Plastic Omnium - 2020 Universal Registration Document

2020 STATUTORY FINANCIAL STATEMENTS Notes to the statutory financial statements PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 279 In value In thousands of euros Amount on 01/01/2020 Purchases Sales Share transfers Gross value at 12/31/2020 Treasury shares held for cancellation 1,164 12,062 - - 13,226 Treasury shares allocated to stock option plans 42,622 - (2,326) (3,590) 36,706 Treasury shares in the process of being transferred to the Free Performance Share Plan of 12/11/2020 (1) - - - 3,590 3,590 Treasury shares allocated to the 05/02/209 Free Performance Share Award plan 7,465 - - - 7,465 Treasury shares allocated to liquidity contracts 2,821 28,084 (30,553) - 352 TOTAL 54,072 40,146 (32,879) 0 61,339 See Note “Significant events of the year.” (1) H - PROVISIONS FOR CONTINGENCIES AND CHARGES In thousands of euros 2019 + Utilized (-) Surplus (-) 2020 Provisions for foreign exchange losses 303 514 - (303) 514 Provisions for contingencies and charges 17,923 5,177 (9,712) (3,712) 9,676 Provisions for taxes (see Note P) 59,151 1,009 - - 60,160 TOTAL 77,377 6,700 (9,712) (4,015) 70,350 Compagnie Plastic Omnium SE recognized a provision for expenses of €3.6 million in respect of the 228,373 free performance shares granted to employees and corporate officers of Compagnie Plastic Omnium and its subsidiaries under the December 11, 2020 plan. In addition, it reversed the €2.8 million provision for expenses recognized in respect of the achievement of the performance conditions for the 400,000 free performance shares granted to the employees and corporate officers of Compagnie Plastic Omnium and its subsidiaries under the May 2, 2019 plan. The provision for risks and charges relating to treasury shares allocated to the Performance Share plans thus amounted to €8.3 million at December 31, 2020. The €9.7 million provision for financial risks previously recognized for the negative net position of one of the subsidiaries was reversed in full at December 31, 2020, following the corresponding capital increase. This reversal of the provision was entirely used to write down the equity investments concerned. Compagnie Plastic Omnium SE increased the provision for taxes to €60.2 million at December 31, 2020, to take into account the use by the tax group of tax losses that may be used subsequently by its subsidiaries. In fact, Compagnie Plastic Omnium SE is obliged to return the tax savings to the subsidiaries when they become profitable again.