REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

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