2020 Annual Financial Report

Chapitre 8 : Company information and capital structure

At December 31, 2018

Shares held

% of the share capital(1)

Voting rights

% of voting rights(2)

A/
Shareholders holding more than 5% of the share capital

    

Élisabeth Badinter(3)

16,700,967

7.10%

33,401,934

13.13%

Harris Associates LP(4)

14,044,013

5.97%

14,044,013

5.52%

B/ Treasury shares held

4,009,493

1.70%

-

-

C/ Public (registered and bearer shares)

200,495,328

85.23%

207,039,904

81.35%

Total

235,249,801

100.00%

254,485,851

100.00%

(1) Percentages are calculated based on the total number of shares issued by the Company, including treasury shares.

(2) Percentages are calculated based on the total number of shares issued by the Company (percentage of voting rights that can be exercised at the General Shareholders’ Meeting), excluding treasury shares with no voting rights, and counting the double voting rights attached to some shares.

(3) Élisabeth Badinter fully owns 2.48% of shares (4.59% of voting rights) and is the beneficial owner of 4.62% of shares with her children having bare ownership of the underlying shares (8.54% of voting rights).

(4) Acting as an investment adviser for managed funds and clients.

The Company and the AMF were notified, in accordance with article  L.  233-7 of the French Commercial Code, that legal thresholds had been crossed in the following cases by:

  • The Company and the AMF were notified, in accordance with article L. 233-7 of the French Commercial Code, that legal thresholds had been crossed in the following cases by:
  • April 7, 2020, that it had crossed over the threshold of 5% of the Company’s share capital on April 6,
  • April 30, 2020, that it had crossed over the threshold of 5% of the Company’s voting rights on April 28,
  • May 11, 2020, that it had crossed under the threshold of 5% of the Company’s voting rights on May 8,
  • May 14, 2020, that it had crossed over the threshold of 5% of the Company’s voting rights on May 13,
  • May 18, 2020, that it had crossed under the threshold of 5% of the Company’s voting rights on May 15,
  • June 3, 2020, that it had crossed over the threshold of 5% of the Company’s voting rights on June 2,
  • June 4, 2020, that it had crossed under the threshold of 5% of the Company’s voting rights on June 3,
  • July 14, 2020, that it had crossed over the threshold of 5% of the Company’s voting rights on July 13,
  • July 15, 2020, that it had crossed under the threshold of 5% of the Company’s voting rights on July 14,
  • July 16, 2020, that it had crossed over the threshold of 5% of the Company’s voting rights on July 15,
  • July 17, 2020, that it had crossed under the threshold of 5% of the Company’s voting rights on July 16,
  • July 21, 2020, that it had crossed over the threshold of 5% of the Company’s voting rights on July 20,
  • July 22, 2020, that it had crossed under the threshold of 5% of the Company’s voting rights on July 21,
  • September 9, 2020, that it had crossed under the threshold of 5% of the Company’s share capital on September 8,
  • September 10, 2020, that it had crossed over the threshold of 5% of the Company’s share capital on September 9,
  • October 14, 2020, that it had crossed under the threshold of 5% of the Company’s share capital on October 13,
  • January 21, 2021, that it had crossed over the threshold of 5% of the Company’s share capital on January 20,
  • January 25, 2021, that it had crossed under the threshold of 5% of the Company’s share capital on January 22;
  • on March 15, 2021, that it had crossed over the threshold of 5% of the Company’s share capital on March 12,
  • on March 17, 2021, that it had crossed under the threshold of 5% of the Company’s share capital on March 16,
  •  the company JP Morgan Chase & Co., which declared by letter received on:
  • September 10, 2020, that it had crossed over the threshold of 5% of the Company’s share capital and voting rights on September 4 and that JP Morgan Securities plc had individually crossed over the same thresholds,
  • September 11, 2020, that it had crossed under the threshold of 5% of the Company’s share capital and voting rights on September 7 and that JP Morgan Securities plc had individually crossed under the same thresholds;
  • the company Harris Associates LP acting on behalf of clients and funds under management, which declared by letter received on:
  • December 24, 2020, that it had crossed under the threshold of 5% of the Company’s voting rights on December 21,
  • January 28, 2021, that it had crossed under the threshold of 5% of the Company’s share capital on January 26.

The most recent exhaustive survey available at December 31, 2020, which looked at information on identifiable bearer shares and registered shares managed by CACEIS Corporate Trust, indicated that 3.5% of the share capital was held by individual shareholders.

8.2.2    Control of the Company

At December 31, 2020, to the best of its knowledge, the Company was not controlled and was not subject to any agreement nor commitment linking one or several shareholders, company, foreign government or other natural or legal person operating individually or conjointly with regard to the direct or indirect holding of its share capital or under its control, and there existed no agreement of which the fulfillment could cause a change in the Company’s control at a later date.