Shareholding
As at November 30, 2021 GBL’s share capital amounts to EUR 653.1 million, represented by 156,355,000 shares.
GBL’s shareholding is characterized by a controlling shareholder, Pargesa S.A., which holds 29.13% of the outstanding shares and 44.23% of the voting rights. Pargesa S.A. itself is held jointly by the Power Corporation of Canada (Canada) and Frère (Belgium) groups, providing GBL with a stable and solid shareholder base. Since 1990, the two groups have been bound by a shareholders’ agreement. This agreement, which was extended in December 2012, until 2029, includes an extension possibility going forward.
As at November 30, 2021, GBL held 7,283,102 GBL shares directly and through its subsidiaries, representing 4.66% of the issued capital.