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DANONE
REGISTRATION DOCUMENT 2015
304
7.1 COMPANY'S SHARE CAPITAL 306 Share capital as of December 31, 2015 306 Transactions on the share capital in the last five fiscal years 306 7.2 TREASURY SHARES AND DANONE CALL OPTIONS HELD BY THE COMPANY AND ITS SUBSIDIARIES 307 Authorization granted to the Company to buy back its own shares 307 Authorization to cancel shares and reduce the share capital following the buyback by the Company of its own shares 307 DANONE call options held by the Company 307 Liquidity contract 308 Transactions on Company shares in 2015 and situation as of December 31, 2015 309 7.3 AUTHORIZATION TO ISSUE SECURITIES THAT GIVE ACCESS TO THE SHARE CAPITAL 310 Summary of financial authorizations in force as of December 31, 2015 310 Financial authorization subject to approval by the Shareholders' Meeting 311 Changes in share capital and in the rights attached to shares 311 7.4 FINANCIAL INSTRUMENTS NOT REPRESENTING CAPITAL 312 Powers of the Board of Directors 312 Delegation of powers to the General Management 312 Bonds outstanding as of December 31, 2015 312 7.5 DIVIDENDS PAID BY THE COMPANY 312 Dividend pay-out policy 312 Dividend paid in respect of 2015 fiscal year 312 Dividends paid in respect of the three previous fiscal years 313 Dividends forfeited to the French State 313 7.6 VOTING RIGHTS, CROSSING OF THRESHOLDS 313 Voting rights 313 Crossing of thresholds 314 7.7 SHARE OWNERSHIP STRUCTURE AS OF DECEMBER 31, 2015 AND SIGNIFICANT CHANGES OVER THE LAST THREE FISCAL YEARS 315 Share ownership structure as of December 31, 2015 315 Significant changes in Company's share ownership over the last three fiscal years 316 Survey of the Company's identifiable shareholders 317 Employee shareholding 317 7.8 MARKET FOR THE COMPANY'S SHARES 318 Listing markets and indexes 318 Stock price and trading volumes 318 7.9 FACTORS THAT MIGHT HAVE AN IMPACT IN THE EVENT OF A PUBLIC TENDER OFFER 319 7.10 CHANGE OF CONTROL 321