(Overall limitation of issue authorisations with or without waiving of pre-emptive subscription rights)
The Annual General Meeting, after having read the Board of directors report, resolves to fix at EUR 1.2 billion the maximum nominal amount of the immediate and/or future capital increases, that could be carried out by virtue of the authorizations granted by the sixteenth to the eighteenth resolutions above, an amount which may include, if applicable, the nominal amount of any additional ordinary shares to be issued to protect the interests of holders of securities that give access to the share capital, in accordance with applicable laws and regulations.
The sixteenth to twenty-third resolutions are intended to provide your Company with the most appropriate means to manage its financial structure while complying with the limits set to control any dilution of shareholdings in the event of the implementation of the resolutions.
The draft resolutions concerning capital increases stipulate that, during any period of public offering on BNP Paribas shares, the Board
These resolutions concern capital increases with pre-emptive rights for existing shareholders and capital increases without pre-emptive rights for existing shareholders, with two limits:
• the total aggregate amount of share capital increases without pre-emptive rights for existing shareholders may not exceed EUR 240 million, i.e. up to 10% of the existing share capital to date (nineteenth resolution);
• the total aggregate amount of share capital increases with or without pre-emptive rights for existing shareholders may not exceed EUR 1.2 billion, i.e. up to 50% of the existing share capital to date (twenty-first resolution).
Presentation of the resolution
Finally, shareholders are asked to approve that, in the twenty-first resolution, the maximum aggregate nominal amount of the capital increases that may result immediately and/or in the future from the use of the authorisations, with or without the pre-emptive rights for existing shareholders, granted by the sixteenth to eighteenth resolutions, may not exceed EUR 1.2 billion (48.14% of capital at 31 December 2015) under any circumstances.