Shareholding
At the end of June 2023, GBL’s share capital totaled EUR 653.1 million, representing 146,700,000 shares.
GBL’s shareholding is characterized by a controlling shareholder, Pargesa SA, which holds 31.0% of the outstanding shares and 45.3% of the voting rights. Pargesa SA 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. The chain of control is presented in detail and illustrated on page 298 of the Annual Report. At end June 2023, GBL held, directly and through its subsidiaries, 9,531,327 GBL shares representing 6.5% of the issued capital.