10.10. Sanofi dividends
In 2022, the L'Oréal Group received 5,140,317 Euroapi shares amounting to €74.5 million, which was recognised as financial income. Sanofi has decided to list the company Euroapi on the stock exchange on 6 May 2022, of which it was a 100% shareholder, and to distribute 58% of its Euroapi shares to its shareholders.
These shares were awarded in addition to the dividend granted in kind by Sanofi as part of the annual dividend paid to its shareholders, representing for the L'Oréal Group an amount of €393.7 million in 2022.
Share capital consists of 534,725,475 shares with a par value of €0.20 at 31 December 2023 following the issue of 34,020 shares for the employee shareholding plan and 776,525 free shares and the cancellation of 1,271,632 shares.
Share capital consisted of 535,186,562 shares with a par value of €0.20 at 31 December 2022 following the issue of 448,267 shares for the employee shareholding plan and 868,806 free shares and the cancellation of 23,802,871 shares.
Share capital consisted of 557,672,360 shares with a par value of €0.20 at 31 December 2021, following the exercise of subscription options for 52,397 shares, the issue of 5,327 shares for the employee shareholding plan in the UK and 743,056 free shares and the cancellation of 3,000,000 free shares.
Treasury shares are recorded at acquisition cost and deducted from equity. Capital gains/losses on disposal of these items net of tax are charged directly to equity and do not contribute to profit for the financial year.
The change in the number of shares in 2023 was as follows:
| In shares | Share capital | Treasury shares | Common shares outstanding |
|---|---|---|---|
| At 01.01.2023 | At 01.01.2023Share capital535,186,562 | At 01.01.2023Treasury shares— | At 01.01.2023Common shares outstanding535,186,562 |
| Shares cancelled | Shares cancelled Share capital-1,271,632 |
Shares cancelled Treasury shares1,271,632 |
Shares cancelled Common shares outstanding— |
| Options and free shares exercised | Options and free shares exercised Share capital810,545 |
Options and free shares exercised Treasury shares— |
Options and free shares exercised Common shares outstanding810,545 |
| Treasury shares purchased | Treasury shares purchased Share capital— |
Treasury shares purchased Treasury shares-1,271,632 |
Treasury shares purchased Common shares outstanding-1,271,632 |
| AT 31.12.2023 | AT 31.12.2023Share capital534,725,475 | AT 31.12.2023Treasury shares— | AT 31.12.2023Common shares outstanding534,725,475 |
The change in treasury shares in 2023 was as follows:
| In shares | Buyback programme | Allocated to freeshare plans | Total | € millions |
|---|---|---|---|---|
| At 01.01.2023 | At 01.01.2023Buyback programme— | At 01.01.2023Allocated to freeshare plans— | At 01.01.2023Total— | At 01.01.2023€ millions— |
| Shares cancelled | Shares cancelled Buyback programme-1,271,632 |
Shares cancelled Allocated to freeshare plans— |
Shares cancelled Total-1,271,632 |
Shares cancelled € millions-503.3 |
| Options and free shares exercised | Options and free shares exercised Buyback programme— |
Options and free shares exercised Allocated to freeshare plans— |
Options and free shares exercised Total— |
Options and free shares exercised € millions— |
| Treasury shares purchased | Treasury shares purchased Buyback programme1,271,632 |
Treasury shares purchased Allocated to freeshare plans— |
Treasury shares purchased Total1,271,632 |
Treasury shares purchased € millions503 |
| AT 31.12.2023 | AT 31.12.2023Buyback programme— | AT 31.12.2023Allocated to freeshare plans— | AT 31.12.2023Total— | AT 31.12.2023€ millions— |
