Annual report 2001 - GL events

26 27
Options for subscription of shares
The Extraordinary General Meeting of 3 October 1998
authorized the Board of Directors to issue 100.000
options for subscription of shares for the benefit of the
group’s employees. Considering the division by five of
the nominal value of the share, the number of shares to
be issued was carried upward to 500 000.
Plan n°1 Plan n° 2 Plan n° 3 Plan n° 4 Plan n° 5
99-1 99-2 00-1 00-2 01-1
Date of the General Meeting having 3 Oct. 1998 3 Oct. 1998 3 Oct. 1998 3 Oct. 1998 3 Oct. 1998
granted the authorization to issue options
Date of the Board of Directors 15 Jan. 1999 30 Oct. 1999 29 Feb. 2000 21 Nov. 2000 22 Oct. 2001
Total number of shares which can
possibly be subscribed
- before the division of the nominal 43 300 4 000 36 700 5 000 11 000
- after the division of the nominal 216 500 20 000 183 500 25 000 55 000
with the number of shares which can
possibly be subscribed by the members
of the executive committee
(in its current composition)
- before the division of the nominal 16 000 2 000 18 300 3 820
- after the division of the nominal 80 000 10 000 91 500 19 100
Number of concerned directors 5 1 6 - 6
Starting date of the exercising of options 15 Jan. 2001 30 Oct. 2001 28 Feb. 2002 21 Nov. 2002 22 Oct. 2003
Date of expiration
(end of the period of unavailability) 15 Jan. 2004 30 Oct. 2004 28 Feb. 2005 21 Nov. 2005 22 Oct. 2005
Price of subscription in €
- before the division of the nominal 25.70 36.97 58.46 106.80 42.25
- after the division of the nominal 5.14 7.39 11.69 21.36 8.45
Number of subscribed shares
- before the division of the nominal 5 800 170
- after the division of the nominal 29 000 850
The Mixed General Meeting of 10 December 2001
authorized the Board of Directors to issue a global
amount of 120 000 options for subscription or purchase
of shares for the benefit of the employees of GENERALE
LOCATION and the Group. The Board of Directors has
not used this authorization granted by the General
Meeting.
Authorized capital not issued
The Extraordinary General Meeting of 3 October 1998
authorized the Board of Directors to issue all types of
transferable securities with the maintain and/ or the
abolition of the preferential right for subscription for
an amount of 100 million French Francs at most. The
Extraordinary General Meeting of 18 January 2000 carried
this authorization upward to 130 million French Francs.
(or K€ 19 818).
The Board of Directors did not make use of the authorizations granted by the Annual General
Meetings mentioned above.