There is no family link between the founders (Guy Vincent, Jacques Borde, Geneviève Boreil, Hubert Fournier and Marc de Sereys) and the current directors.
The use of the TPI procedure (identifiable bearer share) must be authorised by an Extraordinary General Meeting. The Extraordinary General Meeting of June 27, 1988 gave us this authorisation, and it was incorporated into the company’s by-laws. This means that by approaching the centralising body EUROCLEAR we can – at a cost – obtain the name, address and shareholding of every French shareholder.
The number of shares was closed on December 30, 2020. No substantial variation was observed in terms of registered shares between December 30 and December 31, 2020.
The AGM of April 4, 2016 opted for the principle of one share, one vote. On December 31, 2018, 2019 and 2020, capital and voting rights percentages were identical.
To the company’s knowledge, no other shareholder than those mentioned above has a shareholding greater than 5%.
Guy Vincent, founder of Thermador, resigned from the Board on January 28, 2020. Quite naturally, he joined the group of private shareholders.
The share of institutional investors decreased in favour of that of private shareholders, which peaked at 39.8%.
Finally, the Thermador Groupe FCPE (mutual fund) increased by 0.8% following the increase in capital reserved for employees. Thus, managers and staff, the FCPE, retired employees and former employees now account for 9% of the capital.