Annual report 2006 - Dexia.com

GENERAL INFORMATION
6.1.3. September 11, 2006: capital increase –
accelerated book building
A capital increase carried out as part of an accelerated book
building transaction and giving rise to the issue of 66,176,166
new shares subscribed at a price of EUR 19.30 was observed
by notarized deed dated September 11, 2006.
As a consequence of that exercise, the amount of capital
of the Company went from EUR 4,888,607,837.92 to
EUR 5,168,400,584.92 represented by 1,147,775,757 shares.
6.1.4. September 29, 2006: capital increase –
exercise of subscription rights (“F1996”, “F1997”,
“A1999”, “A2000”, “ESOP 2000”, “ESOP 2001”
and “ESOP 2002” warrants)
A capital increase by the issue of 638,709 new shares with
VVPR strips was observed by notarized deed dated September
29, 2006 and results from the exercise of the following categories
of subscription rights:
a) 26,000 subscription rights of the category “F1996” warrants
were exercised within the context of the stock option
plan described in point 6.1.2.a above by their beneficiaries
at a price of EUR 5.95 and 5,000 subscription rights of
the category “F1997” warrants were exercised at a price of
EUR 8.10;
b) 88,840 subscription rights of the category “A1999” warrants
were exercised within the context of the stock option
plan described in point 6.1.2.b above by their beneficiaries
at a price of EUR 13.81 and 34,250 subscription rights of
the category “A2000” warrants were exercised at a price of
EUR 15.17;
c) 36,700 subscription rights of the category “ESOP 2000”
warrants were exercised within the context of the stock option
plan described in point 6.1.2.c above by their beneficiaries at
a price of EUR 14.58;
d) 83,500 subscription rights of the category “ESOP 2001”
warrants were exercised within the context of the stock option
plan described in point 6.1.2.d above by their beneficiaries at
a price of EUR 17.86;
e) 364,419 subscription rights of the category “ESOP 2002”
warrants were exercised within the context of the stock
option plan described in point 6.1.2.e above by their beneficiaries
including 118,219 at a price of EUR 11.88 (all beneficiaries
except French beneficiaries) and 246,200 at a price of
EUR 13.66 (French beneficiaries).
As a consequence of that exercise, the amount of capital
of the Company went from EUR 5,168,400,584.92 to
EUR 5,171,274,775.42 represented by 1,148,414,466 shares.
6.1.5. October 26, 2006: capital increase – exercise
of subscription rights (“share plan net 2001 +
Germany”)
456,738 subscription rights of the category “share plan net
2001 + Germany” warrants were exercised by their beneficiaries
at a price of EUR 17.23. These options were issued in
accordance with the resolution dated June 6, 2001 passed
by the Extraordinary Shareholders’ Meeting of Dexia SA
particularly in favor of members of staff of the branch network
of Dexia Bank Belgium and members of staff of certain
international subsidiaries and sub-subsidiaries of Dexia SA
(Germany).
As a consequence of that exercise, the amount of capital
of the Company went from EUR 5,171,274,775.42 to
EUR 5,173,330,096.42 represented by 1,148,871,204 shares.
6.1.6. December 20, 2006: capital increase
reserved for Dexia Group members of staff (stock
option plan 2006) – exercise of subscription rights
(“F1997”, “F1998”, “A1999”, “A2000”, “ESOP
2000”, “ESOP 2001”, “ESOP 2002” and “ESOP
2003” warrants)
The first part of the capital increase on December 20, 2006
falls within the context of the 2006 shareholding plan aimed
at all members of staff and all employees of the Dexia Group,
in accordance with terms similar to those for 2000, 2001,
2002, 2003, 2004 and 2005 Dexia shareholding plans. In all,
8,265,504 new Dexia shares with VVPR strips were subscribed
and issued on December 20, 2006 within the context of the
2006 shareholding plan.
It is also to be noted that a total of 197,748 subscription rights
(of a maximum 1,200,000 issued under suspensive condition
by the Extraordinary Shareholders’ Meeting of the company
on May 10, 2006) were also issued on December 20, 2006 in
favor of employees who had subscribed to the offer providing
for the free grant of 6 subscription rights for 10 sub scribed
shares without discount (term of offer only made to employees
of the self-employed network of branches of the Dexia
Group in Belgium).
The second part of the capital increase observed by notarized
deed dated December 20, 2006 related to the issue of
3,914,221 new shares accompanied by VVPR strips resulting
from the exercise of the following categories of subscription
rights:
a) 43,470 subscription rights of the category “F1997” warrants
were exercised within the context of the stock option
plan described in point 6.1.2.b above by their beneficiaries
at a price of EUR 8.10 and 61,200 subscription rights of
the category “F1998” warrants were exercised at a price of
EUR 11.27;
b) 86,275 subscriptions rights of the category “A1999” warrants
were exercised within the context of the stock option
plan described in point 6.1.2.b above by their beneficiaries
at a price of EUR 13.81 and 134,504 subscription rights of
the category “A2000” warrants were exercised at a price of
EUR 15.17;
c) 356,553 subscription rights of the category “ESOP 2000”
warrants were exercised within the context of the stock option
plan described in point 6.1.2.c above by their beneficiaries at
a price of EUR 14.58;
d) 956,500 subscription rights of the category “ESOP 2001”
warrants were exercised within the context of the stock option
plan described in point 6.1.2.d above by their beneficiaries at
a price of EUR 17.86;
e) 1,598,719 subscription rights of the category “ESOP 2002”
warrants were exercised within the context of the stock
option plan described in point 6.1.2.e above by their benefici-
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