SHAREHOLDERS’ CONSULTATIVE COMMITTEE
In 1997, the Lagardère group formed a Shareholders’ Consultative Committee representing individual shareholders.
The Committee’s objectives are to:
- improve financial communications between the Group and its shareholders;
- reflect on shareholders’ expectations and their perception of the Group and its investor relations policy (financial results, strategy, the Annual General Meeting, etc.).
The Committee consists of representatives of individual shareholders along with representatives of Lagardère.
The Committee considers primarily themes such as:
- financial communication via the Group’s websites;
- sustainable development;
- the annual report;
- the Group’s business development and strategy.
Anyone interested in becoming a member and participating in the Committee’s work should contact the Investor Relations Department via the Shareholders and investors section of the Lagardere.com website.
Information for shareholders
The Group provides its shareholders with comprehensive and easily accessible financial information on a regular basis and in various ways including the distribution of financial press releases by an AMF-approved provider, publications on its website, and live broadcasts of financial results presentations and the Annual General Meeting.
The Lagardere.com website includes two sections especially for investors and individual shareholders, including documents relating to the Annual General Meeting, answers to frequently asked questions and information about how to become a shareholder.
Specific sections are also provided on particular topics such as sustainable development, corporate governance, regulated information and debt.
Meetings with investors and financial analysts
In 2021, the Group managed to adapt its communications with investors and financial analysts against the backdrop of the pandemic and widespread working from home in various countries. The Investor Relations team maintained links with these various parties throughout 2021 by means of videoconferences or conference calls. Meetings with investors (shareholders and bondholders) and financial analysts were held by means of sector conferences.
Lastly, the Group maintains close and regular relations with financial analysts, particularly when reporting earnings or revenue (conference calls).
SECURITIES SERVICES AND REGISTERED SHARES
The shares that make up Lagardère SA’s share capital are all registered shares, held in administered form (via a financial intermediary) or in directly registered form (via Société Générale Securities Services/SGSS).
Thanks to this form of shares, all shareholders:
- are systematically invited to Annual General Meetings and can vote more easily by post or online;
- benefit from double voting rights once they have held shares on a continuous basis for four years.
Practical information about how to transfer directly registered shares to SGSS can be found on the Lagardère website.
The main advantages of holding shares in directly registered form are:
- no custodian fees;
- dividends paid directly on the date of payment decided by the Annual General Meeting;
- free handling of standard instructions relating to the ordinary running of the securities account: transfers, donations, adjustments, etc.;
- taking care of communicating instructions from the shareholder to sell securities;
- guaranteed receipt of documents relating to the running of the account periodically or on request, as soon as possible and free of charge, with the possibility of opting for electronic communications.
The main disadvantages of holding shares in directly registered form are:
- the securities account manager is not chosen by the shareholder;
- there is one share account for each company. Shareholders holding shares in directly registered form in several companies hold the corresponding amount of share accounts;
- receiving as many account statements and annual tax summaries (IFU) as holdings of directly registered shares.