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2011
The Group continued themovement to strengthen and build its
position in strategic markets started in 2010. The year 2011 was
marked by the following transactions:
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LISI COSMETICS was deconsolidated on January 1, 2011
following the sale completed as at April 6, 2011. For the
record, the division generated a sales revenue of €52.8million
in 2010.
■■
The CREUZET group was purchased and consolidated as of
July 1, 2011.
2012
On May 29, LISI AUTOMOTIVE sold 100% of its holdings in its
subsidiary KNIPPING UMFORMTECHNIK Gmbh to Gris Invest
SAS for an amount of €2.8 million.
Merger of Indraero Morocco and Creuzet Morocco.
2013
The LISI group obtained financing of USD 75 million through a
private placement in the United States and a €30 million loan
from the EIB in order to consolidate its long-term resources.
The investment plan represented a record amount of €87.7
million for the period.
2014
Mainly specializing in the forging of metal parts for aerospace
applications, the MANOIR AEROSPACE group has been
consolidated since June 5, 2014 into LISI AEROSPACE with the
aim of strengthening the Structural Components armwith the
integration of complementary technologies.
To a lesser extent, one should note in June 2014, the acquisition
of 100% of the control LISI AUTOMOTIVE Shanghai, of which a
Chinese partner held 25% previously.
2015
At its meeting on October 21, 2015, the Board of Directors voted
to adopt a new structure for its governing bodies that separates
the positions of Chairman of the Board of Directors and CEO.
Thus, as fromMarch 1, 2016:
Mr. Gilles Kohler, previously the Chairman and CEO of
the company, remains the non-executive Chairman of the
Board of Directors. Mr. Emmanuel Viellard, formerly Deputy
Chairman of the company, becomes the Group's CEO, and Mr.
Jean-Philippe Kohler is appointed Deputy CEO.
On December 17, 2015, the LISI group signed an agreement
with POLY-SHAPE to create a joint subsidiary, LISI AEROSPACE
Additive Manufacturing, of which 60% will be held by LISI
AEROSPACE and 40% will be held by POLY-SHAPE.
This company will combine the exclusive know-how of the
two partners in order to establish a leader in the design and
manufacture of mechanical parts for aeronautic and space
applications using 3D printing.
6.3
/
COMPANY NAME – HEAD OFFICE
AND LEGISLATION
Company name and head office
LISI S.A. – Le Millenium – 18 rue Albert Camus – 90008
BELFORT Cedex
Legal form of the issuer and applicable legislation
“
Société Anonyme
” (public limited company) governed by French
legislation.
Place and number of registration
■■
R.C.S.: BELFORT 536 820 269
■■
NAF Code: 7010 Z
6.4
/
INCORPORATION AND TERM - ARTICLES
OF ASSOCIATION
Incorporation and term
The company was set up on July 5, 1968. Its term expires on July
4, 2067, excepting early dissolution or renewal.
Purpose
According to article 2 of the by-laws, the company’s purpose is:
the acquisition of equity interests in all types of companies,
including commercial, manufacturing, financial, securities and
property development companies;
■■
the manufacture, purchase and sale of all items, especially
those relating to screws, nuts and bolts, forging, lathing and
machine tooling and building;
■■
where necessary, all transactions relating to the machine
industry and sale of related products;
■■
the direct or indirect participation in all transactions or
business matters that could have an impact on said business
purpose or which could help further the interests of the
corporation, by any means, including the creation of new
companies, subscription contribution, the purchase of shares
and rights, etc.;
■■
and more generally, all commercial, securities and real
estate transactions, be they directly or indirectly related to
the business purpose or likely to facilitate its expansion or
growth.
Financial year
The company’s accounting period begins on January 1 and ends
on December 31 of each year.
Specific statutory clauses
Article 17 – Distribution of earnings
■■
Out of the distributable profit, all amounts the Shareholders’
General Meeting shall decide to carry forward to the next
year or allocate to the creation of extraordinary, contingency,
or other funds, with or without a special allocation, shall be
withdrawn first. The remainder is distributed between the
shareholders, in proportion to the share capital held.
■■
Each shareholder may be granted the option of receiving
payment in cash or in shares under the terms provided for
by law, for all or part of the dividend or the advance on the
dividend distributed.
13
LISI 2015 FINANCIAL REPORT
GENERAL INFORMATION REGARDING THE COMPANY