AF Air France-KLM

Etude de l'AG du 16/05/2017

Proxinvest attire l'attention des actionnaires sur les points suivants :

La société propose deux séries d'autorisations pour les opérations sur le capital. La première exclue la possibilité de l'usage de ces autorisations en période d'offre publique alors, que la seconde série maintient cette possibilité. Si la présentation de ces deux séries peut être analysée comme un choix donné aux actionnaires de la société, Proxinvest regrette la mise en place de la deuxième série, en raison de sa possible utilisation comme arsenal anti-OPA.

Par ailleurs, la société ne propose pas de rémunération à long terme pour les dirigeants. Proxinvest estime que cette forme de rémunération est souhaitable puisqu'elle permet de confondre les intérêts du dirigeant avec ceux de la société.

04/05/2017
29 pages
FR

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Underlying

Consumer Cyclical - France
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