Registration Document - Pernod Ricard

6 Statutory
174
COMBINED (ORDINARY AND EXTRAORDINARY) SHAREHOLDERS’ MEETING
Auditors’ Report on the issue of shares and various securities granting access to the share capital
with maintenance or cancellation of preferential subscription rights
will be deducted from the amount of the issue realised under the
sixteenth resolution.
These limits take account of the additional number of securities to
be created under the implementation of the delegations of authority
stipulated in the sixteenth and seventeenth resolutions, under
the conditions provided for in article L. 225-135-1 of the French
Commercial Code, if you adopt the eighteenth resolution.
It is the Board of Director’s duty to prepare a report in accordance
with articles R. 225-113, R. 225-114 and R. 225-117 of the French
Commercial Code. Our role is to report to you on the fairness of the
financial information extracted from the financial statements, on
the proposal to cancel your preferential subscription rights and on
certain other information concerning these transactions stated in
this report.
We conducted the procedures that we considered necessary in
accordance with the professional standards of the French Institute of
Statutory Auditors (CNCC) relating to this mission. These procedures
involved verifying the content of the report prepared by the Board of
Directors in respect of these transactions and the manner in which
the issue price for the shares to be issued is determined.
PERNOD RICARD
Neuilly-sur-Seine and Courbevoie, 3 September 2009
The Statutory Auditors
Subject to reviewing at a future date the conditions of any issues
that may be decided upon, we have no matters to report regarding
the manner of determining the issue price of the shares to be issued
set out in the Board of Directors’ report under the seventeenth
resolution.
Furthermore, as this report does not specify the method of determining
the issue price of the shares to be issued under the implementation of
the sixteenth, nineteenth and twentieth resolutions, we cannot give
our opinion on the choice of elements for calculating the issue price
of the shares to be issued.
As the amount of the issue price of the shares to be issued has not been
set, we have no opinion to give on the final conditions under which the
issues will be carried out and, as a result, on the proposal made to you
to cancel your preferential subscription rights in the seventeenth and
eighteenth resolutions.
Pursuant to article R. 225-116 of the French Commercial Code, we will
prepare an additional report, if required, at such time as your Board
of Directors makes use of these authorisations in the event of issues
with the cancellation of the preferential subscription right or issue of
securities granting access to the capital.
Deloitte & Associés Mazars
Alain Penanguer Loïc Wallaert
I REFERENCE DOCUMENT 2008/2009 I