2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

31 DECEMBER 2010Share Capital and Share Ownership2Transactions carried out in 2010and until 31 January 2011Liquidity contractIn February 2005, Casino mandated Rothschild & Cie Banque toimplement a liquidity contract to ensure a wide market and regularquotations for its shares. The contract complies with the Code ofConduct of the Association française des marchés financiers (AMAFI)approved by the French securities regulator (Autorité des marchésfinanciers) on 1 October 2008. Casino allocated 700,000 sharesand the sum of €40 million to the liquidity account. A total of2,180,089 shares were purchased in 2010 at an average price pershare of €63.83, and 2,180,089 shares were sold at an average priceper share of €64.16. At 31 December 2010, the liquidity account heldno shares and the sum of €91.7 million.From 1 January to 31 January 2011, a total of 238,645 shareswere purchased at an average price per share of €71.54, and112,024 shares were sold at an average price per share of €72.39.At 31 January 2011, the liquidity account held 126,621 shares andthe sum of €82.7 million.Call options to cover options to purchaseexisting shares of Casino stockCall optionsIn 2005 and 2007, to cover part of the stock option plans grantedon 9 December 2004 and 13 April 2007, Casino purchased calloptions on ordinary shares with the same attributes (number, priceand final exercise date) as the stock options granted to employeesand officers under the plans. In 2009, the number and exercise priceof the calls outstanding were adjusted pursuant to the payment of apart of Casino’s 2008 dividend in Mercialys shares.In 2010, no calls were purchased, 25,445 were exercised and 47,230were cancelled after a corresponding number of stock options werecancelled when the grantees left the company. Premiums receivedtotalled €0.26 million. 2,407 call options lapsed during the yearwithout being exercised.From 1 January to 31 January 2011, no calls were exercised and 3,370were cancelled after a corresponding number of stock options werecancelled when the grantees left the company. Premiums receivedtotalled €0.02 million.The following table shows the attributes of the call options purchased as well as transactions carried out during 2010 and from 1 Januaryto 31 January 2011:Expiry dateCallsoutstandingat1 January2010Callscancelled2010 transactions CallsoutstandingCallsexercisedCallslapsedCallsadjustedat31 December20102011 transactions CallsoutstandingCallscancelledCallsexercisedat31 January2011Adjustedexerciseprice8 June 2010 (1) 41,672 13,820 25,445 2,407 - 0 - - - €55.8812 Oct. 2012 284,027 33,410 - - - 250,617 3,370 - 247,247 €71.73TOTAL 325,699 47,230 25,445 2,407 - 250,617 3,370 - 247,247(1) 24,246 calls extended from 8 June 2010 to 14 June 2010.Share purchasesIn 2010, the Company did not purchase any shares for the purposeof allocating them to employee or officer stock option, share grantor stock ownership plans.Other stock transactionsThe Company cancelled 25,445 shares in 2010. 25,445 sharesarising on the exercise of calls and 6 preferred non-voting shareswere cancelled in the twenty-four months from 1 February 2009 to31 January 2011.No other treasury share transactions were carried out between1 January and 31 January 2011.Registration Document 2010 | Casino Group31