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Rothschild & Co | Annual Report 2017
61
1. Overview
4. Financial statements
3.
Management report
2. Business review
As at 31 December 2017, the composition of the Enlarged Family Concert was as follows:
Enlarged Family Concert members
Shares
% of share
capital
Voting rights % of exercisable
voting rights
Rothschild Concordia SAS
24,806,341
32.05% 49,612,682
40.74%
David de Rothschild Family
(1)
346,734
0.45% 349,254
0.29%
Eric and Robert de Rothschild Family
(1)
670,861
0.87% 937,991
0.77%
Holding Financier Jean Goujon SAS
(2)
4,057,079
5.24% 7,638,764
6.27%
N M Rothschild & Sons Ltd
(3)
1,240,507
1.60%
–
0.00%
Philippe de Nicolay-Rothschild
102
0.00%
202
0.00%
Alexandre de Rothschild
7,587
0.01%
15,087
0.01%
François Henrot
(1)
762,470
0.99% 1,238,730
1.02%
Olivier Pécoux Family
(1)
485,251
0.63% 784,580
0.64%
Nigel Higgins
94,071
0.12%
94,071
0.08%
Rothschild & Co Gestion SAS
1
0.00%
2
0.00%
Bernard Maurel Family
(1)
4,229,704
5.46% 8,004,674
6.57%
Nicolas Bonnault Family
(1)
328,260
0.42% 550,510
0.45%
Laurent Baril Family
(1)
404,570
0.52% 714,140
0.59%
Philippe Le Bourgeois Family
(1)
293,260
0.38% 453,510
0.37%
Christophe Desprez Family
(1)
384,000
0.50% 702,000
0.58%
Total Enlarged Family Concert
38,110,798
49.23% 71,096,197
58.39%
(1) Including their family holding company.
(2) Controlled by Mr. Edouard de Rothschild.
(3) Group entity controlled by Rothschild & Co without voting rights, in accordance with applicable legal provisions.
3.2 Ownership threshold disclosure
3.2.1 Threshold disclosure requirements
Pursuant to Article L. 233-7 of the French Commercial Code, any individual
or legal entity, acting alone or in concert with others, that comes into
possession of more than 5%, 10%, 15%, 20%, 25%, 30%, 33.33%, 50%,
66.66% or 90% or 95% of Rothschild & Co’s share capital or voting rights,
must inform the Company and the AMF no later than the close of business
on the fourth trading day following the crossing of the threshold, and disclose
the total number of shares, investment certificates or voting rights held. This
disclosure obligation shall apply under the same conditions when the portion
of the share capital or voting rights held drops below these thresholds.
In addition to threshold crossings subject to legal provisions, Article 7.3 of
Rothschild & Co’s articles of association establishes disclosure obligations
for shareholders who come into possession of a number of shares or voting
rights equal to or greater than 1% of the Company’s share capital or voting
rights, or any multiple of this threshold. This disclosure obligation shall apply
under the same conditions when the portion of the share capital or voting
rights held drops below these thresholds. The shareholders must inform
the Company within the timeframe provided for by law, by registered letter
with acknowledgement of receipt, stating whether the number of shares,
investment certificates or voting rights are or are not held on behalf of,
under the control of, or in concert with, other individuals or legal entities.
Subject to the specific provisions stated above, this statutory obligation is
governed by the same rules that apply to the legal obligation, including in
particular the cases of assimilation of securities held provided for by law.