La banque d'un monde qui change 2004 - BNP Paribas

ShareholderInformationShare capitalAs of 31 December 2003, BNP Paribas’ share capitalstood at EUR 1,806,343,230 divided into 903,171,615shares (details of the historical share performances areprovided in the “Changes in share capital” section ofthe review of operations).In 2004, three series of transactions led to changes inthe number of shares outstanding:• a total of 1,050,967 new shares were issuedupon exercise of stock options;• 25 million shares acquired by the Bank as part ofits buyback programme were cancelled.• 5,477,862 shares were subscribed throughthe share issue reserved for employees.As of 31 December 2004, BNP Paribas’ sharecapital stood at EUR 1,769,400,888 divided into884,700,444 shares with a par value of EUR 2 (1) .The shares are all fully paid-up and are held inregistered or bearer form at the choice of theirholders, subject to compliance with the relevantlegal provisions. None of the Bank’s sharesentitle their holders to an increased dividendor double voting rights.Changes in shareholder structureOver the past three years, the Bank’s ownership structure changed as follows:31/12/02 31/12/03 31/12/04Number of % % Number of % % Number of % %SHAREHOLDERS shares interest voting shares interest voting shares interest voting(in millions) rights (in millions) rights (in millions) rightsAxa 52.45 5.9% 6.0% 52.07 5.8% 6.1% 50.00 5.7% 6.0%Employees 41.24 4.6% 4.8% 46.36 5.1% 5.4% 45.38 5.1% 5.4%• o/w corporate mutual funds 31.68 3.5% 3.7% 34.58 3.8% 4.0% 33.55 3.8% 4.0%• o/w directly owned 9.57 1.1% 1.1% 11.78 1.3% 1.4% 11.83 1.3% 1.4%Corporate officers 0.28 n.m. n.m. 0.27 n.m. n.m. 0.23 n.m. n.m.Treasury shares 28.26 3.2% 46.43 5.1% 51.81 5.9%Public 66.25 7.4% 7.6% 63.70 7.1% 7.4% 61.00 6.9% 7.3%Institutional investors 599.67 67.0% 69.2% 606.57 67.2% 70.8% 574.46 64.9% 69.0%• European 493.96 55.2% 57.0% 499.87 55.3% 58.3% 465.94 52.7% 56.0%• Outside Europe 105.71 11.8% 12.2% 106.70 11.8% 12.5% 108.52 12.2% 13.0%Other and unidentified 107.03 12.0% 12.3% 87.77 9.7% 10.2% 101.82 11.5% 12.3%Total 895.17 100.0% 100.0% 903.17 100.0% 100.0% 884.70 100.0% 100.0%(1) Since the end of the financial year, 518,758 new shares have been issued upon exercise of stock options. As of 25 January 2005,BNP Paribas’ share capital stood at EUR 1,770,438,404 divided into 885,219,202 shares with a par value of EUR 2.