Proxy Report - 18/05/2018
Le principal sujet de cette assemblée générale porte sur l'offre publique lancée par Thales sur les titres Gemalto. On rappellera que l'offre de Thales est en fait une surenchère sur l'offre qu'avait faite Atos à Gemalto. Ainsi, cela démontre bien l'intérêt du libre jeu de l'offre et des surenchères qui proposent des conditions plus profitables aux actionnaires. Par ailleurs, cela permet également la constitution de champions nationaux.
En cas de succès de l'offre (c'est à dire en cas d'apport de plus de 67% du capital), à l’issue du règlement-livraison de l’Offre, le Conseil d’administration de Gemalto sera composé de 6 administrateurs : 3 représentants de Thales, 2 administrateurs indépendants ainsi que le directeur général.
La composition du nouveau conseil n'est pas la bienvenue car il ne comprend pas une majorité d'administrateurs indépendants. Or, il est essentiel que les intérêts des actionnaires minoritaires continuent à être défendus et que l'actionnaire de contrôle n'abuse pas de sa position de dominant.
Enfin, il est inacceptable que les actionnaires actuels de Gemalto qui ne souhaitent pas apporter à l'offre courent le risque de se retrouver actionnaires d'une société non cotée (résolution 9.b).
Gemalto is a holding company. Co., through its subsidiaries, provides digital security solutions, mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM) in mobile phones, smart banking cards, electronic passports, and USB tokens for online identity protection. Co. also provides software, systems and services to help its customers achieve their goals. Co. operates in three business segments: Mobile Communication; Secure Transactions; and Security.
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