shareholding structure
As of December 31, 2007, the group’s capital was composed of 2 614 348 911 shares,
split as follows:
To France Telecom's knowledge, no shareholder other than the French government or ERAP held, directly or indirectly, more than 5% of the capital or voting rights on the date of the document herein. The main shareholders in France Telecom do not have voting rights different from those of the other shareholders.
The Ordinary and Extraordinary Shareholders’ Meeting of April 21, 2006 authorized a share buyback program for up to 10% of France Telecom’s capital, valid until October 21, 2007. On May 21, 2007, it renewed this authorization until November 20, 2008. A description of France Telecom’s share buyback program was published on May 21, 2007. In May 2007, France Telecom also entered into a liquidity contract for its ordinary shares with a fi nancial institution. Funding in the amount of 100 million euros has been allocated for purposes of implementing the contract.
changes in the distribution of capital during the last three fiscal years
To the best of France Telecom's knowledge, the substantial changes in the shareholder base in the last three years are the result of:
operations on the capital described
in section 21.1.7 and in particular the
issuance of 133.4 million shares in September 2005 to finance the acquisition
of nearly 80% of the Spanish mobile phone operator Amena;
the sale by the State in January 2005
of 28.7 million shares in an offering
reserved for current and former employees of France Telecom;
the sale by the French government
in June 2005 of 152.2 million shares representing
6.2% of the capital stock, held directly or indirectly through ERAP, carried out
through private investment with qualified institutional investors;
the additional sale by the French
government in November 2005 of 16.7 million
shares in an offering reserved for current and former employees of France Telecom;
the sale by the French government
in June 2007 of 130 million shares representing
5% of the capital stock, held directly or indirectly through ERAP, carried out
through private investment with institutional investors;
the additional sale by the French
government in January 2008 of 14.4 million
shares in an offering reserved for current and former employees of France Telecom.
for
more detailed information, please refer to the group’s reports
To France Telecom's knowledge, no shareholder other than the French government or ERAP held, directly or indirectly, more than 5% of the capital or voting rights on the date of the document herein. The main shareholders in France Telecom do not have voting rights different from those of the other shareholders.
The Ordinary and Extraordinary Shareholders’ Meeting of April 21, 2006 authorized a share buyback program for up to 10% of France Telecom’s capital, valid until October 21, 2007. On May 21, 2007, it renewed this authorization until November 20, 2008. A description of France Telecom’s share buyback program was published on May 21, 2007. In May 2007, France Telecom also entered into a liquidity contract for its ordinary shares with a fi nancial institution. Funding in the amount of 100 million euros has been allocated for purposes of implementing the contract.
changes in the distribution of capital during the last three fiscal years
To the best of France Telecom's knowledge, the substantial changes in the shareholder base in the last three years are the result of:
operations on the capital described
in section 21.1.7 and in particular the
issuance of 133.4 million shares in September 2005 to finance the acquisition
of nearly 80% of the Spanish mobile phone operator Amena;
the sale by the State in January 2005
of 28.7 million shares in an offering
reserved for current and former employees of France Telecom;
the sale by the French government
in June 2005 of 152.2 million shares representing
6.2% of the capital stock, held directly or indirectly through ERAP, carried out
through private investment with qualified institutional investors;
the additional sale by the French
government in November 2005 of 16.7 million
shares in an offering reserved for current and former employees of France Telecom;
the sale by the French government
in June 2007 of 130 million shares representing
5% of the capital stock, held directly or indirectly through ERAP, carried out
through private investment with institutional investors;
the additional sale by the French
government in January 2008 of 14.4 million
shares in an offering reserved for current and former employees of France Telecom.
for
more detailed information, please refer to the group’s reports
copyright France Telecom 2008