Glossary

Current Operating Income :

The difference between the revenues and the costs associated with manufacture, distribution and sale of products, as well as the amortisation of the company’s investments. It is an indicator of the company’s capacity to achieve the margin required for its operation and development.

Deferred Settlement Service: fee-based service which allows investors to defer payment orders or delivery of securities until the last trading day of the month. It applies only to the most liquid shares.
To be eligible for Deferred Settlement Service, the shares must meet the following criteria:

  1. their capitalisation must exceed €1 billion,
  2. the daily volume of transactions must exceed €1 million.
Corporate Governance :

The organisation of power within a company to ensure a fair balance between the management bodies, the regulatory authorities and the shareholders. Such governance results from a more marked participation from shareholders in the company decision-making process and the demand for transparency in management. The aim of corporate governance is to gain the confidence of the markets, the analysts and the investors. The governance has become a criterion for determining company value. In France, the principals of corporate governance for listed companies came out of the Viénot Reports of July 1995 and 22 July 1999 as well as the Bouton report of September 2002.

Contribution-Distribution :

The listing of the company’s shares for trading on the Euronext Paris and Euronext Brussels exchanges was part of the creation by SUEZ on July 2008 of a division that combines all of the group’s water and waste operations for which the Company will be the holding company (the “Contribution”), followed by the distribution by SUEZ to its shareholders (other than SUEZ), proportionally to their interests in the share capital of SUEZ, of 65% of the shares representing the capital of the company following the Contribution, immediately before the SUEZ-Gaz de France merger is completed (the “Distribution”, together with the Spin-off, the “Contribution/Distribution”).

For each SUEZ share held by a party entitled to distribution, one allotment right to Company shares had been granted, on the understanding that four Company allotment rights gave the right to one Company share.

Capital increase :

Increase in a company’s registered capital, by either a new share issue or by increasing the nominal value of the existing shares.