DERICHEBOURG - Universal registration document 2018-2019
3
Group management report Shareholder structure and threshold crossing
The Derichebourg Group, confident of its management of the risk associated with the investments it has made over the past two years in terms of prevention and protection in its core business, i.e. recycling, is now looking at expanding the proportion of self-insurance. This self-insurance may come in several forms, including a structured form. Main insurance programs The Group’s insurance policy is based on more than 10 programs including the following main policies: General Public Liability Insurance: covering third-party criminal and p contractual liability incurred by the Group in the event of personal injury or material and intangible damage likely to arise in the course of business operations or after delivery; Specific Public Liability Insurance for pollution risks; p Airport Public Liability Insurance; p
Accident insurance: covering direct material damage and p consequential operating losses arising from accidents to the insured equipment; Vehicle Fleet Insurance: working from a common base, these are p essentially policies adapted to the needs of local regulations; Transport Insurance: covering claims arising from maritime, rail and p ground transportation between the Group’s plants and its customers; Charterer Insurance; p Ten-Year Insurance for all building-related activities; p Directors’ Liability Insurance; p Workers’ Compensation insurance, to cover work-related accidents p and illness; this system is specific to the United States. The total cost of the Group’s policies was €11 million at September 30, 2019.
Shareholder structure and threshold crossing 3.4
Shareholder structure 3.4.1 The following table summarizes information about the known shareholders of the Company as at September 30, 2019, the closing date of its most recent fiscal year.
Number of voting rights
Number of shares
% of share capital
% of voting rights
Shareholders
CFER*
65,745,648
41.25
131,491,296
57.79
FINANCIÈRE DBG*
65,894
0.04 1.06
65,894
0.03 0.74
Employees
1,686,029
1,686,029
Treasury shares
0
0
0
0
Free float
91,899,918
57.65
94,290,107
41.44
Total
159,397,489
100.00 227,533,326
100.00
CFER and FINANCIÈRE DBG are ultimately controlled by the family of Mr. Daniel Derichebourg. *
As at September 30, 2018, the capital ownership structure was as follows:
Number of voting rights
Number of shares
% of share capital
% of voting rights
Shareholders
CFER*
65,745,648
40.12
131,491,296
56.67
FINANCIÈRE DBG*
65,894
0.04 0.96
65,894
0.03 0.68
Employees
1,568,021
1,538,021
Treasury shares
0
0
0
0
Free float
96,499,217
58.88
98,888,139
42.62
Total
163,878,780
100.00 232,013,350
100.00
CFER and FINANCIÈRE DBG are ultimately controlled by the family of Mr. Daniel DERICHEBOURG. *
DERICHEBOURG p 2018/2019 Universal Registration Document 105
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