Capital ownership

(at June 16, 2017)


Breakdown of capital

The free float is over 80%. Most is held by institutional investors. Kabouter (USA) holds more than 10% (but less than 15%) of the capital and the voting rights. Kempen Capital Management NV (the Netherlands), via its fund Kempen Oranje Participaties which it manages, and Allianz SE (Germany), through French companies it controls, each hold more than 5% (but less than 10%) of the capital and the voting rights. The company holds 0.04% in treasury shares in the framework of the liquidity agreement.



Capital: 31,440,273  shares 


Breakdown of diluted capital

Thanks to a motivating stock option program, the management (other than André Harari and Daniel Harari, who hold no stock options) and key employees (310 persons) hold 7% of the diluted capital. The Group intends to pursue this selective policy of promoting employee share-ownership. Fully-vested stock options totaled 3% of the base capital.



Fully-diluted capital: 33,386,724 shares