Shareholders

Evolution   ()

Shareholders as at 31 December 2009   ()

Shareholders as at 31 December 2008   ()

Organisation chart   ()

The holding percentages are calculated on the basis of the number of GBL shares issued. The share capital of GBL as at 31 December 2008 accounts 161,358,287 shares.

Joint control agreement between shareholders   ()

This merger, called for by the financial community and shareholders alike, will further simplify the group’s organisation chart and add to its clarity and transparency

The Company's shareholding is characterised by the presence of a controlling shareholder, Pargesa Holding S.A. (through its wholly-owned subsidiary, Pargesa Netherlands B.V.).  Pargesa Holding S.A., incorporated under Swiss law, is itself controlled by Parjointco N.V., incorporated under the laws of the Netherlands and whose capital is owned 50-50 by Frère-Bourgeois/CNP-NPM and Power Corporation of Canada, under an agreement concluded by the two groups in 1990.

That agreement aims to establish and maintain parity between the Power Corporation of Canada group and the Frère-Bourgeois/CNP-NPM group in Pargesa Holding S.A., GBL and their respective designated subsidiaries.

Each has agreed not to acquire, hold or sell interests in these companies, directly or indirectly, and has granted the other a right of pre-emption, subject to certain restrictions, on shares in Pargesa Holding S.A. and GBL in the event of the disposal of such shares during a five-year period from expiry of the agreement.

The agreement was prolonged in 1996 and will expire in 2014 if not renewed.

Declarations of transparency   ()

You can consult and download last information relating to the legislation of the Takeover Bid and the last declaration of Pargesa in PDF format (40 Kb).

In order to read this document in PDF format, you will need the program Acrobat Reader.

Which latest changes have occurred among the shareholding structure?   ()

A cash capital increase with pre-emptive rights, in the gross amount of EUR 1,192 millions, was established by means of officially recorded instruments dated 2 and 4 July 2007. Following that operation, GBL's capital of 161,358,287 shares and the share premiums amounted to EUR 653.1 million and EUR 3,825.3 million respectively.

GBL announced in late March 2006 and launched in early April a capital increase open to shareholders, in keeping with pre-emptive rights, in the proportion of one new share for 15 existing shares at the price of EUR 80. The share issue was well received, with a participation rate of 95.2% of existing shareholders. The remainder was subscribed by new investors via scripts. The operation involved the issue of 8.8 million shares for an amount of EUR 709.4 million.

In March 2005, GBL has issued exchangeable bonds due 2012 for an aggregate amount of EUR 435 million intented for foreign institutional investors. The latter are exchangeable for 5,000,000 GBL shares.

On 26 April 2001, the Extraordinary General Meetings of shareholders of Groupe Bruxelles Lambert S.A. and of Electrafina, its 82.8% subsidiary, approved the merger of the two companies. The operation was conducted in accordance with the conditions set out in the merger proposal filed at the Registry of the Commercial Court of Brussels on 14 March 2001. The parity  was fixed, after dividing the Electrafina share by 3, to 5 new Electrafina shares for 1 Groupe Bruxelles Lambert S.A. share.  The merged company is called Groupe Bruxelles Lambert, in abbreviated form GBL.

This merger, called for by the financial community and shareholders alike, will further simplify the group’s organisation chart and add to its clarity and transparency.