2007 Interactive Registration Document - Renault

5.2.4 UNISSUED AUTHORIZED CAPITAL
5.2.4.1 OVERALL AUTHORIZATIONS
The General Meeting of S hareholders of May 2, 2007 gave the Board of
Directors an authorization for a maximum period of 26 months to proceed at
its own discretion with miscellaneous fi nancial transactions to increase the
company’s share capital, with or without preferential rights.
At this writing, these authorizations have not been used.
RENAULT AND ITS SHAREHOLDERS 05
GENERAL INFORMATION ABOUT RENAULT’S SHARE CAPITAL
5.2.4.2 EXTRAORDINARY GENERAL
MEETING, MAY 2, 2007
The following table summarizes the capital increase authorizations given by the
General Meeting to the Board of Directors and that are currently in force:
DESCRIPTION OF AUTHORIZATION GIVEN TO THE BOARD OF DIRECTORS UTILIZATION
12th resolution* Issue with preemptive rights of shares or securities granting access to the company’s capital. Valid 26 months until the GM called
to approve the 2008 financial statements.
15th resolution* Issue without preemptive rights of shares as consideration for cash contributions. Valid 26 months until the GM called to approve
the 2008 financial statements.
16th resolution Capital increase through capitalization of reserves, income or issuance or share premiums. Valid 26 months until the GM called to
approve the 2008 financial statements. Capped at a nominal value of €1 billion.
18th resolution Capital increase through issuance of shares reserved for employees. Valid 26 months until the GM called to approve the 2008
financial statements. Capped at 4% of the share capital.
* Overall ceiling: the maximum nominal amount of the capital increases that may be made, either immediately or in future, pursuant to the twelfth and fifteenth resolutions, is set in the seventeenth resolution at
€500 million by the Extraordinary General Meeting of May 2, 2007.
The authorizations granted to the Board of Directors will be submitted to a
shareholder vote at the next General Meeting.
5.2.5 POTENTIAL CAPITAL
5.2.5.1 OPTIONS
The fourteenth resolution of the Combined General Meeting of May 4, 2006
authorized the Board of Directors to grant, on one or more occasions, in favor of
certain employees in the company and in the companies and groupings which
are bound to it under those conditions referred to in Article L. 225-180 of the
Commercial Code, stock options providing entitlement to the subscription of new
shares in the company issued by way of a capital increase, or the purchase of
shares in the company as repurchased by the company itself under statutory
and regulatory conditions.
The total number of stock options which may be granted in this way may not
provide entitlement to the acquisition of a number of shares which is greater
than 3.2% of the amount of the shares making up the registered capital at
the present date.
5.2.5.2 BONUS SHARES
The fi fteenth resolution of the Combined General Meeting of May 4, 2006
authorized the Board of Directors to grant, on one or more occasions, in favor
of certain employees in the company and in the companies and groupings
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which are bound to it under those conditions referred to in Article L. 225-197-
2 of the Commercial Code a free allocation of existing or newly issued shares
(“bonus shares”).
The total number of shares that may be freely allotted shall not be greater
than 0.53% of the amount of the shares making up the registered capital at
the present date.
5.2.5.3 SHARE BUYBACKS
Pursuant to Article L. 225-209 of the Commercial Code and to the description
of the buyback program fi led at the AMF in April 20, 2007, the tenth resolution
of the Combined General Meeting of May 2, 2007 authorized the Company to
deal in its own stock in order to make use of the possibilities allowed by law
for trading in own shares.
The company began to implement the buyback program in September 2007
by acquiring 2,136,650 shares. It purchased a further 1,618,000 shares in
January 2008.These shares were allocated to the option plans in order to
offset the dilution caused by the exercise of stock options granted to employees
and managers.
✦ Global Reporting Initiative (GRI) Directives Registration Document Renault 2007 161
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