Registration document 2010-11 - Air France-KLM Finance

Corporate governance1Stock market and shareholders1.3 Stock market and shareholders1.3.1 Air France-KLM sharesin the stock marketAir France-KLM is listed for trading on the Paris and AmsterdamStock Markets (Euronext Paris and Amsterdam) under the ISIN codeFR0000031122. The stock is a component of the CAC Next20,Euronext 100 and DJ Eurostoxx 300 and is also included in theFTSE Cyclical Services and FTSE Airlines and Transports sectorindices. Air France-KLM is the only airline to fi gure in the two leadingsustainable development indices, the FTSE4Good and the DJSI Stoxx2006. Lastly, the stock is also included in the French IAS employeeshareholders index.In February 2008, Air France-KLM was delisted from the NYSE and itsAmerican Depositary Receipt program transferred to the OTC Market(OTCQX) under the ticker AFLYY.The Reuters code is AIRF.PA or AIRF.AS and the Bloomberg code AFPA (See also Section 6 – Information on trading in the stock, page 255).Financial year2010-11Financial year2009-10Financial year2008-09Stock price high (In €) 15.300 13.080 21.150Stock price low (In €) 8.610 6.485 6.215Number of shares in circulation 300,219,278 300,219,278 300,219,278Market capitalization at March 31 (In € billion) 3.5 3.5 2.0❚ Dividend policyDuring the recent fi nancial years, Air France-KLM paid the following dividends:Financial year endedEarnings per share(in €)Dividend paid(in €)2007-08 2.63 0.582008-09 (2.76) -2009-10 (5.30) -The Group’s objective is to have a sustained dividend policy, subjectto the growth in net income excluding exceptional items. The dividendis paid on the fi fth trading day after the General Shareholders’ Meetingapproving the dividend.In view of the diffi cult environment in the past two fi nancial years, theBoard of Directors decided not to propose the payment of a dividendin respect of the 2008-09 and 2009-10 fi nancial years. In respect ofthe 2010-11 fi nancial year, the Board of Directors chose not to proposethe payment of a dividend, preferring to prioritize the continuedreduction in debt.❚ A regular dialogue with individual shareholdersand investorsThe Air France-KLM group informs the market on its activity throughmonthly traffi c fi gures and quarterly on the trend in its results andstrategic orientations. While the Group adapts its communicationto the profi le of its shareholders and investors, all the information isavailable on the fi nancial website in both French and English.Registration Document 2010-11 ■ Air France-KLM29