MRM - 2018 Registration document

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Risk factors

Insurance

Pledges and mortgages in favour of banks

Relevant information is provided in Note 9 to the consolidated financial statements in Section 3.7 of this Registration Document.

The property assets acquired by the Group or its subsidiaries with bank loans are mortgaged to the lending banks, and the shares of its subsidiaries are pledged to such banks.

Information on the portion of the issuer’s share capital that has been pledged

To the Company’s knowledge, no portion of M.R.M.’s share capital has been pledged.

Insurance

2.4

The Group’s property assets are insured under multi-risk policies covering property damage, rental loss and the property owner’s third party liability. The risks covered by the various policies in force are generally: theft, water damage, broken glass, machinery failure, storms/ hail/falling aircraft, terrorist attacks/vandalism/riots, public liability, and special risks.

Furthermore, when the Company carries out work on its property assets it takes out Contractors’All Risks (TRC) insurance covering material damage to a property during works, the consequences of natural disasters as defined by Ministerial decrees published in the Journal Officiel (French government gazette), and the owner’s third-party liability during works. M.R.M. has taken out an insurance policy, on its own behalf and on behalf of its subsidiaries, to cover the liability of managers of M.R.M. and its subsidiaries.

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M.R.M. 2018 REGISTRATION DOCUMENT