Annual Report 2019

1. General Information

GrandVision N.V. (‘the Company’) is a public limited liability company and is incorporated and domiciled in Haarlemmermeer, the Netherlands. GrandVision N.V. is listed on the Euronext Amsterdam stock exchange. The Company's Chamber of Commerce registration number is 50338269. The address of its registered office is as follows: The Base, Evert van de Beekstraat 1-80, Tower C, 6th floor, 1118 CL Schiphol, the Netherlands.

At 31 December 2019, 76.72% of the issued shares are owned by HAL Optical Investments B.V. and 22.94% by institutional and retail investors, with the remaining shares held by GrandVision's Management Board (0.03%) and in treasury (0.31%). HAL Optical Investments B.V. is indirectly controlled by HAL Holding N.V. All HAL Holding N.V. shares are held by HAL Trust. HAL Trust is listed on the Euronext Amsterdam stock exchange. In July 2019 it was announced that EssilorLuxottica SA, a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses, has reached an agreement with HAL Optical Investments B.V. for the sale of HAL’s 76.72% ownership interest in GrandVision (referred to as ''announced acquisition''). Management believes that it is more likely than not that the acquisition will be completed. Accounting implications of this are included in the notes 5 and 26 to the Consolidated Financial Statements.

GrandVision N.V. and its subsidiaries (together, referred to as ‘the Group’) comprise a number of optical retail chains operated under different retail banners. As of 31 December 2019, the Group, including its associates and joint ventures, operated 7,406 (2018: 7,095) optical retail stores (including franchise stores). The average number of employees within the Group during 2019 (excluding the associates and joint ventures) in full-time equivalents was 34,143 (2018: 32,400).