Ownership structure at November 30, 2025


BREAKDOWN OF CAPITAL

 The free float is over 85%. Most is held by institutional investors.

  • Alantra EQMC Asset management SGIIC (Spain) hold more than 10% (but less than 15%) of the capital and the voting rights
  • Brown Capital Management LLC (United States); Kempen Oranje Participaties Management N.V (The Netherlands)  and Amiral Gestion (France) each hold more than 5% (but less than 10%) of the capital and the voting rights

The company holds 0.10% in treasury shares in the framework of the liquidity agreement.

Capital: 38 047 200 shares

BREAKDOWN OF DILUTED CAPITAL

Thanks to a motivating stock option program, the management (other than Daniel Harari, who holds no stock options) and key employees (501 persons) hold 4.5% of the diluted capital.

The Group intends to pursue this selective policy of promoting employee share-ownership. Fully-vested stock options totaled 2.1% of the base capital.

Fully-diluted capital: 39 899 123 shares