4.4 Legal risk - Scor

Distribution of capital (number of shares, % of capital and voting rights) – (i) shareholders having more than 2.5 % of the
registered capital and/or voting rights and (ii) shareholders represented on the Board of Directors (on the basis of a study of
identifiable share bearers ("Titres aux Porteurs Identifiables" – "TPI") conducted by the Company as at 31 December 2010) :
As at 31 December 2010
Number of
shares % of capital % voting rights (1)
Patinex AG (2) 14,000,000 7.45% 7.72%
Alecta Kapitalförvaltning AB (2) 10,630,000 5.66% 5.86%
Malakoff Médéric (2) 5,875,500 3.13% 3.24%
Generali Investments France S,A, (2) 5,349,600 2.85% 2.95%
BlackRock Fund Advisors (formerly Barclays Global) (2) 4,950,900 2.64% 2.73%
Covéa Finance (2) 4,290,500 2.28% 2.37%
MACIF Gestion SA (2) 3,533,900 1.88% 1.95%
BNP Paribas Investment Partners Belgium SA (2) 2,867,700 1.53% 1.58%
BNP Paribas Asset Management (France) 2,204,100 1.17% 1.21%
MATMUT (2) 313,600 0.17% 0.17%
Treasury Shares 6,427,554 3.42% 0.00%
Employees 3,261,869 1.74% 1.80%
Other 124,090,178 66.08% 68.42%
TOTAL 187,795,401 100.00% 100.00%
(1) The percentage of voting rights is determined on the basis of the number of shares at closure, excluding the company’s own treasury shares
(2) Source: TPI and Ipreo
To SCOR knowledge, there was no other shareholder than those indicated in the table above holding more than 2.5% of the
share capital or voting rights of the Company as at 31 December 2012, 31 December 2011 and 31 December 2010.
SCOR regularly conducts TPI searches to find out the number and identity of its bearer shareholders. The results of those
analyses are presented in the following table:
TPI Date December 2009 December 2010 December 2011 December 2012
Number of shareholders 29,049 26,037 22,624 20,618
There is no covenant stipulating preferential terms for the sale or purchase of Ordinary Shares eligible for trading, or for
which application is pending, on a regulated stock market and representing 0.5% or more of our share capital or voting
rights that has been notified to the AMF. No Ordinary Shares have been pledged.
To SCOR’s knowledge, there are no shareholder agreements or other agreements among Company shareholders pursuant
to which they act in concert. To the Group’s knowledge, there have been no transactions between Directors, officers, or
shareholders holding more than 2.5% of the Company’s share capital (or of the company controlling them) and the
Company on terms other than market terms. To its knowledge, except as disclosed above, the Company is not directly or
indirectly owned or controlled by any other corporation, foreign government or any other natural or legal person severally or
jointly and it is not aware of any arrangements, the operation of which may at a subsequent date result in a change of
control of the Company.
To SCOR’s knowledge, the percentage of share capital and voting rights held by its Directors and officers was 3.78% as at
31 December 2012 (31 December 2011: 3.52%).
Pursuant to Article 8 (“Rights attached to each share”) of the bylaws (statuts), each Ordinary Share gives its owner the right
to one vote at the Shareholders’ Meetings and the bylaws (statuts) do not stipulate shares having the right to a double vote.
In addition, there is no statutory limitation on voting rights. Therefore, the shareholders of the Company do not have different
voting rights.
On 16 April 2010, the Group BNP Paribas declared that, on 16 April 2010, it had exceed the registered thresholds of 2.5% of
the capital and voting rights in SCOR and that it held 8,088,101 shares representing 8,088,101 voting rights, or 4.37% of the
capital and voting rights in SCOR.
On 21 April 2010, Amundi Asset Management declared that the three portfolio management companies of group Amundi,
i.e. Amundi, Société Générale Gestion and Etoile Gestion SNC, (i) further to an acquisition made on 16 April 2010, had
exceeded the registered thresholds of 2.5% of the capital and voting rights in SCOR and that they held in their OPCVM
4,723,216 shares and (ii) further to a sale made on 20 April 2010, had fallen below the registered thresholds of 2.5% of the
capital and voting rights in SCOR and that they held in their OPCVM 4,577,623 shares in SCOR.
On 26 April 2010, BNP Paribas Asset Management declared, on behalf of the portfolio management companies of group
BNP Paribas carrying their business under its responsibility, that it had exceed the registered thresholds of 2.5% of the
capital and voting rights in SCOR and that it held, through FCP, SICAV and mandates, 4,990,085 shares in SCOR
representing 2.69% of the capital in SCOR.
On 21 May 2010, the Goldman Sachs Group Inc. declared that, on 17 May 2010, it had fallen below the thresholds of 5% of
the capital and voting rights in SCOR and that it held 9,602,242 shares representing 5.18% of the capital in SCOR.
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