In compliance with the Law of 26 July 1983 on the democratization of the public sector, as the French State holds less than 90 % of the capital of EDF, the Board of Directors comprises eighteen members, including... More than 302 000 shareholders (93 6 % of the voting rights,) including the French government and the employee shareholder FCPE1, chose this second option resulting in the issuance of 26 7 million new shares, representing 1 47 % of the share capital. 1.