2013-vinci-annual-report

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’ 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 10b 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’ 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.”
186 VINCI 2013 ANNUAL REPORT
2. Relations between the parent company and its subsidiaries
2.1 Organisation chart (*) VINCI
CONCESSIONS
CONTRACTING
VINCI
Autoroutes
VINCI
Concessions
VINCI Construction
VINCI
Energies
Eurovia
ASF
VINCI Airports
VINCI
Immobilier
VINCI
Construction
France
Soletanche
Freyssinet
VINCI Energies
France
French
subsidiaries
UK and Indian
subsidiaries
Escota
Rail
infrastructure
VINCI
Construction UK
Entrepose
Contracting
VINCI Energies
International
ETF
Other European
subsidiaries
Cofiroute
Road
infrastructure
Sogea-Satom
(Africa)
VINCI
Construction
Grands Projets
VINCI Energies
GSS
Specialised
subsidiaries
North and South
American
subsidiaries
Arcour
VINCI Stadium
VINCI
Construction
Overseas France
VINCI
Construction
Terrassement
VINCI
Facilities
VINCI Park
Subsidiaries in
Central Europe
Dodin
Campenon
Bernard
(*) Simplified organisation chart of the Group at 31 December 2013.
The ownership ties between VINCI and its main direct subsidiaries are mentioned on page 302.
The various subsidiaries that comprise the Group and VINCI’s equity interest (whether direct or indirect) in these entities are shown in the list of the main consolidated companies, pages 279-285.
2.2 Role of the VINCI holding company towards its subsidiaries
The VINCI holding company has no operational activities of its own. The Group’s operational activities are carried out by its affiliates (there
were 2,108 consolidated affiliates at 31 December 2013), which are organised into five business lines within two core businesses: Concessions
(VINCI Autoroutes, VINCI Concessions) and Contracting (VINCI Energies, Eurovia, VINCI Construction). VINCI Immobilier, which is in charge
of property development activities, reports directly to the VINCI holding company.
The holding company provides leadership and supervisory functions for the Group’s operational entities, supplying services and assistance
to its subsidiaries in the following areas:
ˇˇdevelopment and execution of strategy, acquisitions and disposals, and the study and implementation of industrial and commercial synergies
within the Group;
ˇˇprovision of expertise in administrative, legal, human resources, tax, financial, communication and sustainable development matters.
VINCI also shares with its subsidiaries the benefits associated with the Group’s size and reputation, such as access to internationally recognised
partners, optimisation of terms for financing, purchases and insurance, easier access to regulatory authorities, and public relations.