The Annual General Meeting was broadcast live on the website www.loreal-finance.com . It can be replayed on this site. In order to promote dialogue with shareholders, and in addition to the legal process for written questions, shareholders also had the opportunity to ask questions which were not assimilated to written questions, between Saturday 17 April and Monday 19 April at 3 p.m. at a dedicated email address, and to ask their questions by telephone during the Annual General Meeting via a dedicated number. These questions were answered during the Annual General Meeting on the basis of a representative selection of topics that attracted shareholders’ attention.
“Any person, acting alone or in concert, who comes to hold, directly or indirectly, a number of shares or voting rights representing a fraction of the share capital or voting rights, taking into account equivalent securities under the meaning of Article L. 233-9 of the French Commercial Code, equal to 1% or a multiple of this percentage, and lower than 5%, must inform the Company of the total number of shares, voting rights and securities giving access to the share capital that it holds, as well as of equivalent securities under the meaning of Article L. 233-9 of the French Commercial Code, within a period of five trading days, from the date of the threshold crossing, pursuant to the notification and content conditions stipulated by the legal and regulatory provisions applicable to declarations of legal threshold crossings, and, notably by declaring the information that must be provided when a legal threshold is crossed to the French Financial Markets Authority - AMF, in accordance with its General Regulations. Such notice must also be given to the Company when a shareholder’s ownership falls below one of the thresholds set forth above. ” This provision of the Articles of Association supplements the legal requirements covering disclosures concerning the crossing, upwards or downwards, of thresholds relating to one-twentieth, one-tenth, three-twentieths, one-fifth, one-quarter, three-tenths, one-third, one-half, two-thirds, eighteen-twentieths or nineteen-twentieths of share capital or of voting rights.
“If not disclosed in accordance with the conditions stipulated by law or by the Articles of Association, the shares of the offending shareholder exceeding the fraction which should have been disclosed are deprived of voting rights, in accordance with the conditions stipulated in the French Commercial Code, if during a General Meeting, the failure to disclose is noted and if one or more shareholders together holding at least 5% of the share capital so request during said meeting.”
See the full Articles of Association of the Company on www.loreal-finance.com, under the heading “Regulated information”.
None.
The share capital amounted to €111,534,472 at 31 December 2021. It was divided into 557,672,360 shares with a par value of €0.20 each, all of the same class and with the same dividend rights.
The table set out below summarises (particularly in application of Articles L. 225-129-1 and L. 225-129-2 of the French Commercial Code) the currently valid authorisations granted to the Board of Directors by the Annual General Meeting of shareholders concerning the capital. It shows the use made of such authorisations over the financial year and presents the authorisations which are to be put to the vote at the Annual General Meeting on 21 April 2022.
* This information forms an integral part of the Annual Financial Report as provided in Article L.451-1-2 of the French Monetary and Financial Code.
(1) French Order No. 2020-321 of 25 March 2020 as amended by French Order No. 2020-1497 of 2 December 2020 and extended by Decree No. 2021-255 of 9 March 2021, and Decree No. 2020-418 as amended by Decree No. 2020-1614 of 18 December 2020.
(2) Pursuant to Article R.225-101 of the French Commercial Code.
