REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

More documents

Recommendations

Info

20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES 20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007 14 – With One.Tel On December 12, 2002, the Supervisory Board approved the signature of a cash facility agreement with One.Tel. The credit balance of the current account with One.Tel amounted to €20,578,398 at December 31, 2007 and the interest billed to the Company during the year totaled €992,984. 15 – With Online On December 12, 2002, the Supervisory Board approved the signature of a cash facility agreement with Online. The credit balance of the current account with Online amounted to €202,513 at December 31, 2007 and the interest billed to the Company during the year totaled €28,228. 16 – With IH On December 12, 2002, the Supervisory Board approved the signature of a cash facility agreement with IH. The debit balance of the current account with IH amounted to €653,649 at December 31, 2007 and the interest billed by the Company during the year totaled €41,222. 17 – With Total Call On February 9, 2005, the Board of Directors approved the signature of a cash facility agreement with Total Call. The debit balance of the current account with Total Call amounted to €1,870,708 at December 31, 2007 and the interest billed by the Company during the year totaled €71,771. 18 – With Xavier Niel On February 9, 2005 the Board of Directors approved the signature of a cash facility agreement with Xavier Niel. Xavier Niel’s current account had a credit balance of €3,565 at December 31, 2007 and no interest was paid in relation to this account during the year. 19 – With Sndm The agreement to provide Sndm with premises free of charge for domiciliation purposes, as approved by the Board of Directors on October 26, 2005, remained in force during the year. Paris, Neuilly-sur-Seine, April 7, 2008 The Statutory Auditors Tita A. Zeïtoun Xavier Cauchois Boissière Expertise Audit PricewaterhouseCoopers Audit 188 - Iliad – Registration Document 2007
21.1 SHARE CAPITAL 21.1.1 Amount of share capital 21. ADDITIONAL INFORMATION 21. ADDITIONAL INFORMATION 21.1 SHARE CAPITAL At the date this registration document was filed, the Company’s share capital amounted to €12,013,188.97, divided into 54,211,067 shares, all issued, fully paid up and of the same class. The par value of the shares is not set in the Company’s bylaws. 21.1.2 Shares not representing capital At the date this registration document was filed, the Company has not issued any shares not representing capital. 21.1.3 Share buyback programs The eighth resolution of the May 29, 2007 Shareholders’ Meeting authorized the Board of Directors, with authority to delegate under the terms provided by law, to acquire shares representing up to 4% of the Company’s capital. This authorization was granted for a period of eighteen months and remains in effect until November 27, 2008. The maximum purchase price under this program is €200 per share. The objectives of the share buyback program, in decreasing order of priority, were as follows: • Market making for the Company’s shares under a liquidity contract that complies with the code of ethics of the French Association of Investment Firms (AFEI) which is recognized by the French securities regulator (AMF) as an approved market practice. • To allocate shares to employees and corporate officers of the Company and Group subsidiaries, in accordance with the applicable legislation, including by awarding bonus shares, as permitted by Articles L.225-197-1 et seq. of the French Commercial Code, or by granting stock options in accordance with Articles L.225-179 et seq. of the French Commercial Code, or in relation to profit-sharing schemes. • To allocate shares on the exercise of stock options granted to the Company’s employees and corporate officers in accordance with the law. • To purchase shares to be held and subsequently used in connection with external growth transactions (as consideration, in exchange for shares in another company, or any other use). • To cancel all or some of the shares purchased, provided that the May 29, 2007 Extraordinary Shareholders’ Meeting adopts the fourteenth resolution set out below. • To attribute shares on redemption, conversion, exercise or exchange of share equivalents. The Company carried out the following transactions in connection with the share buyback program: Purchases Sales Number of shares .................................................................... 1,118,359 1,104,850 Average transaction price (in € ) ...................................................... 74.3848 74.4533 Total (in € ) .......................................................................... 83,188,864 82,259,780 Iliad – Registration Document 2007 - 189
Page 1 and 2:
Société anonyme. Share capital:
Page 3 and 4:
TABLE OF CONTENTS GENERAL COMMENTS
Page 5 and 6:
16.2 SERVICE CONTRACTS ENTERED INTO
Page 7 and 8:
1. PERSONS RESPONSIBLE 1.1 PERSON R
Page 9 and 10:
3. SELECTED FINANCIAL INFORMATION 3
Page 11 and 12:
4. RISK FACTORS 4.1 RISKS RELATING
Page 13 and 14:
4. RISK FACTORS 4.3 FINANCIAL RISKS
Page 15 and 16:
4.4 LEGAL RISKS 4.4.1 Risks relatin
Page 17 and 18:
4. RISK FACTORS 4.4 LEGAL RISKS The
Page 19 and 20:
5. INFORMATION ABOUT THE COMPANY AN
Page 21 and 22:
2007 • Sale of Kertel (February 2
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Considering acquisition opportuniti
Page 29 and 30:
The Group’s network has been deve
Page 31 and 32:
Réseau International CTI (Centre d
Page 33 and 34:
6. OVERVIEW OF THE GROUP’S BUSINE
Page 35 and 36:
Page 37 and 38:
The following tables give details o
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
6.2 PRINCIPAL MARKETS 6.2.1 Interne
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Local loop unbundling 6. OVERVIEW O
Page 59 and 60:
Page 61 and 62:
6.6.2 Regulation of the content of
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
7.2 ORGANIZATION CHART At March 31,
Page 69 and 70:
9.1 KEY CONSOLIDATED FINANCIAL DATA
Page 71 and 72:
9. OPERATING AND FINANCIAL REVIEW 9
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
9.1.2 ADDITIONAL INFORMATION 9.1.2.
Page 83 and 84:
11. RESEARCH AND DEVELOPMENT, PATEN
Page 85 and 86:
13. PROFIT FORECASTS OR ESTIMATES T
Page 87 and 88:
14. ADMINISTRATIVE, MANAGEMENT AND
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
15. COMPENSATION AND BENEFITS 15.2
Page 95 and 96:
16. FUNCTIONING OF THE COMPANY’S
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
17.1 HUMAN RESOURCES 17. EMPLOYEES
Page 109 and 110:
18.1 IDENTIFICATION OF SHAREHOLDERS
Page 111 and 112:
19. RELATED PARTY TRANSACTIONS 19.
Page 113 and 114:
20. FINANCIAL INFORMATION CONCERNIN
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144: 20. FINANCIAL INFORMATION CONCERNIN
Page 175 and 176: 2.3.4 List of subsidiaries and affi
Page 193: 20. FINANCIAL INFORMATION CONCERNIN
Page 197 and 198: 21. ADDITIONAL INFORMATION 21.1 SHA
Page 201 and 202: 21.1.8 Authorized unissued share ca
Page 207 and 208: 21.4.2 Changes in the Iliad share p
Page 209 and 210: Not applicable. 23. THIRD PARTY INF
Page 211 and 212: 25. INFORMATION ON SHAREHOLDINGS 25
Page 213 and 214: GLOSSARY Broadband ARPU (Average Re
Page 215 and 216: GLOSSARY IP (Internet Protocol): te
Page 217 and 218: GLOSSARY Spamming: the bulk mailing
Page 220: RR Donnelley : 01 53 45 19 00
show all

REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?