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Home› General Shareholders Meetings› Archives› AGM 15 May 2007› Tenth resolution

Tenth resolution

(Amendment to the authorisation given to the Board of Directors in the twenty-second resolution of the Extraordinary General Meeting of 23 May 2006 to increase the Bank's capital via the issue of shares reserved for members of the BNP Paribas Corporate Savings Plan - in accordance with the French Act of 30 December 2006 relating to the promotion of employee profit-sharing and share ownership)

Having read the report of the Board of Directors and the Auditors' special report, the Extraordinary General Meeting resolves to amend the 26-month authorisation given to the Board of Directors in the twenty-second resolution adopted by the Extraordinary General Meeting of 23 May 2006 to increase the Bank's capital via the issue of shares reserved for members of the BNP Paribas Corporate Savings Plan.

The following paragraph is therefore inserted before the final paragraph of the twenty-second resolution:

"In accordance with Act 1770-2006 of 30 December 2006 relating to the promotion of employee profit-sharing and share ownership, the authorisation provided for under this resolution also applies to sales of shares to members of the BNP Paribas Corporate Savings Plan, subject to compliance with the applicable law."

 

Presentation of the resolution

In the tenth resolution, the Board of Directors is requesting an amendment to the authorisation given in the twenty-second resolution of the Extraordinary General Meeting of 23 May 2006 concerning the issue of shares reserved for members of the BNP Paribas Group Corporate Savings Plan. Further to this amendment - which is also aimed at aligning the said authorisation with the Act of 30 December 2006 relating to the promotion of employee profit-sharing and share ownership - employees may receive incentives within the scope of the Corporate Savings Plan via the sale of shares previously acquired in the market (see the fifth resolution) rather than exclusively through newly-issued shares. All of the other terms and conditions of the twenty-second resolution adopted at the 23 May 2006 Extraordinary General Meeting would remain unchanged.