REXEL DDR 2017 VA (355/356)

REXEL DDR 2017 VAREXEL DDR 2017 VA (355/356)REXEL DDR 2017 VA - (1/356)REXEL DDR 2017 VA - (2/356)REXEL DDR 2017 VA - (3/356)REXEL DDR 2017 VA - (4/356)REXEL DDR 2017 VA - (5/356)REXEL DDR 2017 VA - GENERAL INFORMATION (6/356)REXEL DDR 2017 VA - INDEX (7/356)REXEL DDR 2017 VA - 1 OVERVIEW OF THE REXEL GROUP (8/356)REXEL DDR 2017 VA - (9/356)REXEL DDR 2017 VA - MESSAGE FROM PATRICK BERARD (10/356)REXEL DDR 2017 VA - (11/356)REXEL DDR 2017 VA - GROUP KEY FIGURES (12/356)REXEL DDR 2017 VA - (13/356)REXEL DDR 2017 VA - GLOBAL FOOTPRINT (14/356)REXEL DDR 2017 VA - (15/356)REXEL DDR 2017 VA - 1.1 KEY CONSOLIDATED FIGURES (16/356)REXEL DDR 2017 VA - (17/356)REXEL DDR 2017 VA - 1.2 HISTORY AND DEVELOPMENT - 1.2.1 Corporate name - 1.2.2 Place and number of registration - 1.2.3 Date and term of incorporation - 1.2.4 Registered office, legal form, and applicable law - 1.2.5 History of the Rexel Group (18/356)REXEL DDR 2017 VA - 1.3 RECENT ACQUISITIONS AND DISPOSALS - 1.4 BUSINESS AND STRATEGY (19/356)REXEL DDR 2017 VA - 1.4.1 Rexel Group’s Markets (20/356)REXEL DDR 2017 VA - (21/356)REXEL DDR 2017 VA - 1.4.2 The Rexel Group’s businesses and competitive advantages (22/356)REXEL DDR 2017 VA - (23/356)REXEL DDR 2017 VA - (24/356)REXEL DDR 2017 VA - (25/356)REXEL DDR 2017 VA - (26/356)REXEL DDR 2017 VA - 1.4.3 The Rexel Group’s strategy (27/356)REXEL DDR 2017 VA - (28/356)REXEL DDR 2017 VA - 1.4.4 Research and development, patents and licenses (29/356)REXEL DDR 2017 VA - 1.5 ORGANIZATION - 1.5.1 Organizational chart - 1.5.2 Principal subsidiaries as of December 31, 2017 (30/356)REXEL DDR 2017 VA - (31/356)REXEL DDR 2017 VA - (32/356)REXEL DDR 2017 VA - 1.6 PROPERTY AND EQUIPMENT - 1.7 INVESTMENTS - 1.7.1 Investments completed (33/356)REXEL DDR 2017 VA - 1.7.2 Principal investments underway - 1.7.3 Principal investments contemplated - 1.8 REGULATIONS - 1.8.1 Product liability - 1.8.2 Environmental regulations (34/356)REXEL DDR 2017 VA - (35/356)REXEL DDR 2017 VA - 2 RISK FACTORSAND INTERNAL CONTROL (36/356)REXEL DDR 2017 VA - (37/356)REXEL DDR 2017 VA - 2.1 RISK FACTORS - 2.1.1 Risks relating to the industry (38/356)REXEL DDR 2017 VA - (39/356)REXEL DDR 2017 VA - (40/356)REXEL DDR 2017 VA - (41/356)REXEL DDR 2017 VA - 2.1.2 Legal and regulatory risks (42/356)REXEL DDR 2017 VA - (43/356)REXEL DDR 2017 VA - 2.1.3 Risks relating to the Rexel Group’s financing (44/356)REXEL DDR 2017 VA - (45/356)REXEL DDR 2017 VA - 2.1.4 Market risks (46/356)REXEL DDR 2017 VA - (47/356)REXEL DDR 2017 VA - 2.2 INSURANCE (48/356)REXEL DDR 2017 VA - 2.3 INTERNAL CONTROL AND RISK MANAGEMENT PROCEDURES - 2.3.1 Control environment (49/356)REXEL DDR 2017 VA - 2.3.2 Risk management system (50/356)REXEL DDR 2017 VA - 2.3.3 Control activities (51/356)REXEL DDR 2017 VA - 2.3.4 Internal communication of relevant and reliable information - 2.3.5 Steering and monitoring of the internal control system (52/356)REXEL DDR 2017 VA - 2.3.6 Internal control procedures relating to the preparation and treatment of accounting and financial information (53/356)REXEL DDR 2017 VA - (54/356)REXEL DDR 2017 VA - (55/356)REXEL DDR 2017 VA - 3 CORPORATE GOVERNANCE (56/356)REXEL DDR 2017 VA - (57/356)REXEL DDR 2017 VA - 3.1 ADMINISTRATION BODIES AND MANAGEMENT - 3.1.1 Board of Directors (58/356)REXEL DDR 2017 VA - (59/356)REXEL DDR 2017 VA - (60/356)REXEL DDR 2017 VA - (61/356)REXEL DDR 2017 VA - (62/356)REXEL DDR 2017 VA - (63/356)REXEL DDR 2017 VA - (64/356)REXEL DDR 2017 VA - (65/356)REXEL DDR 2017 VA - (66/356)REXEL DDR 2017 VA - (67/356)REXEL DDR 2017 VA - (68/356)REXEL DDR 2017 VA - (69/356)REXEL DDR 2017 VA - (70/356)REXEL DDR 2017 VA - (71/356)REXEL DDR 2017 VA - (72/356)REXEL DDR 2017 VA - (73/356)REXEL DDR 2017 VA - (74/356)REXEL DDR 2017 VA - (75/356)REXEL DDR 2017 VA - (76/356)REXEL DDR 2017 VA - (77/356)REXEL DDR 2017 VA - (78/356)REXEL DDR 2017 VA - (79/356)REXEL DDR 2017 VA - (80/356)REXEL DDR 2017 VA - 3.1.2 Committees of the Board of Directors (81/356)REXEL DDR 2017 VA - (82/356)REXEL DDR 2017 VA - (83/356)REXEL DDR 2017 VA - (84/356)REXEL DDR 2017 VA - (85/356)REXEL DDR 2017 VA - (86/356)REXEL DDR 2017 VA - 3.1.3 Executive Management - 3.1.4 Executive Committee - 3.1.5 Statements concerning the Board of Directors (87/356)REXEL DDR 2017 VA - 3.1.6 Conflicts of interest - 3.1.7 Service agreements between Directors and Rexel or one of its subsidiaries - 3.2 COMPENSATION OF CORPORATE OFFICERS - 3.2.1 Compensation of Non-Executive Corporate Officers (Directors) (88/356)REXEL DDR 2017 VA - 3.2.2 Compensation policy applicable to Corporate Officers for the 2018 financial year submitted to the approval of the shareholders (Article L.225-37-2 of the French Commercial Code (89/356)REXEL DDR 2017 VA - (90/356)REXEL DDR 2017 VA - (91/356)REXEL DDR 2017 VA - (92/356)REXEL DDR 2017 VA - (93/356)REXEL DDR 2017 VA - (94/356)REXEL DDR 2017 VA - (95/356)REXEL DDR 2017 VA - (96/356)REXEL DDR 2017 VA - (97/356)REXEL DDR 2017 VA - (98/356)REXEL DDR 2017 VA - 3.2.3 Individual compensation of the corporate officers for the financial year 2017 (99/356)REXEL DDR 2017 VA - (100/356)REXEL DDR 2017 VA - (101/356)REXEL DDR 2017 VA - (102/356)REXEL DDR 2017 VA - (103/356)REXEL DDR 2017 VA - (104/356)REXEL DDR 2017 VA - (105/356)REXEL DDR 2017 VA - (106/356)REXEL DDR 2017 VA - (107/356)REXEL DDR 2017 VA - (108/356)REXEL DDR 2017 VA - (109/356)REXEL DDR 2017 VA - (110/356)REXEL DDR 2017 VA - (111/356)REXEL DDR 2017 VA - (112/356)REXEL DDR 2017 VA - (113/356)REXEL DDR 2017 VA - (114/356)REXEL DDR 2017 VA - 3.2.4 Fixed, variable and exceptional components making up the total compensation and benefits of all kinds submitted to the approval of the shareholders (Article L.225-100 of the French Commercial Code) (115/356)REXEL DDR 2017 VA - (116/356)REXEL DDR 2017 VA - (117/356)REXEL DDR 2017 VA - (118/356)REXEL DDR 2017 VA - (119/356)REXEL DDR 2017 VA - 3.3 RELATED PARTY TRANSACTIONS - 3.3.1 Main related-party transactions (120/356)REXEL DDR 2017 VA - 3.3.2 Agreements between the executives or shareholders of Rexel and Rexel’s subsidiaries (121/356)REXEL DDR 2017 VA - 3.3.3 Special reports of the Statutory Auditors in relation to the related party agreements (122/356)REXEL DDR 2017 VA - (123/356)REXEL DDR 2017 VA - (124/356)REXEL DDR 2017 VA - 3.4 INSIDER TRADING POLICY - 3.5 IMPLEMENTATION OF THE AFEP-MEDEF CORPORATE GOVERNANCE CODE FOR LISTED COMPANIES – PARAGRAPH 27.1 (125/356)REXEL DDR 2017 VA - 3.6 DEEDS OF INCORPORATION AND BY-LAWS - 3.6.1 Corporate purpose (article 3 of the by-laws) - 3.6.2 Management and administration bodies (articles 14 to 23 of the by-laws) (126/356)REXEL DDR 2017 VA - (127/356)REXEL DDR 2017 VA - (128/356)REXEL DDR 2017 VA - (129/356)REXEL DDR 2017 VA - (130/356)REXEL DDR 2017 VA - 3.6.3 Rights and obligations attached to the shares (articles 8, 9, 11, 12 and 13 of the by-laws) (131/356)REXEL DDR 2017 VA - 3.6.4 Changes to Shareholders’ rights - 3.6.5 Shareholders’ meetings (articles 25 to 33 of the by-laws) (132/356)REXEL DDR 2017 VA - (133/356)REXEL DDR 2017 VA - (134/356)REXEL DDR 2017 VA - 3.6.6 Provisions likely to have an impact on the control of Rexel - 3.6.7 Identification of shareholders and ownership threshold disclosures (articles 10 and 11 of the by-laws) - 3.6.8 Special provisions governing changes to share capital (article 7 of the by-laws) - 3.7 SHAREHOLDERS - 3.7.1 Principal shareholders (135/356)REXEL DDR 2017 VA - 3.7.2 Share capital and voting rights (136/356)REXEL DDR 2017 VA - (137/356)REXEL DDR 2017 VA - (138/356)REXEL DDR 2017 VA - (139/356)REXEL DDR 2017 VA - (140/356)REXEL DDR 2017 VA - (141/356)REXEL DDR 2017 VA - (142/356)REXEL DDR 2017 VA - (143/356)REXEL DDR 2017 VA - (144/356)REXEL DDR 2017 VA - (145/356)REXEL DDR 2017 VA - 3.7.3 Shareholders’ voting rights - 3.7.4 Control structure - 3.7.5 Agreements potentially leading to a change of control (146/356)REXEL DDR 2017 VA - 3.8 SHARE CAPITAL - 3.8.1 Subscribed share capital and authorized but unissued share capital (147/356)REXEL DDR 2017 VA - (148/356)REXEL DDR 2017 VA - (149/356)REXEL DDR 2017 VA - 3.8.2 Securities not representative of share capital - 3.8.3 Treasury shares and purchase by Rexel of its own shares (150/356)REXEL DDR 2017 VA - (151/356)REXEL DDR 2017 VA - (152/356)REXEL DDR 2017 VA - 3.8.4 Other securities giving access to the share capital (153/356)REXEL DDR 2017 VA - 3.8.5 Changes in share capital (154/356)REXEL DDR 2017 VA - (155/356)REXEL DDR 2017 VA - 3.8.6 Pledges, guarantees and security interests - 3.9 OTHER ELEMENTS THAT MAY HAVE AN IMPACT IN CASE OF TENDER OFFER - 3.9.1 Control mechanisms in relation to employee shareholding (156/356)REXEL DDR 2017 VA - 3.9.2 Agreements entered into by Rexel to be amended or terminated in case of change of control (157/356)REXEL DDR 2017 VA - 4 CORPORATERESPONSIBILITY (158/356)REXEL DDR 2017 VA - (159/356)REXEL DDR 2017 VA - (160/356)REXEL DDR 2017 VA - 4.1 SOCIETAL INFORMATION - 4.1.1 Interacting with stakeholders (161/356)REXEL DDR 2017 VA - 4.1.2 Impact on local economic and social development (162/356)REXEL DDR 2017 VA - 4.1.3 Charities and Sponsorship (163/356)REXEL DDR 2017 VA - 4.2 VIGILANCE PLAN (164/356)REXEL DDR 2017 VA - (165/356)REXEL DDR 2017 VA - 4.3 EMPLOYEE-RELATED INFORMATION - 4.3.1 Workforce (166/356)REXEL DDR 2017 VA - (167/356)REXEL DDR 2017 VA - 4.3.2 Employment and integration (168/356)REXEL DDR 2017 VA - 4.3.3 Attractiveness of the Company for employees (169/356)REXEL DDR 2017 VA - (170/356)REXEL DDR 2017 VA - (171/356)REXEL DDR 2017 VA - 4.3.4 Training and skills management (172/356)REXEL DDR 2017 VA - (173/356)REXEL DDR 2017 VA - 4.3.5 Employee engagement (174/356)REXEL DDR 2017 VA - 4.3.6 The Rexel Group’s commitment to ethics - 4.3.7 Note on methodology (175/356)REXEL DDR 2017 VA - 4.4 ENVIRONMENTAL INFORMATION - 4.4.1 The Rexel Group’s environmental policy (176/356)REXEL DDR 2017 VA - (177/356)REXEL DDR 2017 VA - (178/356)REXEL DDR 2017 VA - 4.4.2 Risk management and regulatory compliance (179/356)REXEL DDR 2017 VA - (180/356)REXEL DDR 2017 VA - 4.4.3 Environmental aspects of the Rexel Group activities (181/356)REXEL DDR 2017 VA - (182/356)REXEL DDR 2017 VA - (183/356)REXEL DDR 2017 VA - (184/356)REXEL DDR 2017 VA - (185/356)REXEL DDR 2017 VA - (186/356)REXEL DDR 2017 VA - (187/356)REXEL DDR 2017 VA - 4.4.4 Energy efficiency and renewable energy solutions range - 4.4.5 Note on methodology and summary table (188/356)REXEL DDR 2017 VA - (189/356)REXEL DDR 2017 VA - (190/356)REXEL DDR 2017 VA - (191/356)REXEL DDR 2017 VA - 4.5 INDEPENDENT VERIFIER’S REPORT (192/356)REXEL DDR 2017 VA - (193/356)REXEL DDR 2017 VA - (194/356)REXEL DDR 2017 VA - (195/356)REXEL DDR 2017 VA - 5 FINANCIAL AND ACCOUNTING INFORMATION (196/356)REXEL DDR 2017 VA - (197/356)REXEL DDR 2017 VA - (198/356)REXEL DDR 2017 VA - (199/356)REXEL DDR 2017 VA - 5.1 ACTIVITY REPORT - 5.1.1 Operating and financial review and prospects (200/356)REXEL DDR 2017 VA - (201/356)REXEL DDR 2017 VA - (202/356)REXEL DDR 2017 VA - (203/356)REXEL DDR 2017 VA - (204/356)REXEL DDR 2017 VA - (205/356)REXEL DDR 2017 VA - (206/356)REXEL DDR 2017 VA - (207/356)REXEL DDR 2017 VA - (208/356)REXEL DDR 2017 VA - (209/356)REXEL DDR 2017 VA - 5.1.2 Liquidity and capital resources (210/356)REXEL DDR 2017 VA - (211/356)REXEL DDR 2017 VA - (212/356)REXEL DDR 2017 VA - 5.1.3 Outlook (213/356)REXEL DDR 2017 VA - 5.1.4 Dividend policy - 5.1.5 Significant changes in the issuer’s financial or commercial position - 5.1.6 Information on payment terms granted to suppliers and customers of Rexel (end of the 2017 financial year) (214/356)REXEL DDR 2017 VA - (215/356)REXEL DDR 2017 VA - 5.2 CONSOLIDATED FINANCIAL STATEMENTS - 5.2.1 Consolidated financial statements as of December 31, 2017 (216/356)REXEL DDR 2017 VA - (217/356)REXEL DDR 2017 VA - (218/356)REXEL DDR 2017 VA - (219/356)REXEL DDR 2017 VA - (220/356)REXEL DDR 2017 VA - (221/356)REXEL DDR 2017 VA - (222/356)REXEL DDR 2017 VA - (223/356)REXEL DDR 2017 VA - (224/356)REXEL DDR 2017 VA - (225/356)REXEL DDR 2017 VA - (226/356)REXEL DDR 2017 VA - (227/356)REXEL DDR 2017 VA - (228/356)REXEL DDR 2017 VA - (229/356)REXEL DDR 2017 VA - (230/356)REXEL DDR 2017 VA - (231/356)REXEL DDR 2017 VA - (232/356)REXEL DDR 2017 VA - (233/356)REXEL DDR 2017 VA - (234/356)REXEL DDR 2017 VA - (235/356)REXEL DDR 2017 VA - 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(271/356)REXEL DDR 2017 VA - (272/356)REXEL DDR 2017 VA - 5.2.2 Report of the Statutory Auditors’ Report on the consolidated financial statementsfor the financial year ended December 31, 2017 (273/356)REXEL DDR 2017 VA - (274/356)REXEL DDR 2017 VA - (275/356)REXEL DDR 2017 VA - (276/356)REXEL DDR 2017 VA - (277/356)REXEL DDR 2017 VA - 5.3 COMPANY FINANCIAL STATEMENTS - 5.3.1 Company financial statements as at December 31, 2017 (278/356)REXEL DDR 2017 VA - (279/356)REXEL DDR 2017 VA - (280/356)REXEL DDR 2017 VA - (281/356)REXEL DDR 2017 VA - (282/356)REXEL DDR 2017 VA - (283/356)REXEL DDR 2017 VA - (284/356)REXEL DDR 2017 VA - (285/356)REXEL DDR 2017 VA - (286/356)REXEL DDR 2017 VA - (287/356)REXEL DDR 2017 VA - (288/356)REXEL DDR 2017 VA - (289/356)REXEL DDR 2017 VA - (290/356)REXEL DDR 2017 VA - (291/356)REXEL DDR 2017 VA - (292/356)REXEL DDR 2017 VA - (293/356)REXEL DDR 2017 VA - (294/356)REXEL DDR 2017 VA - (295/356)REXEL DDR 2017 VA - (296/356)REXEL DDR 2017 VA - 5.3.2 Report of the Statutory Auditors on the company financial statements for the financial year ended December 31, 2017 (297/356)REXEL DDR 2017 VA - (298/356)REXEL DDR 2017 VA - (299/356)REXEL DDR 2017 VA - (300/356)REXEL DDR 2017 VA - (301/356)REXEL DDR 2017 VA - 6 COMBINED SHAREHOLDERS’ MEETING OF MAY 24, 2018 (302/356)REXEL DDR 2017 VA - (303/356)REXEL DDR 2017 VA - 6.1 REPORT OF THE BOARD OF DIRECTORS TO THE COMBINED SHAREHOLDERS’ MEETING OF MAY 24, 2018 (304/356)REXEL DDR 2017 VA - (305/356)REXEL DDR 2017 VA - (306/356)REXEL DDR 2017 VA - (307/356)REXEL DDR 2017 VA - (308/356)REXEL DDR 2017 VA - (309/356)REXEL DDR 2017 VA - (310/356)REXEL DDR 2017 VA - (311/356)REXEL DDR 2017 VA - (312/356)REXEL DDR 2017 VA - (313/356)REXEL DDR 2017 VA - (314/356)REXEL DDR 2017 VA - (315/356)REXEL DDR 2017 VA - (316/356)REXEL DDR 2017 VA - (317/356)REXEL DDR 2017 VA - (318/356)REXEL DDR 2017 VA - (319/356)REXEL DDR 2017 VA - (320/356)REXEL DDR 2017 VA - (321/356)REXEL DDR 2017 VA - (322/356)REXEL DDR 2017 VA - (323/356)REXEL DDR 2017 VA - (324/356)REXEL DDR 2017 VA - 6.2 TEXT OF THE DRAFT RESOLUTIONS (325/356)REXEL DDR 2017 VA - (326/356)REXEL DDR 2017 VA - (327/356)REXEL DDR 2017 VA - (328/356)REXEL DDR 2017 VA - (329/356)REXEL DDR 2017 VA - (330/356)REXEL DDR 2017 VA - (331/356)REXEL DDR 2017 VA - (332/356)REXEL DDR 2017 VA - (333/356)REXEL DDR 2017 VA - (334/356)REXEL DDR 2017 VA - (335/356)REXEL DDR 2017 VA - (336/356)REXEL DDR 2017 VA - (337/356)REXEL DDR 2017 VA - 7 PERSON RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND STATUTORY AUDITORS (338/356)REXEL DDR 2017 VA - (339/356)REXEL DDR 2017 VA - 7.1 PERSON RESPONSIBLE FOR THE REGISTRATION DOCUMENT - 7.1.1 Person responsible for the Registration document - 7.1.2 Responsibility statement - 7.1.3 Person responsible for the financial communication - 7.1.4 Indicative financial information timetable (340/356)REXEL DDR 2017 VA - 7.2 STATUTORY AUDITORS - 7.2.1 Acting Statutory Auditors - 7.2.2 Deputy Statutory Auditors (341/356)REXEL DDR 2017 VA - 8 CORRELATION TABLES (342/356)REXEL DDR 2017 VA - (343/356)REXEL DDR 2017 VA - 8.1 CORRELATION TABLE WITH REGULATION (EC) 809/2004 (344/356)REXEL DDR 2017 VA - (345/356)REXEL DDR 2017 VA - (346/356)REXEL DDR 2017 VA - (347/356)REXEL DDR 2017 VA - 8.2 CORRELATION TABLE WITH THE ANNUAL FINANCIAL REPORT (348/356)REXEL DDR 2017 VA - 8.3 CORRELATION TABLE WITH MANAGEMENT REPORT (INCLUDING THE REPORT ON CORPORATE GOVERNANCE) (349/356)REXEL DDR 2017 VA - 8.4 CORRELATION TABLE WITH THE INFORMATION ON CORPORATE AND ENVIRONMENTAL RESPONSIBILITY (350/356)REXEL DDR 2017 VA - (351/356)REXEL DDR 2017 VA - 8.5 CORRELATION TABLE WITH ALL TEN PRINCIPLES OF THE UNITED NATIONS GLOBAL COMPACT (352/356)REXEL DDR 2017 VA - 8.6 CORRELATION TABLE WITH THE PILLARS OF REXEL SUSTAINABLE DEVELOPMENT STRATEGY (353/356)REXEL DDR 2017 VA - (354/356)REXEL DDR 2017 VA - (355/356)REXEL DDR 2017 VA - (356/356) LABEL BRONZE This document was produced in France by an IMPRIM’VERT certified printer on a recycled “cocoon” paper.® Photo credits: cover: © Mike Tauber/gal lery stock – Chapter 1: © Rexel/Capa Pictures/Pierre Olivier – Chapters 2, 3, 6 and 8: © Rexel/Capa Pictures/Franck Rogozienski – Chapter 4: © Rexel – Chapters 5 and 7: © Rexel/Thomas Lang Designed & publ ished by +33 (0)1 40 55 16 66