EDF_REGISTRATION_DOCUMENT_2017
7.
GENERAL INFORMATION ABOUT THE COMPANY AND ITS CAPITAL Information regarding capital and share ownership
On 15 January 2018, the French State entered into a share allotment agreement with Bpifrance, an industrial and commercial public undertaking (EPIC), whereby it allotted 389,349,361 EDF shares to the latter, or 13.3% of the capital and 8.46% of the voting rights. They will act together and have to consult each other before every Shareholders' Meeting of EDF. Bpifrance undertook not to transfer, pledge or otherwise dispose of the shares. On 29 January 2018, BPI France and the French State combined crossed the statutory thresholds of 5%, 10%, 15%, 20%, 30%, one third, 50% and two-thirds of the Company's capital and voting rights.
To the Company’s knowledge, no shareholder other than the French State and Bpifrance directly or indirectly holds more than 5% of the capital and voting rights. The Company conducted a study on identifiable bearer shares as at 31 December 2017, which allowed it to examine the ownership of its capital and the geographical location of its shareholders on this date. The table set out below summarises this information as at 31 December 2017 and 31 December 2016:
As at 31 December 2017
As at 31 December 2016
Number of shares
Number of shares held
% of capital
held % of capital
State
2,444,361,086 111,751,510 174,348,008 83,945,491 74,336,180 35,266,513 3,430,016 2,927,438,804
83.50
1,805,952,345 55,533,724 105,599,615 44,821,849 61,462,195 33,097,739
85.62
Institutional investors in Europe (other than France) Institutional investors in the rest of the world
3.81 5.96 2.87 2.54 1.20 0.12
2.63 5.01 2.13 2.91 1.57 0.13
Institutional investors in France
Private shareholders Employee shareholders
Treasury shares
2,669,215
100.00
2,109,136,683
100.00
TOTAL
Following the allotment of double voting rights attached to the 1,630,870,545 shares held as directly registered shares by the French State for at least two years since the entry into force of French Act no. 2014-384 of 29 March 2014 aimed at recapturing the real economy, the State has notified a holding of 2,055,011,725 EDF shares and 3 685,882,270 EDF voting rights at 28 February 2018 (representing 70.20% of the capital and 80.10% of the voting rights of EDF). (1) On 22 April 2016, the State announced that it would receive its dividend in the form of shares for 2016 and 2017.
7.3.9
AGREEMENTS WHOSE IMPLEMENTATION COULD LEAD TO A CHANGE OF
CONTROL
To EDF’s knowledge, there are no agreements whose implementation could subsequently lead to a change in the Company’s control.
Moreover, pursuant to Article L. 111-67 of the French Energy Code, the State may not hold less than 70% of EDF’s capital.
This percentage was calculated based on the number of theoretical voting rights for all shares carrying voting rights, including those stripped of voting rights. (1)
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EDF I Reference Document 2017
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