Compagnie des Alpes - 2017 Registration Document

7 ADDITIONAL INFORMATION

Information on Compagnie des Alpes

7.1 Information on Compagnie des Alpes

7.1.1

GENERAL INFORMATION

After the appropriation of the legal reserve, the Shareholders’ Meeting, on the proposition of the Board of Directors, may appropriate amounts they choose, either to retained earnings or to one or more reserve accounts (optional, ordinary or extraordinary). Income available for distribution is comprised of the net income for the year minus the losses carried forward and the amounts appropriated to reserves in application of the law or the by-laws, plus retained earnings. After approval of the financial statements and recognition of the amount available for distribution, the Shareholders’ Meeting may determine the part to be distributed in the form of dividends. The Shareholders’ Meeting may further decide to distribute amounts to be sourced from available reserves, either to supply funds for dividends or to complete a dividend, or for the purpose of making an exceptional distribution. In this case, the decision will indicate the reserve accounts from which the funds will be taken. However, as a priority, dividends will be paid from the earnings available for distribution from the year under review. The payment method for dividends is fixed by the Shareholders’ Meeting, or otherwise by the Board of Directors. The Shareholders’ Meeting may grant to each shareholder, for all or a part of the dividend or partial payment of dividend to be paid, a choice between payment in the form of cash or in the form of shares. 7.1.1.4 Shareholders’ Meetings (Articles 14 to 18 of the by-laws) Shareholders’ Meetings are called and held under the conditions set by the law. Each share gives the right to participate and to vote at the Shareholders’ Meeting, within the conditions set by the law. 7.1.1.5 Crossing ownership thresholds (Article 8.5. of the by-laws) Any legal person or individual who comes to hold, alone or in a concert party, at least 2.5% of the share capital or voting rights in the Company, or a multiple of this percentage, shall inform the Company of the number of shares and voting rights held within five stock market trading days of having crossed this threshold; notification shall be made by registered mail with acknowledgement of receipt, addressed to Company headquarters. The same information shall be sent to the French Financial Markets Authority (Autorité des marchés financiers – AMF), within the same time limit. The above-mentioned requirement to give notice also applies each time the shares or voting rights held fall below one of the 2.5% thresholds. In case of failure to make the notifications stated above, shares and voting rights exceeding the fraction that should have been declared shall be deprived of voting rights at Shareholders’ Meetings, provided that said failure to declare has been recognised and that one or more other shareholders holding at least 2.5% of the share capital so request, and such request shall be recorded in the minutes of the Shareholders’ Meeting. The above provisions apply without prejudice to the declarations concerning crossed thresholds provided for by law.

Company name : Compagnie des Alpes. Headquarters : 50-52 boulevard Haussmann, 75009 Paris. Legal structure : A French société anonyme (joint-stock corporation), founded in 26 January 1989. Duration : set at 99 years starting from the registration date, hence expiring on 12 February 2088. Registration : The Company is registered with the Paris Trade and Companies Registry (RCS) under number 349 577 908. Business type : 7010 Z (Headquarters activities) Place where legal documents can be consulted : Company headquarters. Headquarters telephone number : +33 (0)1 46 84 88 00. Fiscal year : from 1 October to 30 September. 7.1.1.1 Corporate purpose (Article 2 of the by-laws) Compagnie des Alpes has the following purposes, in France and abroad: z the acquisition, holding, management, and divestiture of all forms of investment securities and all forms of shareholdings in all companies, both French and foreign, in whatever form they may be, and particularly those having operations in mountain tourism and the leisure sector; z the shareholdings, direct or indirect, by the Company in any of the aforementioned operations, through the creation of new companies, transfers, subscription to new shares or purchase of existing shares or company rights, mergers, partnerships, or otherwise, including providing financing under any form to such companies, and this whether in France or abroad; z the provision of any services, especially to the benefit of any Group companies, especially any services that may be rendered by an active holding company to its subsidiaries, be they corporate, operational or specific; z and generally, any commercial, financial, industrial, investment, or real estate operation, similar to or related directly or indirectly, in whole or in part, to the stated corporate purpose. 7.1.1.2 Rights attached to shares (Articles 6 and 8.4. of the by-laws) All shares are of the same category and benefit from the same rights, including profit sharing and the division of assets upon liquidation. For Shareholders’ Meetings, each share gives the right to one vote. Therefore, no shareholder enjoys double voting rights. Unclaimed dividends and advances on dividends revert to the French government after five years. 7.1.1.3 Appropriation of earnings (Articles 21 and 22 of the by-laws) Five percent of each year’s net income, less losses carried forward (where applicable), is appropriated to the legal reserve; this appropriation ceases to be obligatory when the reserves rise to the level of one tenth of the share capital.

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Compagnie des Alpes I 2017 Registration Document