REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

21. ADDITIONAL INFORMATION
21.1 SHARE CAPITAL
Following the above transactions, the Company held the following Iliad shares at December 31, 2007:
Percentage of capital directly or indirectly held by the Company ..................................... 0.06%
Number of shares cancelled in the past 24 months ................................................... 0
Number of shares held in the portfolio ............................................................... 32,541
Carrying amount of the portfolio (in €) .............................................................. 2,395,017
Market value of the portfolio (in €) 42 ................................................................ 2,395,017
At the Annual Shareholders’ Meeting to be held on May 29, 2008, the Board of Directors will recommend to the
Company’s shareholders that they renew the authorization to implement a share buyback program in accordance
with the General Regulations of the AMF, which particularly reflect European Commission Regulation
No. 2273/2003 of December 22, 2003 implementing European Directive 2003/6/EC of January 28, 2003.
21.1.4 Potential share capital
21.1.4.1 Stock options
In accordance with Articles L.225-177 et seq. of the French Commercial Code, the Extraordinary Shareholders’
Meeting held on May 29, 2006 authorized the Board of Directors to grant on one or more occasions senior
managers or other employees of the Company, or related companies within the meaning of Article L.225-180 of
the French Commercial Code, options to purchase new or existing shares in the Company.
The total number of stock options granted, taking into account options granted under previous authorizations,
may not be exercisable for shares representing over 4% of the Company’s capital at the grant date. This
authorization was given for a period of thirty-eight months from the date of the Shareholders’ Meeting, i.e. until
July 29, 2009.
The exercise price of the options granted under this authorization may not represent less than 80% of the average
of the prices quoted for the Company’s shares over the 20 trading sessions preceding the grant date. No stock
option may be granted less than 20 trading sessions following the ex-dividend date or the issue of a preferential
right to subscribe for new shares issued by the Company. In addition, the exercise price for options to purchase
existing shares may not represent less than 80% of the average price paid for shares held by the Company
pursuant to Article L.225-208 of the French Commercial Code or any share buyback program in effect.
During the year ended December 31, 2007, in connection with the above authorization granted by the May 29,
2006 Shareholders’ Meeting, the Company’s Board of Directors met on June 14 and August 30, 2007 in order to
implement the stock option plans under the terms and conditions set out below.
• The Board of Directors met on June 14, 2007 and decided, first, to set up a new stock option plan, and
second, to grant 162,455 stock options to 1 corporate officer of the Group, with each option entitling its
holder to purchase one new share at a unit price of €74.62.
• The Board of Directors met on August 30, 2007 and decided, first, to set up a new stock option plan, and
second, to grant 162,455 stock options to 1 employee of the Group, with each option entitling its holder to
purchase one new share at a unit price of €68.17.
• At its August 30, 2007 meeting, the Board of Directors further decided, first, to set up a new stock option
plan, and second, to grant 541,505 stock options to 95 employees and corporate officers of the Group, with
each option entitling its holder to purchase one new share at a unit price of €68.17.
The Board of Directors used the authorization granted by the December 12, 2003 meeting at its January 20 and
January 29, 2004 meetings to set up a new stock option plan and grant 485,769 stock options to 22 employees of
the Group, with each option entitling its holder to purchase one new share at a unit price of €16.30.
The Board of Directors used the same authorization at its December 20, 2005 meeting to set up a new stock
option plan and grant 541,515 stock options to 84 employees and corporate officers of the Group, with each
option entitling its holder to purchase one new share at a unit price of €48.44.
42 Based on the closing Iliad share price on December 31, 2007, i.e., €73.60.
190 - Iliad – Registration Document 2007