Breakdown of share capital (2024)

As a seasoned financial analyst with extensive expertise in corporate finance and equity markets, I've spent years navigating the intricate landscape of publicly traded companies and their ownership structures. My proficiency in deciphering financial reports, analyzing shareholding patterns, and interpreting market dynamics positions me as a reliable source for understanding the complexities of corporate ownership.

Now, let's delve into the breakdown of Kering's share capital as of December 31, 2022, and the subsequent update on 02/22/2023, using the provided information:

1. Ownership Structure:

   • Kering is a multinational group, and as of the given date, 42% of its share capital is owned by Artémis, the holding company controlled by the Pinault family. This familial control suggests a long-term commitment and a strategic influence in the company's decision-making processes.

   • Institutional investors constitute the majority of Kering's ownership, holding 52.1% of the share capital. This indicates a significant level of interest and confidence from large financial institutions, showcasing Kering as an attractive investment option.

   • Treasury shares account for 1.5% of the share capital. These are shares repurchased by the company itself, often indicating a belief in the company's value and a potential tool for capital management.

   • Private individual shareholders, as of December 31, 2022, held 4.2% of the Group’s share capital. This diverse ownership structure, including both institutional and individual investors, reflects a broad investor base.

   • Employee and executive corporate officers collectively hold a minor portion, constituting 0.2% of the share capital. Employee ownership can align interests between the workforce and shareholders, fostering a sense of commitment and motivation.

2. Geographic Distribution of Institutional Investors:

   • French institutions own 7.1% of the share capital, emphasizing local interest and support for the company.

   • Investors residing outside France hold a substantial 45% of the share capital, highlighting Kering's global appeal.

   • North American institutional investors possess 17.8%, underlining significant interest from this region.

   • United Kingdom-based institutional investors own 12%, further diversifying the geographic distribution of ownership.

   • Continental European investors (excluding France) collectively hold 8.4%, with specific contributions from Germany (1.5%), Switzerland (1.6%), and Norway (1.8%).

   • Shareholders from the Asia-Pacific region represent 2.8% of the share capital, showcasing Kering's presence and attractiveness in this dynamic market.

3. Update on 02/22/2023:

   • Unfortunately, the update on 02/22/2023 does not provide specific details on changes in the shareholding structure. Without this information, it's challenging to analyze the dynamics or any shifts that may have occurred in the intervening period.

In conclusion, Kering's shareholding structure reflects a balanced mix of familial control, institutional support, and individual investor participation. The global distribution of ownership signifies Kering's attractiveness on the international stage. Keep in mind that a deeper analysis may require additional financial data and market trends.