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2012 FINANCIAL STATEMENTS AND RELATED NOTES- cancel shares, in accordance with the authorisation granted by the Extraordinary General Meeting ofshareholders of 4 May 2011.During the financial year ended 31 December 2012 and pursuant to this authorisation:- M6 bought back for future cancellation 500,000 of its own shares, representing 0.4% of the sharecapital, at a total cost of €4.9 million. All these shares were cancelled to reduce the number of sharesmaking up the share capital from 126,383,964 to 125,883,964 shares;- Transactions were carried out by M6 as part of the liquidity contract:- M6 bought and delivered shares to cover free share allocation plans.Within the scope of the next free share plans in 2013, Métropole Télévision entered into a forwardtreasury share purchase contracts in relation to 330,000 shares, maturing on 26 July 2013.Furthermore, even though it has been granted authorisations by the Shareholders’ General Meeting toproceed in specified cases with share capital increases (through the issue of ordinary shares and / ormarketable securities providing access to the share capital), the Company currently has no plans to issuenew shares, aside from the exercise of share subscription options.The Company also comes within the scope of Article 39 of the Law no 86-1067 of 30 September 1986as amended, as well as Law no 2001-624 of 17 July 2001, which state that an individual or entity, actingalone or in concert, shall not hold, directly or indirectly, more than 49% of the capital or voting rights of acompany licensed to operate a nationwide television service by terrestrial transmission. Therefore, anydecision liable to have a dilutive or enhancing effect on existing shareholders must be assessed in thelight of this specific legal requirement.24.2. Shares comprising Métropole Télévision’s capital(thousands of shares)Ordinary sharesTreasury sharesissuedheldSharesoutstandingAt 1 January 2011 128,958 460 128,498Exercised stock options 4 -Movement in treasury shares:- held for the purpose of allocating free shares (352)- held as part of the liquidity contract 39Implementation of the share buyback programme (before cancellationof shares)(2,578) -At 31 December 2011 126,384 147 126,237Exercised stock options - -Movement in treasury shares:- held for the purpose of allocating free shares 518- held as part of the liquidity contract (12)Implementation of the share buyback programme (before cancellationof shares)(500) -At 31 December 2012 125,884 653 125,231The shares making up the capital of Métropole Télévision are all ordinary shares with one vote each. Allshares are fully paid up.Three share subscription plans and five free share allocation plans for the benefit of management andsenior executives were in place at 31 December 2012 (see Note 9).200 - M6 GROUP - 2012 REGISTRATION DOCUMENT
2012 FINANCIAL STATEMENTS AND RELATED NOTES24.3. Movements in equity not recorded in the Income StatementMovements in the fair value of derivative financial instruments, actuarial gains and losses and foreignexchange differences are recorded in other items of comprehensive income and added to the “otherreserves” caption of equity.Movements in actuarial gains and losses are accounted for as other items of comprehensive income andare added to the “consolidated reserve” caption.The net impact on equity, under other reserves and consolidated reserves, was as follows:Balance of other reserves at 1 January 2011 (4.6)New hedges (2.0)Former hedge variations (0.1)Maturity of hedges (0.3)Movement in assets held for sale 15.6Movement in pension commitments 0.2Total movements of the year 13.3Balance of other reserves at 31 December 2011 8.7New hedges (0.1)Former hedge variations -Maturity of hedges 3.3Movement in assets held for sale (14.7)Movement in pension commitments 1.3Other movements 0.9Total movements of the year (9.4)Balance of other reserves at 31 December 2012 (0.6)The €14.7 million negative movement in assets available for sale relates to the disposal of the SummitEntertainment securities and the revaluation of the Lions Gate securities.25. Financial debtMovement in net debt is analysed as follows:2012 2011Bank loans - -Leases 0.8 -Other 0.9 1.4Total non-current financial debt 1.7 1.4Bank loans - -Leases 0.5 -Other - 1.5Total current financial debt 0.5 1.5The breakdown of financial debt by maturity is provided in Note 22.2.The balance of financial debt primarily includes the following:- Métropole Production’s long-term lease, for €1.3 million;- the share of liabilities of jointly-held companies (€0.6 million) (see Note 19);- advances subject to conditions received by SNC for a total of €0.2 million.M6 GROUP - 2012 REGISTRATION DOCUMENT - 201
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DisclaimerThis report is an English
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M6 GROUP PRESENTATION1. M6 Group pr
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CORPORATE GOVERNANCESHARE CAPITAL33
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SHARE CAPITALStock market performan
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SHARE CAPITAL- At least one third o
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2012 FINANCIAL REPORT2012 FINANCIAL
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OTHER INFORMATION9.4. Person respon
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OTHER INFORMATION14. ADMINISTRATIVE
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