Relationship with our shareholders

To meet our investors (46.2% of capital), we attend investor 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 digital roadshow with CM-CIC Market solutions in May.
• 1 SFAF meeting in September for the publication of the half-yearly results.
• 1 day at investors forum of Lyon Pôle Bourse in September.
• 2 days with Midcap Events in October in Paris.
• 1/2 day at the ESG Next’up Ethifinance digital forum in October in Paris.

Throughout the year, we have numerous contacts by telephone, face-to-face or during roadshows 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.

They hold 9.0% of capital, directly 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, 2019 and 2020.

During the first lockdown, we organised a distance-learning course given by the Ecole de la Bourse: ‘The keys to effective investment in shares’.

Traditionally, shareholder employees are good AGM attendees. There were around 103 of them at the 2020 digital edition.

Retired and former employees often remain shareholders. A lot are also present at the AGM. They own 4.3% of share capital.

Increase in capital reserved for employees
Despite the extremely worrisome context and a highly volatile share price, Thermador Groupe’s employees fully bought into the increase in capital reserved for them under the ‘collective management’ process (authorisation given by the AGM on April 8, 2019). As a result, 91,098 Thermador Groupe shares (1% of the capital) were created on April 27, 2020 and added to the Thermador Groupe FCPE (mutual fund), which owned 3.3% of the capital at December 31, 2020.