

3
Information about the Company
| Corporate Governance | Reports
Share Capital
■
■
2.2.4.5.
Treasury Shares (Other than Shares Held
Pursuant to the Liquidity Agreement)
Position as of December 31, 2014
As of December 31, 2014, Vivendi directly held 49,568 of its own
shares, which have a par value of €5.50 each, representing 0.004%
of the share capital. These shares were reserved to cover the grant of
performance shares. As of December 31, 2014, the book value of the
portfolio totaled €1.0 million, representing a market value of €1.0 million
as of the same date.
■
■
2.2.4.6.
Aggregate Number of Purchases and Sales/Transfers of Shares from January 1 to February 27, 2015
(other than Shares Purchased under the Liquidity Agreement)
Purchases
Sale/Transfer
Number of shares
None
None
Average price per share (in euros)
na
na
Total value (in euros)
na
na
na: not applicable.
As of February 27, 2015, Vivendi SA held 49,568 of its own shares, representing 0.004% of the share capital of the Company.
■
■
2.2.4.7.
Liquidity Agreement
Since January 3, 2005, Vivendi has entered into a liquidity agreement
for the repurchase of its own shares, which is established in compliance
with the AMAFI Code of Ethics. The term of this agreement is one year,
renewable by tacit agreement.
In 2014, pursuant to this liquidity agreement, Vivendi repurchased an
aggregate of 8,135,058 shares, representing 0.6% of the share capital
of the Company, for €156.6 million, and sold a total 8,135,058 shares for
€157.2 million.
As of December 31, 2014, the following sources of funding were held in
a liquidity account maintained by the Company pursuant to its liquidity
agreement: 0 shares and €53 million. In 2014, the Company recognized
capital gains under this liquidity agreement totaling €0.6 million.
For 2014, the Company’s management fees for the liquidity agreement
totaled €180,000 (excluding VAT).
■
■
2.2.4.8.
Treasury Shares Held by the Group
As of December 31, 2014, Vivendi’s subsidiaries held 465 shares of the
Company.
■
■
2.2.4.9.
Open Positions on Derivative Financial
Instruments as of December 31, 2014
None.
2.2.5.
Convertible Securities, Exchangeable Securities or Warrant Securities
■
■
2.2.5.1.
Bonds Convertible into New Shares and/or
Exchangeable for Existing Shares (OCEANE)
No OCEANEs are outstanding.
■
■
2.2.5.2.
Bonds Mandatorily Redeemable in Shares
(ORA)
No ORAs are outstanding.
■
■
2.2.5.3.
Warrants (BSA)
No BSAs are outstanding.
97
Annual Report 2014