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INFORMATION ABOUT THE COMPANY AND ITS SHARE CAPITAL
7
INFORMATION ABOUT THE SHARE CAPITAL
Assystem publishes notifications in the
Bulletin des Annonces Légales
Obligatoires
(BALO) (French legal gazette) and issues as regulatory
information the periodic and annual information required for listed
companies.
The financial information issued by the Company is supplemented by
press releases for the financial community and, more generally, the
public, on subjects of significant importance for understanding the
Company’s strategy. The Company also holds periodic meetings for
financial analysts and journalists to explain, in an interactive way, the
Group’s challenges, services and results.
The annual report, presented and filed as a Registration Document with
the AMF, as well as the interim financial report are widely distributed
within the financial community.
7.2.2
ASSYSTEM’S SHARE CAPITAL
All of the Company’s shares represent share capital.
At 31 December 2016, the Company’s share capital amounted to
€22,218,216, divided into 22,218,216 shares with a par value of
€1 each.
The breakdown of Assystem’s share capital and voting rights at
31 December 2016 is shown in the table below. In compliance with
AMF recommendation no. 2009-16, as amended on 17 December
2013, the table shows the number of theoretical voting rights and
the number of actual voting rights exercisable at General Meetings
excluding shares that do not have voting rights, such as treasury shares.
AT 31 DECEMBER 2016
Shares
%
Exercisable
voting rights
%
Theoretical
voting rights
%
HDL Development
13,478,407
60.66 26,956,814
77.23 26,956,814
74.94
Free float
7,671,367
34.53 7,946,313
22.77 7,946,313
22.09
Treasury shares
1,068,442
4.81
0
0 1,068,442
2.97
Total
22,218,216
100 34,903,127
100 35,971,569
100
A table showing the changes in the Company’s share capital over the
last three years is provided in Section 7.2.15 below.
At the date this Registration Document was filed, the Company was
controlled by HDL Development
(1)
.
For information purposes, during the first quarter of 2014 Dominique
Louis, Assystem’s founder and key shareholder, launched a takeover
bid
via
HDL Development
(1)
(Trade and Companies Register
number 798 774 600), which enabled him to reinforce his position in
the shareholding structure of the Company he founded and developed
and to provide it with a stable and long-term controlling shareholder.
The Company’s shareholding structure helps guarantee its independence
and ensure its sustainability, both in terms of (i) its ability to pursue its
industrial development strategy over the long term, which corresponds
to the duration of the business cycles in the markets where it has a
distinct competitive edge (particularly nuclear and aerospace), and (ii)
its commitment to continue to implement a responsible HR policy with
regard to its employees.
At 28 February 2017, HDL Development held 13,478,407 shares,
representing 60.66% of the Company’s share capital and 77.23% of
its voting rights.
(1) HDL Development is 67.94%-controlled by HDL, which is itself 73.01%-controlled by Dominique Louis, Chairman and CEO of Assystem, with interests of
20.25% held by Salvepar, 3.37% by the Tikehau Capital Partners fund and 3.37% by the Tikehau Preferred Capital fund. The remaining capital of HDL
Development is held as follows: 15.57% by CEFID, 12.40% by H2DA, 0.71% by EEC, 0.39% by Dominique Louis and 2.99% by Group managers.
Pledged shares of the Company and its subsidiaries (at 31 December 2016)
Shareholder
Beneficiary
Pledge
start date
Pledge
expiry date
Conditions for
releasing pledge
Number of the
issuer’s shares
pledged
% of the
issuer’s capital
pledged
HDL Development
CACEIS 16/12/2013 31/03/2019 Loan repayment
5,689,793
25.61
ASSYSTEM
REGISTRATION DOCUMENT
2016
152