MRM // 2021 Universal Registration Document

First page Table of contents Next page Last page

1. INFORMATION ON M.R.M.’S ACTIVITIES	3
1.1 General presentation of the Company	3
1.2 Key figures	3
1.2.1 Overview of the Group’s portfolio	3
1.2.2 Financial data	6
1.3 History of the Company	10
1.4 Presentation of the Company	12
1.4.1 General business overview	12
1.4.2 The commercial real estate market in France in 2021	15
1.4.3 The Group’s analysis of market trends	18
1.4.4 M.R.M.’s asset portfolio as of 31 December 2021	18
1.4.5 Main investments carried out by the Company in the last three years	22
1.4.6 Recent events	22
1.4.7 Strategy and outlook	23
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 position	26
2. RISK FACTORS	27
2.1 Risk management	27
2.2 Main risk factors	27
2.2.1 Risks related to the economic environment, consumer habits and purchasing behaviour	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	36
2.4 Other information	36
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 place of registration and number	37
3.1.3 Legal Entity Identifier (LEI)	37
3.1.4 Registered office, 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 year of the Company	37
3.1.8 Corporate purpose	38
3.1.9 Statutory appropriation of earnings	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 giving access to the share capital	39
3.2.4 Securities not representing share capital	39
3.2.5 Potential capital	39
3.2.6 Summary of current delegations or authorisations for capital increases	40
3.2.7 Treasury shares held by the Company	40
3.2.8 Options or agreements involving the Company’s share capital	41
3.2.9 Pledges of shares	41
3.2.10 Changes in share capital	41
3.2.11 Shareholding	42
3.3 Share price	44
3.4 Employee profit-sharing plan	45
3.5 Dividend distribution policy	45
3.6 Management report for the financial year ended 31 December 2021	45
3.7 Consolidated financial statements for the financial year ended 31 December 2021	68
3.8 Statutory Auditors’ report on the consolidated financial statements	103
3.9 Corporate financial statements for the financial year ended 31 December 2021	107
3.10 Statutory Auditors’ report on the financial statements	118
4. CORPORATE GOVERNANCE	122
4.1 Report on corporate governance	122
1. Information on the composition, workings and powers of the Board of directors	122
2. Information on the remuneration of corporate officers	142
3. Information on factors likely to have an impact in the event of a takeover bid	153
4.2 Transactions with related parties	154
4.2.1 Regulated agreements	154
4.2.2 Other agreements with related parties	154
4.3 Statutory Auditors’ report on regulated agreements	155
4.4 Statutory Auditors	156
5. INFORMATION ON INVESTMENTS	157
6. PERSON RESPONSIBLE FOR FINANCIAL INFORMATION	158
7. FINANCIAL CALENDAR	159
8. DOCUMENTS AVAILABLE TO THE PUBLIC	160
9. CERTIFICATION BY THE PERSON RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT	161
9.1 Responsable du Document d’Enregistrement Universel	161
9.2 Attestation du responsable du Document d’Enregistrement Universel	161
10. CROSS-REFERENCE TABLES	163

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