6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
May 16th, 2007
SCOR
(Exact name of Registrant as specified in its chapter)
1, Avenue du Général de Gaulle
92074 Paris La Défense Cedex, France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): Not Applicable.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated May 16th, 2007
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SCOR
(Registrant)
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By: |
/s/ MARCEL KAHN
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Marcel Kahn, |
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Chief Financial Officer |
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Exhibit 99-1
14 may, 2007
SCOR is the first listed French company to form a Common European Companies Committee
The Management of the SCOR group and the employee representatives, forming a Special
Negotiating Body (SNB), are pleased to announce the adoption today of an Agreement on the
constitution of a SCOR group Common European Companies Committee (Comité Commun de Société
Européenne SCOR or CCSE) on how to involve employees in the transformation into Societas
Europaeas (SE) of the Groups three parent companies (SCOR, SCOR Global P&C and SCOR Global Life).
Demonstrating their rapid integration into the SCOR group, the employee representatives from
Revios, a company acquired by the SCOR group on 21 November 2006, were fully involved in the
negotiations within the SNBs and have approved this agreement.
SCOR is thus the first French listed company to conclude an agreement of this type under European
regulations on Societas Europaea status.
The main points of the agreement concluded with the SNBs are as follows:
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The CCSE is composed of 19 members 11 for SCOR Global Life SE, 6 for SCOR Global P&C SE and 2
for SCOR SE. |
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The CCSE has certain prerogatives in terms of information and consultation: it is informed of the
general situation, the economic and financial outlook and the developments within each SE. It is
consulted on all planned measures considerably affecting the interests of employees in several EU
countries. |
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Employee involvement is guaranteed by the presence on SCORs Board of Directors of an
employee-elected director with the right discussion and vote, elected by Group employees around the
world and appointed for a period of 2 years by means of a proposal from the Board of Directors to
the General Meeting, as well as by a European representative with the right of discussion only,
appointed by the members of the CCSE for a period of 2 years. |
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The CCSE meets at least once every quarter. One extraordinary meeting per year may be requested
by the members of the CCSE or by the Management. |
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The CCSE has an annual budget and its operating expenses are covered by SCOR. |
This agreement demonstrates SCORs desire to treat all of its employees fairly and equally. The
agreement also demonstrates the quality and efficiency of employee/management dialogue within the
SCOR group.
The negotiating process concerning the involvement of employees in the future SEs began in July
2006 with the constitution of the three SNBs, uniting employee representatives from each of the
Groups entities located in the European Union. The SNBs met eight times beginning in 6 July 2006
in order to reach an agreement on employee involvement within the future societas europaeas, i.e.
employee rights relating to information, consultation and participation. Following the acquisition
of Revios in November 2006, the composition of the SNBs was modified to incorporate in January 2007
the employee representatives from Revios entities located in the European Union.
The agreement marks a decisive step in the constitution of Societas Europaeas from the SCOR group.
This process can now be concluded rapidly.
The new legal regime of the Societas Europaea, which was created by a European Directive ruling
dated 8 October 2001 and incorporated into French law by a ruling dated 26 July 2005 as well as by
various application decrees, corresponds perfectly to the development needs of the SCOR groups
structures. Societas Europaea status notably enables SCOR to strengthen the Groups multinational,
European identity, to facilitate its acquisition transactions in Europe, and to improve its
financial flexibility along with its versatility in terms of capital allocation.
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2007 Communications Timetable
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2007 1st quarter Results and General Meeting
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24 May 2007
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Forward looking statements
SCOR does not communicate profit forecasts in the sense of Article 2 of (EC) Regulation
n°809/2004 of the European Commission. Thus, any forward looking statements, contained in this
paragraph, should not be held as corresponding to such profit forecasts.
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Information in this
communication relating to the Tender Offer include forward-looking statements, including but not
limited to statements that are predictions of or indicate future events, trends, plans or
objectives, based on certain assumptions and include any statement which does not directly relate
to a historical fact or current fact. Forward-looking statements are typically identified by words
or phrases such as, without limitation, anticipate, assume, believe, continue, estimate,
expect, foresee, intend, may increase and may fluctuate and similar expressions or by
future or conditional verbs such as, without limitations, will, should, would and could.
Undue reliance should not be placed on such statements, because, by their nature, they are subject
to known and unknown risks, uncertainties and other factors, which may cause actual results, on
the one hand, to differ from any results expressed or implied by the present communication, on the
other hand.
Please refer to SCORs document de référence filed with the AMF on April 10, 2007 under number
D.07-0294 for a description of certain important factors, risks and uncertainties that may affect
the business of the SCOR group.
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