Share information All you need to know about our shares

Nature of the shares

Ref.: Article 6 of the Articles of Association: nature of the shares

Shares which are not fully paid-up are registered shares.

Fully paid-up shares and other securities of the company are registered, in bearer form or dematerialised, within the limits provided for by law.

Holders may request the conversion of their securities into registered or dematerialised securities at any time and at their own expense.

Dematerialised securities are entered in the name of their owner or holder, in an account held with an approved bookkeeper or a clearing house. A register for each registered share category is held at the company's registered office.

Any holder of registered shares may see the register entry relating to their own shares.

A register is held at the company's registered office to record any subscription rights, participating shares and registered bonds. Certificates confirming such register entries are issued to holders of these securities.

The Board of Directors may decide to split a register of registered securities into two parts, one of which will be kept at the company's head office and the other part will be kept elsewhere, either in Belgium or abroad, under the terms and conditions contained in Article 464 of the Belgian Companies Code.

The registers may also be kept in electronic form.

I.R.I.S. has issued 1.846.072 shares (latest modification date: 28/11/2008)

VVPR strips

The company can issue shares with reduced taxation (subject to a 15% rate instead of the standard 25% tax rate) ("VVPR strips").
I.R.I.S. has issued 1.221.722 reduced taxation strips ("VVPR")
(latest modification date: 28/11/2008)

Authorized capital

The Board of Directors is entitled, from 5 July 2006 to 5 July 2011, to increase the company's share capital by EUR 26 million. This authorization covers capital increases in cash or in kind, by incorporation of reserves, the issue of convertible bonds, equity redeemable bonds, subscription rights or other securities that ultimately entitle the holder to receive company shares. At 30 June 2008, the authorized capital available to the Board amounted to EUR 15,093,130.

Employee participation in the capital

- Stock option plan "Horizon 2005":

At 28/11/2008, 19,250 warrants issued on 5 March 2002, in favour of the management as well as staff members and some regular sub-contractors of the company and its subsidiaries remained. Each warrant entitles its holder to subscribe one new share at an exercise price of EUR 24.59. Warrant holders may exercise their warrants three times per year, progressively, until December 2009.

On 17 November 2006, the Board of Directors granted 21,500 warrants of I.R.I.S. Group to staff members of the group as part of the "Stock Option Plan Horizon 2011". Issuing warrants and new shares (as the warrants are exercised) has the effect of rescinding the "first rights" of current shareholders, as adopted in the Annual General Meeting of 6 June 2006. The price is EUR 21.18 per share. Staff members progressively become entitled to exercise warrants over a 3-year period that starts in the 37th month after the offer (of 23 January 2007) up to 2012.

Security stock-exchange listing

Company name: I.R.I.S GROUP
ISIN: BE0003756708
Ticker: IRIS
Market: EURONEXT BRUSSELS - Euronext - Local securities

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