Registration Document 2016
COMBINED ORDINARY AND EXTRAORDINARY SHAREHOLDERS’ MEETING OF MAY 10, 2017
7.2 Presentation of the resolutions
Pursuant to Article 243 bis of the French Tax Code, the shareholders Note that the net dividends paid for the last three fiscal years
were as follows:
Dividends eligible for tax reduction
Dividends not eligible
for tax allowance
or €0.80 per share
or €1 per share
or €1.30 per share
(1) Including the amount of dividend not paid for treasury stock and allocated to retained earnings and the amount of dividend paid in shares.
Presentation of the resolutions
First and Second resolutions –
Approval of the parent company
and consolidated financial statements
for the year ended December 31, 2016
and approval of non-tax-deductible expenses
The Board of Directors requests that you approve the parent
company financial statements for the year ended December 31,
2016, which show a profit of €202,929,232.61, as well as
the consolidated financial statements for the year ended
December 31, 2016, which show a profit of €244,276,263.
We also request that you approve the total expenses and
charges as defined in point 4 of Article 39 of the French General
, €73,964, as well as the related tax liability,
Allocation of net profit for the year
and dividend (third resolution)
The proposed allocation of our Company’s net profit for the year
is in compliance with the law and our Articles of Association.
We propose that the net profit for the year ended December 31,
2016 be allocated as follows:
2016 net results
Net profit for the year
Accordingly, the gross dividend per share would be €1.50.
Dividends paid to natural persons residing in France are eligible
for the 40% tax reduction mentioned in Paragraph 2 Section 3
of Article 158 of the French General Tax Code.
The ex-dividend date is May 17, 2017.The dividend would be
paid out on June 12, 2017.
Please Note that the total amount of the dividend paid and
therefore the amount allocated to retained earnings shall be
adjusted for any difference between the number of shares
entitled to dividends and the 61,493,241 shares that made up
the share capital at December 31, 2016.
(1) The total dividend amount of €92,239.861.50 is based on the number of shares with dividend rights (equal to 61,493,241), including shares
owned by the Company. The dividend payable on the shares owned by the Company on the ex-dividend date shall be allocated to “Retained
earnings” at the time of payment. The total dividend amount and consequently the amount of retained earnings shall be adjusted according
to the number of shares held by the Company on the ex-dividend date and, if applicable, the new shares entitled to dividends vested until
that date, resulting from new free share awards or OCEANE bond conversion.