The First Shareholders General Meeting of the GFE took place on December the 20th of 2002 in Falaise.

The GFE is a Simplified Joint stock Company with a variable capital of 1 500 000€ distributed in 2000 shares.

The capital is variable to allow a greater flexibility of shareholders entries and exits.

The 2000 shares are divided into 2 colleges of shareholders:

> 1000 "A" shares are reserved to the breeders and offer:

- interesting conditions for breedings payment

- preferential reservations for some stallions

- facilitated access to the services suggested by the GFE

- easy access to the GFE interactive communication network

> 1000 "B" shares are proposed to the other professionals and offer:

- a dividend of 6% of the subscribed amount

- facilitated access to the services suggested by the GFE

- easy access to the GFE interactive communication network