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INFORMATION REGARDING THE COMPANY AND CORPORATE GOVERNANCE
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LISI 2015 FINANCIAL REPORT
So as to be able to benefit from the tax break as regards
inheritance and gift tax, the Compagnie Industrielle de Delle,
Mr. Gilles Kohler, Mr. Jean-Philippe Kohler and Mr. Emmanuel
Viellard have individually made a commitment to keep their
shares in LISI S.A. for a period of two years. This commitment
will be tacitly renewable by periods of one year, year on year.
On the date of this document, these commitments made under
Article 885 I bis and Article 787 B of the French General Tax
Code have been kept.
It is also stated that CIKO holds 48,030 CID shares for a total
value amounted to 159,495 shares at December 31, 2015.
1.3.2 LISI S.A. shareholding
The latest TPI analysis (“Identifiable bearer security”),
conducted on February 4, 2015, identified 2,263 shareholders on
the floating capital, which accounted for approximately 29.9%
of the total number of shares out of a total floating capital of
30.7%. At that date, the breakdown was as follows:
■■
French institutional investors: 118 holding 10.1% of the share
capital;
■■
International institutional investors: 138 holding 18.2% of the
share capital;
■■
French and international individual shareholders: 2,145
holding 1.5% of the share capital.
1.3.3 LISI S.A. treasury shares
As at December 31, 2015, LISI S.A. held 1,233,252 of its own
shares, or 2.3% of the share capital. No shares were cancelled.
These shares are primarily intended to be used in the form of
performance shares, as described in paragraph 2.7.2.2.
1.4
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RELATIONSHIP BETWEEN THE COMPANY AND
ITS SUBSIDIARIES
LISI S.A. operates as a holding and support company for its
subsidiaries. It manages its portfolio of interests, the funding of
its operations and those of its subsidiaries, as well as exchange
rate, interest rate and liquidity risks. If necessary, it can also
grant loans to its subsidiaries and centralize the Group’s
cash flow surpluses, within the scope of a cash management
agreement. These operations are charged at the market price
plus a margin.
InFrance, LISI S.A. is theparent companyof aGroupconsolidated
for fiscal purposes. In accordance with the express provisions
of the French Fiscal Consolidation Agreement, tax credit is
retained by the parent company, and companies are not entitled
to compensation should they leave the consolidation perimeter.
LISI S.A. offers its subsidiaries a number of services and skills
relating to central functions, such as legal and fiscal support,
financial support, management controls, procedures and
audits, insurance management and assistance with human
resources, health, safety, and environmental matters. The
three divisions pay LISI S.A. a normal level of compensation
for these services, based on the operating expenses incurred
for the period, multiplied by a coefficient; these charge-backs
are broken down proportionally to each division's added value.