or of the securities providing eventual access to the Company’s capital equal to or greater than 1%, or a multiple of that fraction, including beyond the reporting threshold provided for in legislative and regulatory provisions is required to notify the Company, within a period of five trading days starting with the date of crossing of one of the said thresholds or, when a Shareholders’ General Meeting has been convened, no later than midnight (Paris time) of the third business day preceding the meeting, of the total number of shares, of voting rights or of securities offering eventual access to the capital that it possesses alone, directly or indirectly, or else in concert.
“Non-observance of the present obligation may be sanctioned by a loss of voting rights for the shares or rights attached thereto exceeding the unreported fraction, this at any Shareholders’ General Meeting held until the expiration of a period of two years following the date of service of the notification provided for above.
“The sanction is applied if it is requested in an application entered in the meeting minutes by one or several shareholders holding at least 5% of the Company’s capital.”
Shareholder identification (excerpt from Article 10a of the Articles of Association)
“The Company is entitled to request the entity handling the clearing of securities, and under the conditions provided for in the regulations in force, to provide the name, nationality and address of the natural or legal persons holding securities that grant, immediately or eventually, a voting right at its own Shareholders’ General Meetings, as well as the quantity of securities held by each of them and, if the case arises, the restrictions that may affect the said securities.”
2. Relations between the parent company and its subsidiaries
2.1 Organisation chart (*)
This organisation chart shows the relations between the parent company and its subsidiaries.
VINCI
VINCI, has three subsidiaries. Concessions, Energy and Construction.
CONCESSIONS
Concessions are composed of VINCI Autoroutes, VINCI Airports and Other concessions.
VINCI Autoroutes is composed of:
- ASF
- Escota
- Cofiroute
- Arcour
- Arcos
VINCI Airports is composed of:
- ANA (Portugal)
- London Gatwick (United Kingdom)
- OMA (Mexico)
- Aerodom (Dominican Republic)
- Kansai Airports (Japan)
- Aéroports de Lyon (France)
- Other airports (Brazil, Cambodia, Chile, Costa Rica, United States, France, Northern Ireland, Serbia)
Other concessions are composed of:
- VINCI Highways
- VINCI Railways
- VINCI Stadium.
Energy is composed of VINCI Energies and COBRA IS.
ENERGIES
VINCI Energies is composed of:
- VINCI Energies France
- VINCI Energies Europe East
- VINCI Energies Europe North West
- VINCI Energies International & System
COBRA IS is composed of:
- Grupo Cobra
- Imesapi
- Sice
- Cymi Brasil
- Semi
- Dragados Offshore
- Other subsidiaries
CONSTRUCTION
Construction is composed of VINCI Construction and VINCI Immobilier.
VINCI Construction is composed of:
- Specialty Networks
- Major Projects
- Europe Africa
- United Kingdom
- Americas Oceania
- Road France
- Networks France
- Building France
- Civil Engineering France
(*) Simplified organisation chart of the Group at 31 December 2022.
The various subsidiaries that comprise the Group and VINCI’s equity interest (whether direct or indirect) in these entities are presented in the list of consolidated companies found on the Group’s website: www.vinci.com.
2.2 Role of the VINCI holding company towards its subsidiaries
The Group’s operational activities are managed by its subsidiaries (there were 2,944 consolidated entities at 31 December 2022), which are organised into three core businesses: Concessions, Energy and Construction. The principal business lines are, for the Concessions business, VINCI Autoroutes and VINCI Airports; for the Energy business, VINCI Energies and Cobra IS; and for the Construction business, VINCI Construction. VINCI Immobilier, which is in charge of the Group’s property development activities, reports directly to the VINCI holding company.
The VINCI holding company provides leadership, support and supervisory functions for the Group’s subsidiaries. In this role, it supplies services and strategic and operational support in the following areas:
- development and implementation of strategy, exe
- cution of acquisitions and disposals, and the study and implementation of industrial and commercial synergies within the Group;
- high-level relations with government authorities, political leaders, elected officials, professional organisations, the media, the academic world, financial institutions and large companies, both nationally and internationally;
- provision of expertise in administrative, legal, financial, IT, insurance, purchasing, human resources, communication and sustainable development matters.