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Share capital and share ownership
7.7 Share ownership structure as of December 31, 2015 and significant changes over the last three fiscal years
DANONE
REGISTRATION DOCUMENT 2015
315
7.7 SHARE OWNERSHIP STRUCTURE AS OF DECEMBER 31, 2015
AND SIGNIFICANT CHANGES OVER THE LAST THREE FISCAL YEARS
Share ownership structure as of December 31, 2015
It should be noted that double voting rights are granted to all fully
paid-up shares held in registered form in the name of the same
shareholder for at least two years (see section 7.6
Voting rights,
crossing of thresholds
).
As of December 31, 2015, shareholders having declared that they
own more than 1.5% of the Company's voting rights (on the basis of
the declarations of crossing statutory thresholds received by the
Company) are the following:
Shareholders
Number of
shares held
% of share
capital
Number of
gross voting
rights
% of gross
voting rights
(a)
Number of net
voting rights
% of net voting
rights
(b)
MFS Group
(c)(d)
83,804,278
12.8% 69,417,105
10.1% 69,417,105
10.8%
(d)
Sofina & Henex group
14,110,330
2.2% 21,554,500
3.1% 21,554,500
3.3%
First Eagle Investment
Management
14,797,091
2.3% 14,797,091
2.2% 14,797,091
2.3%
Amundi Asset Management
11,447,283
1.7% 11,447,283
1.7% 11,447,283
1.8%
Harris Associates L.P.
11,277,884
1.7% 11,277,884
1.6% 11,277,884
1.7%
CDC group
10,823,151
1.7% 10,823,151
1.6% 10,823,151
1.7%
Norges Bank
9,357,050
1.4% 9,357,050
1.4% 9,357,050
1.5%
Employee shareholding
“Fonds Danone”
company investment fund
8,190,638
1.3% 15,850,814
2.3% 15,850,814
2.5%
Treasury shares – the Company
33,946,170
5.2% 33,946,170
5.0%
−
−
Treasury shares – Danone
Spain subsidiary
5,780,005
0.9% 5,780,005
0.8%
−
−
Others
451,417,320
68.9% 480,550,869
70.2% 480,550,869
74.5%
Total
654,951,200
100.0% 684,801,922
100.0% 645,075,747
100.0%
(a) The percentage of gross voting rights is calculated taking into account the shares held by the Company and its subsidiaries, which are stripped of voting rights.
(b) The number of net voting rights (or voting rights “exercisable in a Shareholders' Meeting”) is calculated excluding shares stripped of voting rights.
(c) See section
Significant changes in Company's share ownership structure over the last three fiscal years
hereafter for details on MFS group's positions.
(d) The voting rights of MFS group were capped at 6% at the Shareholders' Meeting of April 29, 2015 in accordance with Article 26 II of the by-laws of the Company
(see section 7.6
Voting Rights, crossing of thresholds
above for details on limitations on voting rights at Shareholders' Meetings).
As of December 31, 2015, the total number of the Company's
shares held by the 15 members of the Board of Directors and the
12 members of the Executive Committee (including one Director),
i.e. a total of 26 people, was 628,170 shares, representing 0.10% of
the Company's share capital.
There is no clause in the Company's by-laws giving preferential
rights for the acquisition or sale of Company shares.
Lastly, as of December 31, 2015, the portion of the Company's share
capital held by shareholders in registered form on the Company
share register (
nominatif pur
) and in registered form on the books
of a financial intermediary (
nominatif administré
) and pledged was
not material.
To the Company's knowledge, on the basis of threshold crossing
statements made to the French Financial Markets Authority, no
shareholder other than theMFS group held a stake of more than 5% in
the Company's share capital or voting rights as of December 31, 2015.