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LISI 2016 FINANCIAL REPORT
147
Dear Shareholders,
In our capacity as Auditors of your Company, we will now present out
report on regulated agreements and commitments.
It is our responsibility to inform you, based on the information provided
to us, of the essential features and conditions applicable to the
agreements and commitments of which we have been informed or
which we would have discovered in the context of our assignment,
and the evidence of their benefit for the Company, without having
to express an opinion as to their usefulness or appropriateness, nor
investigate the existence of other such agreements or commitments.
It is for you to assess the relevance involved in the conclusion of these
agreements and commitments prior to their approval, as per the terms
of Article R. 225-31 of the French Commercial Code.
Besides, it is up to us, if applicable, to provide you with the information
provided for in Article R. 225-31 of the French Commercial Code
regarding the enforcement, in the year elapsed, of the agreements and
commitments already approved by the Shareholders’ General Meeting.
We have implemented the due diligence measures deemed necessary
for thismission as outlined by France’s national audit regulatory body, the
Compagnie Nationale des Commissaires aux Comptes.
These diligence
measures consisted in checking the consistency of the information
given to us with the basic documents from which they derive.
Agreements and commitments subjected to the approval of the
Shareholders’ General Meeting
Agreements and commitments authorized during the past financial
year
Pursuant to Article L. 225-40 of the French Commercial Code, we were
advised of the following agreements and commitments which had prior
approval from your Board of Directors.
With the company Indraero Siren, a sub-subsidiary of LISI SA
Persons concerned: Patrick Daher, Chairman of the DAHER Group and
director of the LISI Group, and Lise Nobre, director of the DAHER Group
and Chairwoman and director of the LISI Group.
Nature and purpose
Sale of the “Floor Covering” aircraft interior design activity operated by
the company Indraero Siren to the Daher Group
Conditions
The following terms apply to this agreement:
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date of the sale August 1, 2016
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price of the sale: €13,500,000
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Specific conditions (if guarantee or other clauses): none
Reasons for the Company’s interest in the agreement
Your Board justified this agreement/commitment as follows:
As part of this Business Group’s strategy, it was decided to withdraw
from activities which are not part of the group’s core business.
We inform you that we have not been informed of any agreement or
commitment already approved by the Shareholders’ General Meeting
whose implementation would have been continued during the period
elapsed.
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AUDITORS’ SPECIAL REPORT ON REGULATED CONVENTIONS
AND COMMITMENTS – FINANCIAL YEAR ENDED DECEMBER 31, 2016
Exincourt and Paris-La Défense, March 28, 2017
The Auditors
EXCO CAP AUDIT
ERNST & YOUNG et Autres
Philippe Pourcelot
Henri-Pierre Navas
Documents specific to the Shareholders General Meeting
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