Shareholding structure as at December 30th, 2011
Sequana’s main shareholders are Exor SA and DLMD, a family-run company controlled and managed by Pascal Lebard.
For the purpose of stabilising the Company’s ownership structure, Exor SA and DLMD signed a shareholders’ agreement to act in concert with respect to Sequana in July 2007, with an initial term of three years.
Upon expiry of this agreement, Exor SA, DLMD and Pascal Lebard entered into a new, automatically renewable one-year agreement on 21 July 2010.
Under the terms of this agreement, DLMD sold 1.59% of its stake to Exor SA on 30 July 2010, reducing DLMD’s interest to 20.22% and increasing Exor SA’s interest to 28.24%, thereby making Exor SA the largest shareholder in Sequana.