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Share capital and share ownership
7.2 Treasury shares and DANONE call options held by the Companyand its subsidiaries
DANONE
REGISTRATION DOCUMENT 2015
308
DANONE call options held by the Company as of December 31, 2015
Movements during the period
(number of options
except percentage)
As of December 31,
2014
Purchases
Expired options Options exercised
As of December 31,
2015
Number of options
998,621
−
−
(622,885)
375,736
Percentage of the
Company's share capital
0.2%
−
−
−
0.1%
Open positions in equity derivatives on the Company's shares as of December 31, 2015
Open positions in equity derivatives on the Company's shares as of December 31, 2015
Open long positions
Open short positions
Call options purchased
Forward purchases
Call options sold
Forward sales
Number of shares
375,736
−
−
−
Maximum maturity weighted average
04/27/2017
N/A
N/A
N/A
Exercise price weighted average
(in €)
35.16
N/A
N/A
N/A
Additional information on open positions on DANONE call options held by the Company
as of December 31, 2015
Board of Directorsʼ meeting authorizing the stock-option plans subject to hedging
10/21/2008
4/23/2009 10/20/2009
Number of DANONE call options hedging stock-option plans
4,896
358,746
12,094
Expiry date of DANONE call options hedging stock-option plans
10/20/2016
4/22/2017 10/19/2017
Exercise price of DANONE call options hedging stock-option plans
(in € per share)
43.71
34.85
40.90
Liquidity contract
On January 17, 2014 and for a period of one year with tacit renewal, the Company concluded, with an investment service provider, Rothschild
& Cie Banque, a liquidity contract, in accordance with the Ethical Charter drawn up by the Association Française des Marchés Financiers
(AMAFI) and recognized by the French Financial Markets Authority, with a view to supporting the market for DANONE shares on Euronext
Paris.
This liquidity contract was implemented in connection with the share buyback programs authorized by the Company's Shareholders' Meeting.
Resources related to the liquidity contract
Resources allocated
For the implementation
of the liquidity contract
Position as of December 31,
2015
Amount
(in €)
−
6,220,000
Number of shares
120,000
−