Etude de l'AG du 29/06/2017
Il est proposé de nommer Philippine François, fille de Jérôme François, Président du directoire, comme membre du conseil de surveillance pour une durée de 6 ans. L'élargissement du conseil est une bonne initiative puisqu'il n'était composé que de 3 membres. Cependant, la famille François, principal actionnaire de la société, est déjà représentée au sein du conseil. Par ailleurs, la durée de mandat de 6 ans ne permet pas aux actionnaires de se prononcer de manière assez régulière sur la composition du conseil. Par conséquent, la résolution 1 ne sera pas soutenue.
Autorisée en période d'offre publique, la demande de rachat d'actions ne pourra également pas être approuvée (résolution 2). En revanche, la proposition de division du nominal de l'action par 4 est la bienvenue au regard du cours du titre assez élevé. Cette décisison devrait permettre d'améliorer la liquidité de l'action (résolution 6).
Tonnellerie Francois Freres S.A.. TFF Group, formerly Tonnellerie Francois Freres SA, is a France-based company that manufactures and distributes oak barrels that are used to conserve and transport liquids. The Company has four core businesses: stave milling, cooperage, cask manufacturing and oak wine-aging products. Tonnellerie Francois Freres SA also offers oak products for oenology, where the wine is put in contact with wood in varied forms, and has developed products for the alcohol maturing and aging market, especially the whisky market. The Company offers four brands of barrels: Exclusif, Privilege, Classique and Horizon. As of December 31, 2011, Tonnellerie Francois Freres SA operated through its subsidiaries, including: Sogibois, Bouyoud, Treuil, Francois Inc, Classic Oak New Zealand, Demptos Napa, among others. The Company has operating units in France, the United States, Spain, Hungary, South Africa, China, New Zealand, Australia and Ireland. In May 2016, the Company acquired metal manufacturer SAS Lejeune.
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