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Information about the Company and the capital
Information on the capital
Treasury shares buybacks
7.2.3
Treasury shares
At December 31, 2015, the Company held 7, 927, 703
treasury shares
In 2014, for the implementation of this agreement,
(1,07% of capital).
€100,000,000 have been allocated to the liquidity account.
In 2015, the Company purchased 15,577,656
shares at an
The market value of Carrefour shares held based on the final quoted
average price of €29.17
and sold 14,639,895
shares at an
price for 2015 of €26.65, was €211 million.
average price of €29.23. At December
31, 2015, the Company
March
23, 2015, Carrefour announces the successful completion of
hold 1,517,761
shares.
the disposal of 12.7 million treasury shares, representing about 1.73%
Stock option plan coverage
2.
of its share capital.
In all, 633,245
shares were delivered in 2015 following the
The share disposal was carried through a private placement by way of
exercise of stock options by stock option plan beneficiaries. A total
an accelerated bookbuilding at a price of €31 per share, for a total
of 474,169
options were exercised at a price of 29.55
euros per
amount of €393.7 million
option, representing a total price of €14,011,693.95, and
Of the 12.7
million treasury shares sold, 9.3
million shares were
159,076
options were exercised at a price of €29.91
per option,
directly owned by Carrefour and 3.4
million shares were indirectly
representing a total price of €4,757,963.16.
owned through an equity swap. These shares correspond to the excess
Under the forward purchase contract implemented on June
15,
coverage of Carrefour’s obligations under stock option plans and free
2009, the Company acquired by anticipation:
share allotments.
3,456,321
shares at a price of €25.184
per share on
●
None of the Issuer’s subsidiaries held Carrefour company shares.
March 23, 2015, representing a total price of €87,044,380.79;
Share buyback
1,000,000
shares at a price of 25.184
euros per share on
●
March 25, 2015, representing a total price of €25,184,113.62;
2,000,000
shares at a price of 25.184
euros per share on
●
The Ordinary and Extraordinary Shareholders’ Meeting held on
April 1, 2015, representing a total price of €50,368,226.89
June
11, 2015, deliberating pursuant to article
L.
225-209 of the
Under the forward purchase contract implemented on June
15,
French commercial code, authorised the Board of Directors to
2009, the Company acquired at the expiry date:
purchase Company shares, enabling it to use the option of dealing in
treasury shares, in particular to:
3,585,393
shares at a price of 25.184
euros per share on
●
July 7, 2015, representing a total price of €90,294,944.05.
engage in market making activities with respect to Carrefour shares
●
Cancellation
3.
through an investment services provider, in the context of a liquidity
contract conforming to the professional rules approved by the
In 2015, the Company did not cancel any shares.
French financial markets authority (
Autorité des marchés
Description of the share buyback
financiers
);
fulfill any stock option plan in respect of the Company, free share
●
program approved by the Shareholders’
allocation or other forms of allocation of shares or compensation
Meeting of June 11, 2015
related to the share price, to employees or corporate officers of the
Company or a Group company;
Date of the Shareholders’ Meeting that approved the share
1.
allot or exchange shares, upon the exercise of rights attached to
●
buyback program and implementation decision:
securities giving access to share capital;
Approval of the program: Shareholders’ Meeting of June
11,
keep shares and subsequently use them as payment or as exchange
●
2015.
within the scope of acquisitions, mergers, demergers or
Implementation decision: Board of Directors’ Meeting of June
11,
contributions, and under the limits set by the applicable
2015.
regulations;
Number of shares and percentage of capital held directly or
2.
cancel them;
●
indirectly by the issuer:
engage in any market making activities that may be recognized by
●
At March
31, 2015, the Company held 4,803,179 treasury
law or the French Financial Markets Authority (
Autorité des marchés
shares,
i.e.
0.65% of the share capital.
financiers
).
Purposes for which shares are held by the Company:
3.
For each of the goals pursued, the number of shares purchased was as
2,992,276 treasury shares are used to cover share purchase
follows:
option plans and 1,810,903 treasury shares are hold by the
Liquidity agreement
1.
Company through the liquidity agreement.
The Company has entrusted Oddo Corporate Finance with the
Objectives of the share buyback program:
4.
implementation of a liquidity agreement applying to Carrefour
Purchases are made, in descending order of priority, to:
ordinary shares (ISIN code FR0000120172) that are traded on
the regulated market of NYSE Euronext in Paris.
2015 REGISTRATION DOCUMENT
259