2018 Registration document and annual fi nancial report - BNP PARIBAS 245
4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
Note 8 ADDITIONAL INFORMATION
8.a CHANGES IN SHARE CAPITAL AND EARNINGS PER SHARE At 31 December 2018, the share capital of BNP Paribas SA amounted to EUR 2,499,597,122, and was divided into 1,249,798,561 shares. The nominal value of each share is EUR 2. At 31 December 2017, the share capital amounted to EUR 2,497,718,772 and was divided into 1,248,859,386 shares.
Ordinary shares issued by BNP Paribas and held by the Group
Proprietary transactions Trading transactions(1) Total
Number of shares
Carrying amount
(in millions of euros) Number
of shares
Carrying amount
(in millions of euros) Number
of shares
Carrying amount
(in millions of euros)
Shares held at 31 December 2016 785,318 41 114,718 7 900,036 48
Acquisitions 320,794 20 320,794 20
Disposals (297,794) (18) (297,794) (18)
Shares delivered to employees (576) (576)
Other movements (272,895) (17) (272,895) (17)
Shares held at 31 December 2017 807,742 43 (158,177) (10) 649,565 33
Acquisitions 513,568 31 513,568 31
Disposals (594,068) (36) (594,068) (36)
Shares delivered to employees (791) (791)
Other movements 1,649,512 69 1,649,512 69
Shares held at 31 December 2018 726,451 38 1,491,335 59 2,217,786 97
(1) Transactions realised in the framework of an activity of trading and arbitrage transactions on equity indices.
At 31 December 2018, the BNP Paribas Group was a holder of 2,217,786 BNP Paribas shares representing an amount of EUR 97 million, which was recognised as a decrease in equity.
Under the Bank s market-making agreement relating to the BNP Paribas share on the Italian market made with Exane BNP Paribas, and in line with the Code of Ethics recognised by the AMF, the Bank bought back 513,568 shares in 2018 at an average share price of EUR 60.74, and sold the residual portfolio of 594,068 shares, at an average share price of EUR 59.33, which terminated this market-making agreement.
From 1 January 2018 to 31 December 2018, 791 shares were delivered following the defi nitive award of performance shares to their benefi ciaries.
Preferred shares and Undated Super Subordinated Notes eligible as Tier 1 regulatory capital
Preferred shares issued by the Group s foreign subsidiaries BNP Paribas Personal Finance made in 2004 two issues of undated non- voting preferred shares through a structured entity governed by UK law and which is exclusively controlled. Since the fi rst call date, these preferred shares are redeemable at par at the issuer s discretion at each quarterly coupon date.
Issuer Date of issue Currency Amount
(in millions of euros) Rate and term before
1st call date Rate after
1st call date
Cofi noga Funding II LP January and May 2004 EUR 80 TEC 10(1) +1.35% 10 years TEC 10(1) + 1.35%
TOTAL AT 31 DECEMBER 2018 73 (2)
(1) TEC 10 is the daily long-term government bond index, corresponding to the yield-to-maturity of a fi ctitious 10-year Treasury note. (2) Value at the date of acquisition of control over the LaSer group.
These issues and the related dividends are recorded under Minority interests in the balance sheet.
