Annual report 2008 - Altarea Cogedim

(i) – Authorities to increase the share capital
Authority Date of Board meeting Term
Authority to issue for cash ordinary shares or securities giving access to the share capital,
with pre-emptive rights.
Authority to issue for cash ordinary shares or securities giving access to the share capital,
without pre-emptive rights.
Authority to issue ordinary shares or securities giving access to the share capital
in payment for securities tendered to a public exchange offer.
Authority to issue ordinary shares or securities giving access to the share capital
to pay for shares purchased other than under a public exchange offer.
Blanket limit for new share issues under all authorities granted
to the Managers set at €120 million
Authority to issue securities giving access to debt securities,
up to a maximum limit of €120 million.
Authority to issue ordinary shares or securities giving access to the share capital to minority
shareholders of subsidiaries to acquire their interests in an ALTAREA Group company
Authority to increase the share capital
by capitalising reserves.
Option of increasing the amount of an issue in case of oversubscription
by a maximum of 15% of the original amount.
(ii) – Share buyback programme
05/26/2008 26 months
05/26/2008 26 months
05/26/2008 26 months
05/26/2008 26 months
05/26/2008 26 months
05/26/2008 26 months
05/26/2008 18 months
05/26/2008 26 months
05/26/2008 –
Authority Date of Board meeting Term
Authority to buy back shares at a maximum price of €350 per share.
Maximum limit of €50 million.
Authority to reduce the share capital by cancelling shares
purchased under the share buyback programme
Authority to reduce the share capital by cancelling treasury shares held
as a result of asset transfers or mergers
(iii) – Employee share offers
05/26/2008 18 months
05/26/2008 26 months
05/26/2008 18 months
Authority Date of Board meeting Term
Authority to issue ordinary shares to members of an employee savings plan 05/26/2008 5 years
Share award plans 05/26/2008 38 months
Stock option plans (existing shares) 05/26/2008 38 months
Stock option plans (new shares) 05/26/2008 38 months
Blanket limit of 350,000 shares issued to executive officers or employees 05/26/2008 –
In accordance with the provisions of Article L. 225-100 of the French Commercial Code, the tables below set out the
authorities valid during 2008 granted by extraordinary resolution of the shareholders and their use during 2008. Each new
authority granted to the Board of Directors or Managers supersedes and cancels all previous authorities granted for the same
purpose.
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