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2007 Annual report - Groupe M6

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MANAGEMENT REPORT<br />

the dividend shall be declared and taxed in accordance with usual conditions. The option<br />

is not open to legal entities and non-resident shareholders, who remain taxed according to<br />

the specific conditions applicable to them based on their particular situation.<br />

Due to its scope of application, of its irrevocable nature and related consequence (in<br />

particular, taxation on 100% of the amount of dividends, early payment of tax, nondeductibility<br />

of CSG tax, loss of the tax rebate and annual tax credits applicable to income<br />

from shares), we recommend shareholders to contact the intermediary holding their shares<br />

or ask for their advice before the dividend payment date, in order to examine the applicability<br />

and terms and conditions of the option in the light of the conditions their shares are held (in<br />

the event in particular of shares held through an investment holding company), as well as<br />

the merit of this option in the light of their personal asset and tax position.<br />

12.10.5<br />

12.10.5.1<br />

Employee shareholding<br />

<strong>M6</strong> Group savings plan<br />

Established in September 1994 as a Fonds commun de placement (collective investment<br />

scheme), the <strong>M6</strong> Group savings plan invests exclusively in Company shares.<br />

At 31 December <strong>2007</strong>, the savings plan had 790 unit holders holding indirectly 130,100<br />

shares).<br />

12.10.5.2<br />

The fund represents 0.10% of the share capital.<br />

Purchase of shares for allocation to employees under a profit<br />

sharing agreement<br />

(Articles L.225 211 paragraph 2 and L.225 208 of the Commercial Code)<br />

Nil.<br />

<strong>M6</strong> GROUP - <strong>2007</strong> annual <strong>report</strong><br />

77

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