QUADIENT - 2020 Universal Registration Document

MANAGEMENT REPORT Ownership structure

Ownership structure 3.2

Quadient S.A. is not controlled either directly or indirectly. There is no agreement which might lead to a change of control. At 31 January 2021, Quadient S.A.’s share ownership was as follows:

Number of voting rights

Number of shares

1.269 0.043 0.445

1.275 0.043

Management and employees

438,536

438,536

Directors (non-executive)

14,772

14,772

Treasury shares held under liquidity contract

153,863

-

-

Treasury shares held for stock option and free share allocations

3

0.056 15.334 3.922 3.806 3.740 3.524 3.393 64.467 100.000

19,504

-

-

15.412 3.941 3.825 3.759 3.542 3.410 64.792

Teleios Capital Partners GmbH (a)

5,300,000

5,300,000

Dimensional Fund Advisors, L.P. (US) (a)

1,355,400

1,355,400

Norges Bank Investment Management (Norway) (a)

1,315,500

1,315,500

LLB Asset Management AG (a)

1,292,800

1,292,800

Marathon Asset Management, LLP (a)

1,218,100

1,218,100

Janus Henderson Investors (UK) (a)

1,172,800

1,172,800

Other shareholders

22,281,637

22,281,637

34,389,545 100.000

TOTAL

34,562, 912

(a)

Source: IPREO as at 31 January 2021.

To the Group’s knowledge, no other shareholder owns more than 3 of the capital or voting rights. As at 14 February 2020 (1) , Quadient S.A.’s share ownership is as follows:

Number of voting rights

Number of shares

1.553 0.018 0.383 0.017 10.915 4.526 4.378 4.332 4.019 3.701 66.157

1.559 0.018

Management and employees

536,825

536,825

Directors (non-executive)

6,147

6,147

Treasury shares held under liquidity contract

132,468

-

-

Treasury shares held for stock option and free share allocations

5,968

-

-

10.959 4.544 4.395 4.349 4.036

Teleios Capital Partners GmbH (a)

3,772,600

3,772,600

Norges Bank Investment Management (Norway) (a)

1,564,400

1,564,400

Marathon Asset Management, LLP (a)

1,513,000

1,513,000

Dimensional Fund Advisors, L.P. (US) (a)

1,497,200

1,497,200

Wellington Management Company, LLP (a)

1,389,200

1,389,200

3.716

Braun von Wyss & Müller AG (a)

1,279,200

1,279,200

66.423

Other shareholders

22,865,904

22,865,904

100.000

34,424,476 100.000

TOTAL

34,562,912

(a)

Source: IPREO at 14 February 2020.

To the Group’s knowledge, no other shareholder owns more than 3 of the capital or voting rights.

(1) Due to new processes put in place by Euroclear, information related to Quadient’s shareholder basis was delayed slightly.

81

UNIVERSAL REGISTRATION DOCUMENT 2020