ASF - 2002 annual report - Vinci
ASF - 2002 annual report - Vinci
ASF - 2002 annual report - Vinci
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Since its flotation, <strong>ASF</strong> has endeavored to build high-quality relationships with its shareholders.<br />
Its efforts, both at major financial events and in daily dealings, have recently been<br />
recognized by the investor relations community.<br />
Employee ownership<br />
Indice 100<br />
Group employees took up a sub- <strong>ASF</strong> has outperformed the CAC 40 and the SBF 120 indexes<br />
stantial 2.4% share of their compa-<br />
since its IPO<br />
ny's capital at the time of the March<br />
120<br />
<strong>2002</strong> IPO, and more than eight out<br />
110<br />
of ten employees are now shareholders.<br />
By becoming owners of their<br />
100<br />
company, employees demonstrate<br />
90<br />
their confidence in the long-term<br />
80<br />
strength and potential of Europe's<br />
70<br />
leading listed company in the<br />
60<br />
transport infrastructure concession<br />
sector. In return, they benefit from<br />
50<br />
their company's drive to raise ope-<br />
40<br />
27/03/<strong>2002</strong> 27/05/<strong>2002</strong> 27/07/<strong>2002</strong> 27/09/<strong>2002</strong> 27/11/<strong>2002</strong> 27/01/2003<br />
rating performance. From a management<br />
standpoint, employee stock<br />
<strong>ASF</strong> CAC 40 SBF 120<br />
ownership also promotes a conver- gence between employees’ intervidual shareholders fell to approximaests<br />
and those of the company’s tely 200,000. Such attrition is a standard<br />
other shareholders.<br />
feature of the early phase of a company's<br />
stock market experience. It will not<br />
Dilutive instruments<br />
discourage <strong>ASF</strong> from seeking to attract<br />
There are currently no dilutive new individual investors and deploying<br />
instruments in issue.<br />
efforts to retain existing shareholders. A<br />
dedicated individual shareholders<br />
Individual shareholders<br />
department was swiftly put in place in<br />
A survey to identify the holders of bea- <strong>2002</strong>. In its first year of operation this<br />
rer shares, carried out by Euroclear in team was honored with the <strong>2002</strong> Prix<br />
July, allowed <strong>ASF</strong> to pinpoint more des Fils d’Or award, granted by Synerfil<br />
accurately the number and holding and La Vie Financière magazine, for the<br />
patterns of its individual shareholders. Best Shareholder Relations depart-<br />
From the high of 900,000 subscribers at ment among non-CAC 40 companies<br />
the time of the IPO, the number of indi- in the deferred settlement system.