REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES,
FINANCIAL POSITION AND PROFITS AND LOSSES
20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007
Changes in debt issuance costs were as follows in 2007:
• Debt issuance costs .........................................................................
• Prior period amortization ...................................................................
• Amortization charge for the year ............................................................
Amount
(in € thousands)
4,370
(404)
(793)
Net at December 31, 2007 ...................................................................... 3,173
2.6 CAPITAL STOCK AND CHANGES IN CAPITAL
2.6.1 Capital stock
The Company’s capital stock at December 31, 2007 amounted to €12,000,000, divided into 54,151,550 fully
paid-up shares. No changes in capital stock occurred during 2007.
2.6.2 Form of the shares
Iliad’s shares may be held in either registered or bearer form.
The Company does not have any preferred shares.
2.6.3 Changes in Iliad’s capital
There were no changes in Iliad’s capital in 2006 or 2007.
On May 29, 2007, the Shareholders’ Meeting granted:
• a 26-month authorization to increase Iliad’s capital by up to €4 million by issuing shares and/or securities
convertible, redeemable, exchangeable or otherwise exercisable for shares in the Company or a company it
controls. The share issue would be carried out with pre-emptive rights for existing shareholders.
• a 26-month authorization to increase Iliad’s capital by up to €4 million, without pre-emptive rights for
existing shareholders, by issuing shares or share equivalents:
• in consideration for contributions in kind granted to the Company in the form of equity or similar
instruments;
• in consideration for any shares tendered to the Company as part of a public exchange offer.
• a 26-month authorization to carry out a capital increase by capitalizing reserves, earnings or additional
paid-in capital up to an amount of €75 million.
• a 26-month authorization to reduce Iliad’s capital by canceling treasury shares representing up to 10% of
capital stock.
• full powers to the Board of Directors to determine the timing and terms and conditions of the
aforementioned capital increases.
2.6.4 Ownership structure
At December 31, 2007, Iliad’s ownership structure was as follows:
Shareholder Number of shares %
Executive Management ............................................................... 39,116,276 72.23
Public ................................................................................ 15,035,274 27.77
Total ................................................................................. 54,151,550 100.00
Iliad – Registration Document 2007 - 171