Faurecia
Statutory Auditors' report on the authorization to grant existing shares or shares to be issued
(General Meeting of June 26, 2020- 23rd resolution)
MAZARS | Ernst & Young Audit |
Tour Exaltis | Tour First - TSA 14444 |
61, rue Henri Regnault | 92037 Paris-La Défense Cedex |
92400 Courbevoie | S.A.S. à capital variable |
S.A. à directoire et conseil de surveillance | 344 366 315 R.C.S. Nanterre |
au capital de € 8.320.000 | Commissaire aux Comptes |
784 824 153 R.C.S. Nanterre | Membre de la compagnie |
Commissaire aux Comptes | régionale de Versailles |
Membre de la compagnie | |
régionale de Versailles |
Statutory Auditors' report on the authorization to grant free existing shares or shares to be issued
(General Meeting of June 26, 2020 - 23rd resolution)
This is a free translation into English of the Statutory Auditors' report issued in French and is provided solely for the convenience of English speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France.
To the Annual General Meeting of Faurecia,
In our capacity as Statutory Auditors of Faurecia and in accordance with the provisions of article L.225-197-1 of the French Commercial Code (Code de commerce), we hereby report to you on the proposed authorization to grant existing shares or shares to be issued to (i) employees of the Company or of companies or economic groups that are directly or indirectly affiliated with it within the meaning of Article L. 225-197-2 of the French Code of Commerce and/or (ii) and/or corporate officers who meet the criteria set by Article L. 225-197-1 of the French Code of Commerce, an operation upon which you are called to express an opinion.
The total number of shares granted under the authorization may not exceed 2,000,000 shares, and the total number of shares that may be granted to the executive corporate officers may not exceed 10% of that amount.
On the basis of the Board of Directors' report, the shareholders are requested to authorize the Board of Directors, for a period of twenty-six (26) months from the date of this meeting, to grant existing shares or shares to be issued.
It is the Board of Directors' responsibility to prepare a report on the proposed transaction. It is our responsibility to report to you on the information provided to you on the proposed transaction.
We performed the procedures that we deemed necessary in accordance with professional standards applicable in France to such engagement. These procedures consisted primarily in verifying that the arrangements proposed and the information provided in the Board of Directors' report comply with the applicable legal provisions.
We have no matters to report on the information provided in the Board of Directors' report concerning the proposed authorization to grant free shares.
Courbevoie and Paris-La Défense, May 15, 2020
The Statutory Auditors
Mazars | Ernst & Young Audit |
Faurecia
Statutory Auditors' report on the authorization to grant existing shares or shares to be issued
Page 2
David Chaudat | Jean-Roch Varon |
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Faurecia SA published this content on 05 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2020 10:40:07 UTC