6 - Vicat

21ADDITIONAL INFORMATION21.1. Share capital21.1. SHARE CAPITAL21.1.1. Issued share capital and number of sharesfor each classThe amount of the share capital as at December 31,2010 is € 179,600,000 divided into 44,900,000shares of € 4 each. The Company’s shares are fullysubscribed, paid up and all of the same class.21.1.2. Authorised but unissued share capitalNot applicable.21.1.3. Shares held by the Company or for its accountAt the end of the financial year 2010, after distributing81,476 shares to employees, the Company held1,006,864 of its own shares, or 2.24 % of the authorizedshare capital.Description of the 2010 share purchase programmeIn accordance with the authorization given by theCombined General Meeting of April 28, 2010, theCompany purchased (excluding liquidity agreements),based on the current authorized capital,13,629.2 (i.e. 10,983 shares + 26,462 tenth parts ofshares) of its own shares on the stock exchange in2010 of nominal value € 4 at a mean price of € 55.34per share.Distribution of transferable securities by purposeAcquisitions in view of the allocation of shares topersonnel within the framework of participationand profit-sharing: 13,629.2 shares representing anacquisition price of € 754,180.98.Acquisitions in order to promote the market forthe securities and their liquidity through a liquidityagreement in conformity with the ethical charterof the Association française des marchés financiers(AMAFI), as recognized by the AMF: after an injectionof 10,000 shares on January 4, 2010, acquisitionof 401,823 shares and sale of 410,554 shares duringthe year, representing 11,269 shares as at December31, 2010.Volume of shares used by objectivesShares allocated to personnel within the frameworkof the participation and profit-sharing : 182,428shares.Promotion of a market of the securities and their liquiditythrough a liquidity agreement conforming tothe ethical charter of the AMAFI as recognized bythe AMF : 11,269 shares.No shares purchased have been allocated to otherpurposes and the Company did not use derivativesto achieve its share purchase program.Description of the planned share purchase programmefor 2011The fifth resolution, whose principles are displayedbelow, to be submitted to a vote by the OrdinaryGeneral Meeting on May 6, 2011 is intended to allowthe Company to purchase or otherwise engage inoperations in relation to its own shares.The Company may acquire, sell, transfer or swap, byany means, all or part of the shares thus acquired incompliance with current legislative and regulatoryprovisions and in compliance with changes to thesubstantive law and by respecting the limits below :• The unit purchase price must not exceed € 100 pershare (excluding acquisition expenses);• The total shares held shall not exceed 10 % of theCompany’s share capital, this threshold of 10 %having to be calculated on the actual date whenthe purchases will be made. This limit is reduced to5 % of the share capital in the situation mentionedin paragraph (c) below. On January 1, 2011, thislimit corresponds, given shares already owned bythe Company, to a maximum number of 3,483,136shares, each with a nominal value of € 4, equal toa maximum amount of € 348,313,600.The shares may be purchased at a single time or ininstallments, and by all means including by mutualagreement, in order (without order of priority) :a. To allot shares to employees and in particular withinthe framework of participation and profit-sharing.b. To promote the market for the securities and theirliquidity through a liquidity agreement complyingwith the ethical charter of the AMAFI as recognizedby the AMF.c. To deliver the shares as payment or exchange withinthe framework of external growth operations incompliance with market practice as permitted bythe AMF. It is specified that the maximum numberof shares acquired by the Company for their retentionand later delivery in payment or exchangewithin the framework of a merger, scission or contributionoperation may not exceed 5 % of its authorizedshare capital.d. To cancel shares, subject in this last case to a voteby an Extraordinary General Meeting on a specificresolution.188 VICAT 2010 registration document