the Combined General Meetings on April 29 th , 2004,
April 28 th , 2005, then April 27 th , 2006, the company’s
shareholders voted to renew the authorization granted to the
Executive Board. At the Combined General Meeting on August
28 th , 2007, shareholders transferred this authorization to
the Board of Directors.
Options granted during the year by the issuer and any
company included in the scope for allocating options to the
10 employees from the issuer and any company included in
the scope awarded the highest number of options
Options held on the issuer and the above-mentioned companies
exercised during the year by the 10 employees
from the issuer and these companies having purchased or
subscribed for the highest number of shares
0
11,000
50,000
16,972
0
9,985
0
40.56
40.46
40.56
20.21
16.86
16.69
15.57
April 27 th , 2013
April 27 th , 2011
April 27 th , 2011
April 25 th , 2008
Dec 12 th , 2008
April 24 th , 2009
Dec 11 th , 2009
n°16
n°17
n°18
n°5
n°6
n°7
n°8
46
Return to the contents section