Danone // 2020 Universal Registration Document

7.1 SHARE CAPITAL OF THE COMPANY 294 Transactions on the share capital in the last three years and share capital as of December 31, 2020 294 Shares constituting the share capital 294 7.2 TREASURY SHARES HELD BY THE COMPANY AND ITS SUBSIDIARIES 294 Authorization granted to the Company to buy back its own shares 294 Authorization to cancel shares and reduce the share capital following the buyback by the Company of its own shares 295 Transactions on Company shares in 2020 and situation as of December 31, 2020 295 7.3 AUTHORIZATIONS TO ISSUE SECURITIES GIVING ACCESS TO THE SHARE CAPITAL 296 Summary of financial authorizations in effect as of December 31, 2020 296 Capital increases reserved for employees 297 Financial authorizations subject to approval by the Shareholders’ Meeting 297 Changes to share capital and rights attached to shares 298 7.4 FINANCIAL INSTRUMENTS NOT REPRESENTING SHARE CAPITAL 298 7.5 DIVIDENDS PAID BY THE COMPANY 298 Dividend pay-out policy 298 Dividend paid in respect of 2020 fiscal year 298 Dividends paid in respect of the previous three fiscal years prior to 2020 298 Dividends forfeited to the French State 299 7.6 SHAREHOLDERS’ MEETING, VOTING RIGHTS 299 Participation in Shareholders’ Meetings 299 Voting rights 299 7.7 CROSSING OF THRESHOLDS, SHARES AND SHARE SALES 301 Crossing of thresholds 301 Purchases and sales of Company shares 301 7.8 SHARE OWNERSHIP STRUCTURE OF THE COMPANY AS OF DECEMBER 31, 2020 AND SIGNIFICANT CHANGES OVER THE PAST THREE YEARS 301 Share ownership structure as of December 31, 2020 301 Significant changes in the company’s share ownership during the past three fiscal years 302 7.9 MARKET FOR THE COMPANY’S SHARES 303 7.10 FACTORS THAT MIGHT HAVE AN IMPACT IN THE EVENT OF A PUBLIC TENDER OFFER 304 7.11 CHANGE OF CONTROL 305