There are several types of shares that can be owned: bearer, fully registered shares or administered registered shares.

• Bearer

Your shares are registered with the financial intermediary of your choice. You can therefore group all of the shares in your portfolio together in the same account.

You are not identified by the Company which can nevertheless obtain the list of its bearer shareholders at a given time, by requesting an identifiable bearer security analysis from Euroclear France. You do not systematically receive the file convening the Annual General Meeting, which can be requested from your  intermediary.

• Fully registered shares

Your shares are registered and deposited in the account of the Securities Division of the financial broker mandated by Pierre et Vacances to ensure its fully registered share service:
UPTEVIA
90–110 Esplanade du Général de Gaulle
92931 Paris La Défense Cedex
France Hotline: 08 00 00 75 35
International Hotline: +33 (0)1 49 37 82 36

You are identified by the Company and are notified of Annual General Meetings.

You benefit from free custody fees.

• Administered registered shares

Your shares are registered as for fully-registered shares but they are deposited at the intermediary of your choice.

You benefit from the same advantages as for fully-registered shares exception that custody fees are not free.