REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

21. ADDITIONAL INFORMATION
21.1 SHARE CAPITAL
Fifth stock option plan
Date of Board meeting ................................................................... August 30, 2007
Total number of options granted by the Board of Directors ............................... 541,505
o/w to members of the Board of Directors ................................................ 0
Total number of beneficiaries ............................................................ 95
Exercise price per share (in € ) ........................................................... 68.17
Exercise date of the options .............................................................. August 30, 2012
Expiration date of the options ............................................................ August 29, 2017
Number of options exercised ............................................................ 0
Number of options forfeited ............................................................. 2,629
Total number of exercisable options ..................................................... 541,505
New number of beneficiaries ............................................................ 94
Total number of new shares to be issued ................................................. 538,876
Maximum dilutive impact of outstanding options ........................................ 1%
During first-quarter 2008, 159,800 stock subscription options were exercised.
At March 31, 2008:
• 18 Group employees held 409,434 options entitling them to purchase 249,634 new Iliad shares at a unit price
of €16.30.
• 69 Group employees held 436,453 options entitling them to purchase 441,037 new Iliad shares at a unit price
of €48.44.
• 1 Group corporate officer held 162,455 options entitling him to purchase 162,455 new Iliad shares at a unit
price of €74.62.
• 1 Group employee held 162,455 options entitling him to purchase 162,455 new Iliad shares at a unit price of
€68.17.
• 94 Group employees held 538,876 options entitling them to purchase 538,876 new Iliad shares at a unit price
of €68.17.
21.1.4.2 OCEANE bonds convertible into new shares and/or exchangeable for existing shares of the
Company
On June 29, 2006, the Company issued 3,265,190 OCEANE convertible/exchangeable bonds governed by
Articles L.228-91 et seq. of the French Commercial Code. Following the exercise of the related greenshoe
option, the number of bonds issued was increased to 3,754,968, representing a total nominal value of
€330,624,932.40, or €88.05 per bond. A prospectus relating to the issue was approved by the AMF on June 21,
2006 under number 06-219 and a legal notice was published in the Bulletin des Annonces Légales Obligatoires
on June 26, 2006.
The OCEANE bonds bear interest at an annual rate of 2.20% and will be redeemed at par on January 1, 2012,
unless they are redeemed in advance at the option of the Company under certain conditions, or at the option of
the bondholders in the event of a change of control of the Company within the meaning of Article L.233-3 of the
French Commercial Code. Early redemption of the bonds may also be required in certain other circumstances,
notably if (i) the Company does not comply with its obligations relating to the bonds, (ii) the Company or one of
its major subsidiaries defaults on the payment of a loan or a loan guarantee representing a total amount of at least
€5 million, (iii) the Company or one of its major subsidiaries is required to repay another form of borrowing in
advance of term, or (iv) the Company reduces its interest in Free SAS to below 95%.
Each bond is convertible into/exchangeable for one Iliad share at any time up to the seventh working day
preceding the redemption or early redemption date, subject to any subsequent adjustments. Where OCEANE
bondholders exercise their rights to receive Iliad shares, the Company may elect to allocate newly issued or
existing shares, or a combination of new and existing shares.
192 - Iliad – Registration Document 2007