2010 annual report - touax group

Annual report 2010
• Grant either share purchase options or shares for no consideration
to the employees and/or management of the TOUAX
Group;
• Agree to hedge securities giving the right to grant company
shares within the scope of current regulations;
• Hold the purchased shares and use them subsequently for
trading or payment as part of potential external growth transactions.
Note that shares acquired for this purpose may not
exceed 5% of the company's share capital;
• Cancel those shares, subject to a decision or authorization by
an Extraordinary General Meeting.
The transactions are summarized in the following table:
Declaration by TOUAX SCA of transactions in own shares from June 10, 2010 to February 28, 2011
Percentage of the share capital held directly or indirectly 0.08%
Number of shares cancelled during the past 24 months 0
Number of securities held in the portfolio 4,516
Book value of the portfolio (€) 138,870.01
Market value of the portfolio (€) 143,789.44
The sole objective was market-making and the liquidity of
TOUAX shares.
The own shares held by the Group are registered at their acquisition
cost as a deduction from shareholders’ equity. Gains from
the disposal of these shares are stated directly as an increase
in shareholders’ equity, such that capital gains or losses do not
affect the consolidated result.
➜ Liquidity agreement
TOUAX SCA and GILBERT DUPONT entered into a marketmaking
agreement on October 17 2005. A liquidity account was
created for transactions in order to simplify the liquidity of
TOUAX shares.
➜ Securities management - pure registered
and administered shareholders
CM-CIC Securities provides the share service for TOUAX SCA.
The share service involves keeping a list of pure registered and
administered share accounts and managing all associated formalities.
Further information can be obtained from CM-CIC
Securities, 6, avenue de Provence – 75441 PARIS cedex 09.
19. Related parties transactions
The Group has not entered into any significant transactions with
related parties other than those described in the notes to the
consolidated financial statements in section 20.1 note 27 page
89 (see the Statutory Auditors' report on regulated agreements
and commitments, section 20.3.2 page 97).
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