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4Financial position – resultsStatutory Auditors’ special report on related-party agreements and commitmentsSequana, Arjowiggins and Antalis International have one corporateofficer in common, Pascal Lebard, and Sequana holds more than 10%of Arjowiggins and Antalis International.Memorandum of understanding of 4 June 2012with Exor SA, DLMD, Allianz and Pascal LebardOn 4 June 2012, a Memorandum of understanding was signedbetween Sequana, Fonds Stratégique d’Investissement (FSI),Exor SA, Allianz France, Allianz Vie, Allianz IARD, DLMD,Pascal Lebard (in his own name), BNP Paribas Arbitrage, TheRoyal Bank of Scotland NV and The Royal Bank of Scotland Plc.The agreement defines the terms and conditions under which FSIand Sequana’s main shareholders would subscribe to the capitalincrease and provides for a number of changes to the Company’scorporate governance practices.Exor SA, DLMD and the Allianz group each hold over 10%of the voting rights of Sequana and each has one representativeon Sequana’s Board of Directors. In addition, Pascal Lebard is adirector and Chief Executive Officer of Sequana.Underwriting and placement agreement of 12 June 2012with NatixisOn 12 June 2012, Sequana signed an underwriting and placementagreement with Natixis and Société Générale to set out theterms and conditions for underwriting new share subscriptions aspart of the capital increase.Under this agreement, the portion of the capital increase nottaken up is covered by irrevocable subscription commitments bySociété Générale and Natixis for up to the full amount of theissue. Sequana paid Natixis an underwriting fee of €1,117,070.Laurent Mignon is Chief Executive Officer of Natixis and adirector of Sequana.Agreements and commitments previouslyapproved by the Annual General MeetingWe were not informed of any agreement or commitment that hadalready been approved by the Annual General Meeting whichremained in force during the year ended 31 December 2012.Neuilly-sur-Seine, 30 April 2013The Statutory AuditorsPricewaterhouseCoopers AuditCatherine SabouretConstantin AssociésMember of Deloitte Touche Tohmatsu LimitedJean-Paul Séguret180 | Sequana | 2012 Document de référence (English version)