Carrefour - 2017 Registration Document

INFORMATION ABOUT THE COMPANY Information on the capital 2017 REGISTRATION DOCUMENT | CARREFOUR 7. 326 Event Change in the number of shares Capital (in euros) Position at December 31, 2013 723,984,192 1,809,960,480.00 Capital increase resulting from the option to pay the dividend in shares 10,929,717 Position at December 31, 2014 734,913,909 1,837,284,772.50 Capital increase resulting from the option to pay the dividend in shares 3,556,885 Position at December 31, 2015 738,470,794 1,846,176,985.00 Capital increase resulting from the option to pay the dividend in shares 17,764,360 Position at December 31, 2016 756,235,154 1,890,587,885.00 Capital increase resulting from the option to pay the dividend in shares 18,442,657 Position at December 31, 2017 774,677,811 1,936,694,527.50 Treasury share buybacks 7.2.3 Treasury shares At December 31, 2017, the Company held 11,719,539 treasury shares (i.e., 1.51% of the share capital). The market value of treasury shares held at December 31, 2017, based on the final quoted price known for the year of 18.06 euros per share, was 212 million euros. At December 31, 2017, none of the Company's affiliates held Carrefour shares. Share buybacks The Shareholders’ Meeting held on June 15, 2017, deliberating pursuant to Article L. 225-209 of the French commercial code, authorised the Board of Directors to purchase Company shares, enabling it to use the option of dealing in treasury shares, in particular to: engage in market making activities with respect to Carrefour ● shares through an investment services provider, in the context of a liquidity agreement conforming to the professional rules approved by the French financial markets authority (Autorité des marchés financiers); fulfill any stock option plan in respect of the Company, free ● share allocation or other forms of allocation of shares, to employees or corporate officers of the Company or a Group company; allot or exchange shares, upon the exercise of rights attached to ● securities giving access to share capital; cancel shares; ● engage in any market making activities that may be recognised ● by law or the French financial markets authority. For each of the goals pursued, the number of shares purchased was as follows: Liquidity agreement 1. On July 14, 2016, Carrefour entered into a liquidity agreement with Rothschild & Cie Banque, which complies with the professional rules of the French financial markets association (Association française des marchés financiers – AMAFI) approved by the AMF on March 21, 2011. At December 31, 2017, the following resources were allocated to the liquidity account: 2,250,000 shares; ● 51,784,706.00 euros. ● In 2017, the Company purchased 14,995,051 shares at an average price of 21.84 euros per share, and sold 12,745,051 shares at an average price of 22.45 euros per share. At December 31, 2017, the Company held 2,250,000 shares under the agreement. Stock option plans 2. The 2010 plans expired in July 2017. The 1,823,200 options that had not been exercised as of that date were cancelled. Performance share plan 3. Following the death of two employees, 3,500 shares were delivered in 2017 under the performance share plan of July 27, 2016, in accordance with the plan rules. Cancellation 4 . The Company did not cancel any shares in 2017. Sale of treasury shares 5 . No shares were sold in 2017 (other than under the liquidity agreement).