L'exercice 2017 fût marqué par l'annonce du retrait de société Siparex qui détenait 17% dans la holding de tête du Groupe, SFGP. Une partie de ce bloc de titres sera repris par Amperra, structure contrôlée par les deux dirigeants de la Société, François Perrier et Grégoire Cacciapuoti. L'autre partie des titres sera acquise directement par la holding qui financera ce rachat en revendant directement 7,27% du capital de la Société au Groupe. L'impact de cette restructuration de l'actionnariat n'aura toutefois pas d'incidence majeure sur le capital de la Société.
Cette année Proxinvest n'a pu analyser dans le détail voulu les conventions réglementées et, de ce fait, les rémunérations des dirigeants en raison de l'indisponibilité du rapport spécial des Commissaires aux comptes sur les conventions et engagements réglementés. Cela sera donc sanctionné par un vote regrettablement négatif, en l'absence d'autre alternative.
Gerard Perrier Industrie manufactures and installs electrical and electronic products used for the automation of industrial machinery. Activities also include industrial computing, industrial maintenance and electrical and electronic wiring.
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Item 3: Approve the Remuneration ReportThe remuneration structure is satisfactory, though accelerated vesting is possible. Potential and actual total variable remuneration exceed guidelines, but not very much. They are moderate in comparison with UK market practice. Overall, the quantum during the year was not excessive. We recommend shareholders vote in favor.
Item 3: Approve the Remuneration Report The structure is weighted more heavily towards short-term performance. One of the performance metrics for the LTI is the payment of sustainable dividends, which is not considered appropriate as executives can potentially influence the payout level. The LTI also includes relative TSR as a performance metric. Nevertheless, the quantum is not excessive and even maximum potential amounts are moderate. On balance, we recommend shareholders vote in favor. Item 4: Approve the Remuneration PolicyThe main concern with the Company's remuneration policy is that pa...
Item 2: Approve the Remuneration ReportThe remuneration structure is unsatisfactory. The main concern at the Company is that the potential maximum incentive pay including the bonus, matching shares on the deferred portion of the bonus and the LTI amounts to 1000% of base salary, which is considered grossly excessive. Actual incentive pay during the year was1.6 times the ECGS limit. Furthermore, variable remuneration is overly reliant on a single performance metric, benchmark profit before tax. A second performance criteria will be used in the coming year. We note that the Company has adjusted ...
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