Relationship with our shareholders


Institutional investors


To meet institutional investors , we attend trade shows each year, with an average of ten interviews per day.

  • 2 days at the Forum Oddo Midcap in January in Lyon.
  • 1 SFAF meeting for the publication of the annual results.
  • 1 day at l’ESN European Conference with CM-CIC Market solutions in Avril in Paris.
  • 1 day at Forum ESG Ethifinance in May in Paris.
  • 1 SFAF meeting in September for the publication of the half-yearly results.
  • • 1 road show with CM-CIC Market solutions in september in Paris.
  • 1 day at investors forum of Lyon Pôle Bourse in September.

Throughout the year, we have numerous contacts by telephone, face-to-face, or during road shows organised for the most part in Paris. Investors are particularly attracted to the simple and direct contact that they can have with the Chairman and CEO and the Deputy CEO, responsible for finance.

Furthermore, our communications on LinkedIn and Twitter are increasingly followed.

 



Individual shareholders


All shareholders with at least one share receive the annual report, letters to shareholders and our invitation to the Annual General Meeting.

To our knowledge, we are one of the few companies to do so. This practice has resulted in us having a growing number of individual shareholders (6,106 at the November 2018 TPI) who represent 33.7% of our capital (the average for companies listed on the Stock Exchange is under 10%).

Our AGMs bring together almost 188 people, and our shareholders’ meeting in Paris around 130 people.



Each November, at the Palais des Congrès, Porte Maillot in Paris, we have a stand at the Actionaria show, which allows us to meet hundreds of our shareholders from the Paris area and get ourselves known to increase our spread of shareholders. Guillaume Robin, Jean-François Bonnefond, Patricia Mavigner, Arlette Berliocchi and Aurore Rodrigues were on the stand.



Partnership with F2iC


In partnership with F2IC (a Federation of Individual Investors and Investment Clubs), we met 469 individual shareholders in Rennes and in Toulouse in June 2019. Many discovered our company for the first time.

64% of participants handed in a feedback questionnaire, 46% of whom declared that they were intending to purchase Thermador Groupe shares.

We particularly thank Air Liquide, BIC and LISI Group who kindly agreed to share these two meetings with us.



Fédération des Investisseurs Individuels et des Clubs d'investissement



Retired employees and former employees


They hold 8.7% of capital, indirectly or via Thermador Groupe FCPE (mutual fund). Signatories of a stock exchange charter, they can only intervene on the market 4 times per year during the trading windows of 3 weeks further to the publication of turnover (1st and 3rd quarter) and results (1st half and annual results).

In 2017, we took the initiative of inviting them to a pre-AGM meeting to take the time to explain the workings of governance, the role of independent Board members and the resolutions tabled. This meeting with all the employees took place again in 2018 and 2019.

In 2019, we organised remote training with the stock exchange school (Ecole de la Bourse) entitled ‘Keys to better investment in shares’. 107 employees or their spouses followed the course.

Traditionally, shareholder employees are good AGM attendees.There were around 81 of them at the 2019 edition.

Retired and former employees often remain shareholders. A lot are also present at the AGM. They own 4.3% of share capital. A resolution on increasing the portion of capital reserved to employees was voted in 2019, by 91.6% of voters. It will be implemented in 2020, with the objective of employees and retired employees reaching the 10% of capital mark.




Development of one part of the Thermador Groupe's collective employee shareholding plan