6.1.5.3 Summary table of authorizations and delegations in force granted by the General Meeting and their utilization in 2021 and early 2022 (until February 21, 2022)
Pursuant to Articles L.225-129-1 and L.225-129-2 of the French Commercial Code, the General Meeting may grant delegations to the Board of Directors regards capital increases.
On that basis, the Combined General Meetings of May 7, 2020 and May 11, 2021 granted the Board of Directors the financial authorizations and delegations set out in the table below.
It is further noted that in addition to these authorizations and delegations in the area of share capital increases, the General Meeting authorized the Board of Directors to proceed with share buybacks as well as share capital reductions by canceling shares bought back and that these authorizations were used by the Board of Directors in 2021 and the beginning of 2022 (see section “(c) Utilization of authorizations granted by the General Meeting” in section 3.2.3 of the Universal Registration Document, page 61).
The renewal of all financial authorizations will be put to the General Meeting of May 11, 2022, with the exception of the authorization concerning the free allocation of performance shares to employees and corporate officers (see section 8 “General Meeting” of the Universal Registration Document, pages 360-364 and 369-381).
