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Annual Report 2009
NOTE 8: Shareholders' equity
Amount
(in thousands of euros)
Number of shares
Capital stock at 31/12/2007 8 787 4 393 887
Capital increase 0 0
Exercise of stock options and warrants 25 12 378
Capital stock at 31/12/2009 8,812 4,406,265
Capital increase 88 44,000
Exercise of stock options and warrants 66 33,161
CAPITAL STOCK AT 31/12/2009 8,966 4,483,426
The Company is subject to no specific regulatory or contractual obligations in respect to the share capital. The
Group does not have a specific policy concerning share capital. The balance between recourse to external
financing and equity financing through capital increases by the issue of new shares is assured on a case-by-case
basis according to the transactions under consideration. Share capital monitored by the Group includes the same
components as consolidated shareholders' equity.
NOTE 9: Treasury shares
Changes in treasury shares held by the Group in fiscal 2009: FY 2009 FY 2008
Opening balance 37,326 14,765
Purchase of own shares (liquidity agreement) 120,312 238,031
Sale of own shares (liquidity agreement) -135,973 -215,470
Exercise of options 0 0
Closing balance 21,665 37,326
Capital gains from disposals in connection with the purchase and sale of treasury shares under the liquidity
agreement totalling €62,000 in 2009 were allocated directly to shareholders' equity and had no impact on the
income statement of the period.
NOTE 10: Stock option and warrants plans
Highlights of plans for stock options, stock purchase options and warrants outstanding at 31 December 2009 are
presented below.
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