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Proxy Report - AGM 07/02/2018

La présente assemblée générale porte sur deux opérations financières : des autorisations d'attributions d'actions réservées à des salariés et mandataires sociaux dirigeants (résolution 1), ainsi qu'une augmentation de capital par émission d'actions réservées à des salariés adhérents à un plan d'Epagne entreprise (résolution 3). Cette dernière correspond à nos critères et nous recommandons l'approbation. En revanche, la première résolution pose des problèmes de dilution, de montants, d'absence de plafonds pour les dirigeants, et ne propose aucune condition de performance, ce qui n'est pas acceptable. Nous recommandons donc l'opposition.

Fermentalg SA

Fermentalg SA is a France-based industrial biotechnology company. It specializes in the development of a technology which is used to produce molecules of interest and bypasses conventional methods using petrochemicals and also industrial fish farming. The Company offers a solution to the gradual depletion of two key resources: wild fish and petroleum. The Company's technology allows it to target a range of markets, such as human nutrition, animal feed, green chemicals, cosmetics and biofuels.


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