to download the 2012 registration document. - Groupe M6

More documents

Recommendations

Info

SHARE CAPITALDateNumber ofshares tradedAverage closingprice (€)(Monthlyhigh (€)(Monthly low(€)Trading value (€)(2009 January 7,903,024 12.99 14.83 11.24 102.68February 6,776,306 11.53 12.68 9.82 75.92March 7,537,095 11.20 12.45 9.35 84.43April 5,678,375 13.35 14.58 12.01 75.59May 4,995,606 14.00 15.06 13.11 70.54June 4,150,341 13.54 14.44 12.40 56.49July 7,405,595 12.85 14.25 12.00 96.82August 4,603,770 14.87 16.20 13.85 68.12September 7,243,921 17.57 18.85 15.49 128.46October 6,610,768 17.57 18.39 16.31 116.38November 5,547,596 17.85 18.95 16.33 99.49December 4,865,996 17.82 18.49 17.15 85.792010 January 4,167,713 18.97 19.70 17.86 79.12February 4,503,983 18.71 19.94 17.90 84.29March 7,448,759 18.62 19.35 18.05 138.69April 8,461,636 19.50 20.16 18.91 165.50May 13,425,044 17.69 20.22 15.30 244.30June 7,667,933 16.92 17.87 15.69 129.54July 5,814,137 16.99 18.00 16.03 99.06August 4,167,713 16.53 17.88 15.47 69.54September 4,446,573 17.37 18.12 16.28 77.28October 4,177,425 17.48 17.83 16.85 72.92November 7,312,731 17.68 19.00 16.71 129.38December 4,205,786 18.08 18.68 16.76 75.822011 January 5,496,304 18.11 19.02 17.63 99.71February 5,795,070 18.22 18.70 17.52 105.52March 5,657,883 18.32 18.96 17.27 103.47April 4,876,211 18.10 18.77 17.40 88.36May 14,027,313 16.98 18.25 16.03 244.69June 4,976,308 15.72 16.48 15.25 78.20July 5,044,161 15.64 16.40 14.76 78.79August 5,504,910 14.47 16.53 13.27 79.52September 6,985,943 12.98 14.92 11.13 89.73October 5,535,809 12.26 13.06 11.32 67.72November 14,462,706 10.91 12.30 9.38 155.33December 6,412,431 11.21 11.85 10.66 71.862012 January 5,647,530 12.15 13.07 11.35 68.43February 4,857,154 13.33 13.68 12.81 64.42March 3,714,261 13.68 14.05 13.09 51.03April 5,610,559 11.92 13.30 11.00 67.04May 7,681,203 10.74 12.24 9.63 81.13June 5,568,294 10.18 10.56 9.57 56.50July 5,389,476 11.01 11.67 10.54 59.01August 2,678,760 11.78 12.05 11.18 31.42September 3,233,882 11.72 12.45 10.62 37.42October 3,670,916 10.77 11.27 10.51 39.56November 2,561,577 10.97 11.38 10.62 28.06December 2,018,061 11.73 11.95 11.34 23.582013 January 3,245,676 12.07 12.44 11.59 39.24Février 4,542,038 12.80 13.51 12.30 58.29Source: Euronext100 - M6 GROUP - 2012 REGISTRATION DOCUMENT
SHARE CAPITAL3.4. Cash dividend policyCash dividends paid over the last 5 financial years were as follows:2011 2010 2009 2008 2007Ordinary dividend €1.00 €1.00 €0.85 €0.85 €1.00Extraordinary dividend - € - € €1.50 - € - €Net dividend per share €1.00€1.00€2.35€0.85€1.00Tax credit - - - - -Gross dividend €1.00 €1.00 €2.35 €0.85 €1.00Yield (based on closing share price) 8.7% 5.5% 13,1% 6.1% 5.6%Pay-out Ratio - Group share ofcontinuing operations) 84.4% 82.1% 217.9% 79.2% 77.0%With regard to its financial and cash flow generation position and net profit, M6 Group proposed to theAnnual General Meeting of 3 May 2012 the payment of an ordinary dividend of €1.00 per share for the2011 financial year, corresponding to a pay-out ratio of 84.4% of the Group’s share of consolidated netprofit and a yield of 8.7% (calculated based on the 2011 closing price).In respect of the 2012 financial year, a proposal will be submitted for approval to the Ordinary GeneralMeeting of 13 May 2013 for the payment of an ordinary cash dividend of €0.85 per share, correspondingto a pay-out ratio of 76.3% of the Group’s share of consolidated net profit, and of an extraordinary cashdividend of €1.00 per share, making a total cash dividend of €1.85 per share. Including the extraordinarycash dividend, the yield is 15.7% calculated based on the 2012 closing price (7.2% excludingextraordinary cash dividend).The Amending Law n° 2011-894 of 28 July 2011 on the financing of social security, published in theJournal Officiel on 29 July 2011, requires certain employers to pay a bonus to their employees whendividends paid to shareholders or partners increase.This obligation covers commercial companies with a workforce of 50 or more and whose dividends haveincreased compared to the average of the previous two financial years.The M6 Group is therefore concerned by this mechanism in 2012 as the average of dividends paid overthe last two years was €1.00 for a total proposed dividend of €1.85 for the 2012 financial year. Theamount of this bonus will be negotiated with trade unions after the Shareholders’ General Meeting hasdelivered its opinion on the dividend to be paid for the 2012 financial year.3.5. Main shareholders at 31 December 2012At 31 D e ce mbe r 2012 At 31 D ec embe r 2011 At 31 D ec ember 2010%%Number of% sha reNumbe r ofNumber of% sha reNumbe r ofNumbe r of% sharevotingvotingshare sc apita lvoting rightsshare sc apita lvoting rightssha resca pitalrightsrightsNumber ofvoting rights%votingrightsRTL Group 61,007,471 48.46% 42,578,509 34.00% 61,487,471 48.65% 42,578,509 34.00% 62,447,471 48.42% 42,920,487 34.00%GroupeCompagnieNationale à9,154,477 7.27% 9,154,477 7.31% 9,154,477 7.24% 9,154,477 7.31% 9,154,477 7.10% 9,154,477 7.25%Portefe uilleTre asury share s 653,054 0.52% - 0.00% 147,237 0.12% - 0.00% 460,004 0.36% - 0.00%FCPE M6 Personnel 160,900 0.13% 160,900 0.13% 142,700 0.11% 142,700 0.11% 136,130 0.11% 136,130 0.11%Fre efloa t 54,908,062 43.62% 54,908,062 43.85% 55,452,079 43.88% 55,452,079 44.28% 56,759,857 44.01% 56,759,857 44.96%in Fra nc e 23,499,370 18.67% 23,499,370 18.76% 25,575,880 20.24% 25,575,880 20.42% 23,515,009 18.23% 23,515,009 18.63%in other countrie s 31,408,692 24.95% 31,408,692 25.08% 29,876,199 23.64% 29,876,199 23.86% 33,244,848 25.78% 33,244,848 26.34%Total 125,883,964 100.0% 106,801,948 85.28% 126,383,964 100.0% 107,327,765 85.70% 128,957,939 100.0% 108,970,951 86.32%M6 GROUP - 2012 REGISTRATION DOCUMENT - 101
Page 4:
DisclaimerThis report is an English
Page 8:
M6 GROUP PRESENTATION1. M6 Group pr
Page 13 and 14:
M6 GROUP PRESENTATION1.4.2. 2012 fi
Page 15 and 16:
M6 GROUP PRESENTATION• Another am
Page 17 and 18:
M6 GROUP PRESENTATIONIn total, the
Page 19 and 20:
M6 GROUP PRESENTATIONIndividual Wat
Page 21 and 22:
M6 GROUP PRESENTATION Historic chan
Page 23 and 24:
M6 GROUP PRESENTATIONThe top ten M6
Page 25 and 26:
M6 GROUP PRESENTATIONChange in the
Page 27 and 28:
M6 GROUP PRESENTATIONshown-before s
Page 29 and 30:
M6 GROUP PRESENTATIONIn order to co
Page 31 and 32:
M6 GROUP PRESENTATIONSND was the le
Page 33 and 34:
M6 GROUP PRESENTATIONa) Business pr
Page 35 and 36:
M6 GROUP PRESENTATIONExcerpt of Top
Page 37 and 38:
M6 GROUP PRESENTATIONMistergooddeal
Page 39 and 40:
M6 GROUP PRESENTATIONwill be built
Page 41 and 42:
M6 GROUP PRESENTATIONSTATUTORY ALLO
Page 43 and 44:
M6 GROUP PRESENTATIONHowever, a Gen
Page 45 and 46:
M6 GROUP PRESENTATIONAs a network w
Page 47 and 48:
M6 GROUP PRESENTATIONb) Provisions
Page 49 and 50:
M6 GROUP PRESENTATIONThe amendment
Page 51 and 52: CORPORATE GOVERNANCECORPORATE GOVER
Page 53 and 54: CORPORATE GOVERNANCEMembers of the
Page 55 and 56: CORPORATE GOVERNANCE- Chairman of t
Page 57 and 58: CORPORATE GOVERNANCE- Manager of P7
Page 59 and 60: CORPORATE GOVERNANCEAppointments an
Page 61 and 62: CORPORATE GOVERNANCEDelphine ARNAUL
Page 63 and 64: CORPORATE GOVERNANCEThe missions an
Page 65 and 66: CORPORATE GOVERNANCE- Director of C
Page 67 and 68: CORPORATE GOVERNANCEcharge of imple
Page 69 and 70: CORPORATE GOVERNANCEJérôme Leféb
Page 71 and 72: CORPORATE GOVERNANCEa) Basis of com
Page 73 and 74: CORPORATE GOVERNANCEtwo years of ad
Page 75 and 76: CORPORATE GOVERNANCEb) Free shares
Page 77 and 78: CORPORATE GOVERNANCERobin LEPROUX 2
Page 79 and 80: CORPORATE GOVERNANCE- no family con
Page 81 and 82: CORPORATE GOVERNANCEEight of these
Page 83 and 84: CORPORATE GOVERNANCEMinutes are pre
Page 85 and 86: CORPORATE GOVERNANCEonce a year and
Page 87 and 88: CORPORATE GOVERNANCE• matters rel
Page 89 and 90: CORPORATE GOVERNANCE- Excluding Rob
Page 91 and 92: CORPORATE GOVERNANCE5.1.3 Allocatio
Page 93 and 94: CORPORATE GOVERNANCE- an Ethics Cha
Page 95 and 96: CORPORATE GOVERNANCEAt the balance
Page 97 and 98: CORPORATE GOVERNANCEbecoming famili
Page 99 and 100: CORPORATE GOVERNANCESHARE CAPITAL33
Page 101: SHARE CAPITALStock market performan
Page 105 and 106: SHARE CAPITAL- At least one third o
Page 107 and 108: SHARE CAPITALChange in the number o
Page 109 and 110: SHARE CAPITALTreasury shares alloca
Page 111 and 112: SHARE CAPITALDate of General Meetin
Page 113 and 114: SHARE CAPITALDate of General Meetin
Page 115 and 116: SHARE CAPITALControlled companies h
Page 117 and 118: SHARE CAPITAL3.10.4.4. Identificati
Page 119 and 120: RISK FACTORS AND MANAGEMENTRISK FAC
Page 121 and 122: RISK FACTORS AND MANAGEMENT4.1.2. D
Page 123 and 124: RISK FACTORS AND MANAGEMENT4.1.5. P
Page 125 and 126: RISK FACTORS AND MANAGEMENTIt is po
Page 127 and 128: RISK FACTORS AND MANAGEMENT4.5.3. R
Page 129 and 130: RISK FACTORS AND MANAGEMENTc) Exclu
Page 131 and 132: RISK FACTORS AND MANAGEMENT• the
Page 133 and 134: RISK FACTORS AND MANAGEMENT4.7. Ind
Page 135 and 136: 2012 FINANCIAL REPORT2012 FINANCIAL
Page 137 and 138: 2012 FINANCIAL REPORT5.1.1.2. Conso
Page 139 and 140: 2012 FINANCIAL REPORT5.1.2.2. M6 TV
Page 141 and 142: 2012 FINANCIAL REPORTAdvertising an
Page 143 and 144: 2012 FINANCIAL REPORT- the disposal
Page 145 and 146: 2012 FINANCIAL REPORTthe reliabilit
Page 147 and 148: 2012 FINANCIAL REPORTIt sets and de
Page 149 and 150: 2012 FINANCIAL REPORTParent company
Page 151 and 152: 2012 FINANCIAL REPORT5.4.3. Diversi
Page 153 and 154:
2012 FINANCIAL REPORT2012 FINANCIAL
Page 155 and 156:
2012 FINANCIAL STATEMENTS AND RELAT
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
SUSTAINABLE DEVELOPMENT AND CORPORA
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
COMBINED GENERAL MEETING OF 13 MAY
Page 273 and 274:
COMBINED GENERAL MEETING8.2. Report
Page 275 and 276:
COMBINED GENERAL MEETING8.3. Report
Page 277 and 278:
COMBINED GENERAL MEETINGIn ordinary
Page 279 and 280:
COMBINED GENERAL MEETING- ensure ad
Page 281 and 282:
COMBINED GENERAL MEETINGOTHER INFOR
Page 283 and 284:
OTHER INFORMATION9.4. Person respon
Page 285 and 286:
OTHER INFORMATION14. ADMINISTRATIVE
Page 287 and 288:
OTHER INFORMATIONiv.Reports of the
Page 290:
288 - M6 GROUP - 2012 REGISTRATION
show all

to download the 2012 registration document. - Groupe M6

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?