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Share capital and share ownership
7.3 Authorization to issue securities that give access to the share capital
DANONE
REGISTRATION DOCUMENT 2015
311
Employee shareholding
Capital increase reserved for employees in 2015
The Shareholders' Meeting of April 25, 2013 authorized the Board of
Directors, for a period of 26 months, to carry out capital increases
reserved for employee members of a company savings plan (Plan
d'Épargne Entreprise – PEE), within the limit of a nominal amount of
€3.1million. This authorization, whichwas in force until June 2015, was
renewed by the Shareholders' Meeting of April 29, 2015 for a period
of 26 months, within the limit of a nominal amount of €3.2 million.
Pursuant to the authorization of the Shareholders' Meeting of April 25,
2013, in June 2015 the Company carried out a capital increase re-
served for employee members of a company savings plan (through
a temporary fund later merged into the “Fonds Danone” company
investment fund) for a nominal amount of €209,513, representing
the issuance of 838,052 new shares, i.e. approximately 0.13% of the
Company's share capital.
Capital increase reserved for employees underway
Pursuant to the authorization of the Shareholders' Meeting of April 29,
2015, at its meeting on February 22, 2016 the Board of Directors
decided to carry out a capital increase reserved for employee
members of a company savings plan for a maximum subscription
amount of €80 million, representing a maximum of 1,644,061 new
shares (i.e. approximately 0.25% of the Company's share capital)
based on a discounted DANONE share price of €48.66. The actual
amount subscribed will be determined in June 2016.
Financial authorization subject to approval by the Shareholders' Meeting
The Shareholders' Meeting of April 28, 2016 will be asked to renew the authorization to grant Group performance shares (GPS), in accor-
dance with the conditions set out in the table hereafter:
Maximum amount authorized
Ordinary shares
Authorization date
Expiry date
(nominal amount of the issue)
Grants of Group performance
shares (GPS)
April 28, 2016
December 31, 2016
0.2% of the share capital as of
the closure of the Shareholders'
Meeting, and included in
the maximum amount of
€16 million common to the
dilutive issuances carried
out based on the financial
authorizations approved by
the Shareholders' Meeting of
April 29, 2015
Changes in share capital and in the rights attached to shares
Any changes in the share capital or the rights attached to the shares comprising the share capital are subject to applicable legal provisions,
as the by-laws do not contain any specific provisions related thereto.