7. Stock market information share capital
7.3. Shareholder structure7.3. SHAREHOLDER STRUCTURE*
STRUCTURE OF SHARE OWNERSHIP AS AT 31 DECEMBER 2021
Ce schéma représente la structure de l’actionnariat au 31 décembre 2021.
Employees(2): 1.60%
Ms. Françoise Bettencourt Meyers and her family(1) : 33.30%
Nestlé : 19.30%
International institutional investors : 29.84%
French institutional investors : 7.34%
Individual shareholders : 4.62%
Treasury shares : 4.00%
(1) Consisting, in addition of Ms Françoise Bettencourt Meyers, of Mr Jean-Pierre Meyers, Mr Jean-Victor Meyers and Mr Nicolas Meyers, along with Téthys SAS.
(2) Concerns the current and former employees of L’Oréal. Pursuant to law no. 2015-990 of 6 August 2015, since 2016, the percentage also includes the free shares granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 0.89% as part of the L’Oréal Employee Savings Plan and employee investment funds as defined by Article L. 225-102 of the French Commercial Code.
7.3.1. Legal entities or individuals acting in concert to the Company’s knowledge
The Bettencourt Meyers family consists of Ms Françoise Bettencourt Meyers, Mr Jean-Pierre Meyers, Mr Jean–Victor Meyers and Mr Nicolas Meyers, along with Téthys SAS. As a reminder, following the expiry of the agreement concluded in 2004 between the Bettencourt Meyers family on the one hand and Nestlé S.A. on the other, these two shareholders have not acted in concert since 21 March 2018.
7.3.2. Changes in allocation of the share capital and voting rights over the last three years
Over the last three years, the allocation of the share capital and the voting rights has changed as follows:
| 31.12.2021 | 31.12.2020 | 31.12.2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Number of shares | % of capital | % of voting rights(3) | Number of shares | % of capital | % of voting rights(3) | Number of shares | % of capital | % of voting rights(3) | |
| Ms Françoise Bettencourt Meyers and her family(1) | 185,715,079 | 33.30 | 33.30 | 185,715,079 | 33.17 | 33.17 | 185,715,079 | 33.27 | 33.27 |
| Nestlé S.A. | 107,621,021 | 19.30 | 19.30 | 129,881,021 | 23.20 | 23.20 | 129,881,021 | 23.27 | 23.27 |
| Employees(2) | 8,933,867 | 1.60 | 1.60 | 8,787,341 | 1.57 | 1.57 | 8,124,383 | 1.46 | 1.46 |
| Public | 233,142,393 | 41.80 | 41.80 | 235,488,139 | 42.06 | 42.06 | 234,396,722 | 42.00 | 42.00 |
| Treasury shares | 22,260,000 | 4.00 | 4.00 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| TOTAL | 557,672,360 | 100 | 100 | 559,871,580 | 100 | 100 | 558,117,205 | 100 | 100 |
(1) Including, at 31 December 2021, 152,514,292 L’Oréal shares held in absolute ownership by Téthys SAS, a company controlled by Ms Françoise Bettencourt Meyers and her family, 33,182,455 shares held in absolute ownership by Ms Françoise Bettencourt Meyers, 15,332 shares held in absolute ownership by Mr Jean-Pierre Meyers,1,500 held in absolute ownership by Mr Jean-Victor Meyers and 1,500 held in absolute ownership by Mr Nicolas Meyers.
(2) Concerns the current and former employees of L’Oréal. Pursuant to law no. 2015-990 of 6 August 2015, since 2016, the percentage also includes the performance shares granted in accordance with Article L. 225-197-1 of the French Commercial Code. Of which 0.89% in the L’Oréal Employee Savings Plan (PEE) as defined by Article L. 225-102 of the French Commercial Code.
(3) Calculated in accordance with Article 223-11 of the General Regulations of the AMF.
The number of shares held by each member of the Board of Directors is detailed in Chapter 2, section 2.2.2. “List of corporate offices and directorships of the Directors exercised at 31 December 2021”.
The Company is authorised to trade in its own shares on or off the Stock Exchange in accordance with Articles L. 22-10-62 et seq. and L. 225-210 to L. 225-217 of the French Commercial Code, within the limits and in accordance with the purposes defined by the authorisations granted to it by its Annual General Meeting.
As of 31 December 2021, the Company held 22,260,000 of its own shares following the repurchase by L’Oréal of 4% of its own shares held by Nestlé.
*This information forms an intregral part of the Annual Financial Report as provided in Article L.451-1-2 of the French Monetary and Financial Code.