MRM - 2019 Universal Registration Document

First page Table of contents Next page Last page

1. INFORMATION ON M.R.M.’S ACTIVITIES	5
1.1 General presentation of the Company	5
1.2 Key figures	5
1.2.1 The Group’s asset profile	5
1.2.2 Financial data	8
1.3 Company history	12
1.4 Presentation of the Company	14
1.4.1 General presentation of the activity	14
1.4.2 The Commercial real estate market in 2019	15
1.4.3 The Group’s analysis of market trends	17
1.4.4 M.R.M.’s asset portfolio as of 31 December 2019	18
1.4.5 Main investments carried out by the Company in the last three years	21
1.4.6 Recent events	22
1.4.7 Strategy and outlook	22
1.5 Group ownership structure	24
1.6 Group organisation	25
1.7 Human resources	26
1.8 Research and development	26
1.9 Environmental policy	26
1.10 Significant changes in the financial or commercial	26
2. RISK FACTORS	27
2.1 Risk management	27
2.2 Main risk factors	27
2.2.1 Risks linked to the economic environment, consumer habits and buying behaviours	29
2.2.2 Financial risks	29
2.2.3 Operational risks	31
2.2.4 Legal and tax risks	33
2.2.5 Environmental risks	34
2.3 Insurance	35
2.4 Other information	35
3. GENERAL INFORMATION ON THE ISSUER AND ITS SHARE CAPITAL	37
3.1 General information	37
3.1.1 Company name	37
3.1.2 Company registration place and number	37
3.1.3 Legal Entity Identifi er (LEI)	37
3.1.4 Registered offi ce, legal status and laws governing the Company’s business and website	37
3.1.5 Consultation of legal documents	37
3.1.6 Lifetime of the Company	37
3.1.7 Financial period of the Company	37
3.1.8 Corporate purpose	38
3.1.9 Appropriation of earnings according to the Articles of Association	38
3.2 Information about the share capital	38
3.2.1 Share capital	38
3.2.2 Unissued authorised share capital	39
3.2.3 Convertible securities	39
3.2.4 Non-equity securities	39
3.2.5 Potential share capital	39
3.2.6 Summary of current delegations or authorisations for capital increases	40
3.2.7 Treasury shares - Description of the share buyback programme	40
3.2.8 Complex securities	40
3.2.9 Options or agreements involving the Company’s share capital	40
3.2.10 Pledged shares	40
3.2.11 Changes in the share capital	40
3.2.12 Shareholders	41
3.3 Share price	45
3.4 Employee profit-sharing plan	46
3.5 Dividend payout policy	46
3.6 Management report for the financial year ended 31 December 2019	46
3.7 Consolidated financial statements for the financial year ended 31 December 2019	63
1. Financial statements	64
2. Notes to the consolidated financial statements	68
3.8 Statutory Auditors’ report on the consolidated financial statements for the year ended 31 December 2019	97
3.9 Corporate financial statements for the financial year ended 31 December 2019	101
3.10 Statutory Auditors’ report on the corporate financial statements	111
4. CORPORATE GOVERNANCE	115
4.1 Corporate governance report	115
1. Information on the composition, workings and powers of the Board of directors	115
2. Information on the remuneration of corporate officers	133
3. Information on factors likely to have an impact in the event of a takeover bid	142
4.2 Transactions with related parties	143
4.2.1 Regulated agreements	143
4.2.2 Other agreements with related parties	143
4.3 Statutory Auditors’ report on regulated agreements	144
4.4 Statutory Auditors	145
5. SIGNIFICANT CONTRACTS	147
6. INFORMATION ON INVESTMENTS	148
7. PERSON RESPONSIBLE FOR THE FINANCIAL INFORMATION	149
8. FINANCIAL CALENDAR	150
9. DOCUMENTS ACCESSIBLE TO THE PUBLIC	151
10. CERTIFICATION BY THE PERSON RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT	152
10.1 Person responsible for the Universal Registration Document	152
10.2 Certification by the person responsible for the Universal Registration Document	152
11. CROSS-REFERENCE TABLE	153

Made with FlippingBook Learn more on our blog