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Share information
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For detailed information about the stock, click on the Euronext logo.
 Stock information
Stock Exchange: Euronext Paris – Eurolist B
ISIN: FR0004038263
Mnemo: PARRO
Bloomberg: PARRO:FP
Reuters: PARRO.FR
Total number of Parrot shares(as of April 30th 2009)
Ownership structure (as of April 30th 2009, following the cancellation of 454,564 treasury shares)
- Henri Seydoux: 35,5%
- Board members and employees: 2,4%
- Historical investors: 7,3%
- Treasury shares: 3,7%
- Float: 45,9%
- MMA (as per their holding report on July 11th 2008): 5,3%
Disclosure requirements for holdings crossing certain thresholds (as per Company by-laws)
The French Commercial Code provides that any individual or entity, acting alone or in concert with others, that becomes the owner, directly or indirectly, of more than 5%, 10%, 15%, 20%, 25%, 331⁄3%, 50%, 662⁄3%, 90 or 95% of the outstanding shares or voting rights of a listed company in France, such as the Company, or that increases or decreases its shareholding or voting rights above or below any of those percentages, must notify the company within five trading days of the date it crosses the threshold, of the number of shares it holds and their voting rights. The individual or entity must also notify the AMF, within five trading days of the date it crosses the threshold. Registered intermediaries holding shares in custody must comply with the receding obligation whenever the aggregate holdings of their clients crosses such threshold, notwithstanding his own and each clients’ individual reporting obligations as the proprietary owner of the shares. The AMF makes the notice public.
French law and AMF regulations impose additional reporting requirements on persons who acquire more than 10% or 20% of the outstanding shares or voting rights of a listed company. These persons must file a 104 report with the company and the AMF within ten trading days of the date they cross the threshold. In the report, the acquirer must specify if it acts alone or in concert with others and specify its intentions for the following twelve-month period, including whether or not it intends to continue its purchases, to acquire control of the company in question or to seek nomination to the board of directors. The AMF makes the report public. The acquirer may amend its stated intentions, provided that it does so on the basis of significant changes in its own situation or that of the shareholders. Upon any change of intention, it must file a new report.
In addition to the legal disclosure requirements set out in article L.233-7 of the French commercial code described above, any person or legal entity, acting either alone or in concert with other persons or legal entities, that comes to hold by any means a number of shares representing 2.5% of the share capital or voting rights, or any further multiple thereof, must, no later than five trading days after occurrence, advise the Company by fax of the total number and percentage of shares and voting rights held, with written confirmation sent the same day by recorded delivery mail. They are also required to advise the Company if their holding falls back below those thresholds, under the same terms and conditions.
Failure to comply with these requirements will result in the shares that should have been disclosed being disqualified for voting purposes at all general meetings held for a period of two years after the date on which the requisite disclosure is finally made, if requested by one or more shareholders separately or together holding one percent of the Company’s share capital and voting rights and duly recorded in the minutes at the meeting. Disqualification is automatic in the case of failure to make the legal disclosures required under article L.233-7 of the French commercial code as described in the first two paragraphs of this section concerning thresholds.
 Download template form to disclose treshold crossing (word 2003 file)
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