The board of directors, held on today following the ordinary shareholders' meeting, has decided to implement the transfer to Euronext Growth Paris and the concomitant delisting from the regulated market of Euronext Brussels. Subject to the prior approval of Euronext and the Belgian regulatory authority, these operations would take place within a minimum delay of two months.
The purpose is to list
Conditions of the transfer
Provided this proposal is approved by
Consequences of the transfer
In accordance with the applicable laws,
Periodic financial reporting
The company's annual financial statements, the management report and the statutory auditor's reports on the financial statements must be published no later than four months from the end of the financial year. However, currently, the Company intends to continue publishing this information no later than three months from the end of the financial year.
The company's half-year financial statements and the business report must be published no later than four months from the end of the financial period with a limited review by the statutory auditors. However, currently, the Company intends to continue publishing this information no later than three months from the end of the financial period.
Discretion as to the choice of accounting standards (French or IFRS accounting standards) used to prepare the consolidated financial statements. For the sake of transparency toward its shareholders and investors, the Company intends, currently, to maintain the application of IFRS accounting standards.
Protection of minority shareholders
With respect to changes in their shareholder structure, companies listed on Euronext Growth Paris are only required to disclose to the market the crossing of certain thresholds (upwards or downwards), specifically the thresholds of 50% and 95% of the share capital or voting rights.
Unless an exception applies, the Company's minority shareholders are protected on Euronext Growth Paris by the public offer that becomes mandatory if the threshold of 50% of the share capital or voting rights is crossed, directly or indirectly, alone or in concert.
However, both the law on takeover bids and the obligations to submit threshold-crossing declarations and declarations of intent applicable to companies admitted to trading on a regulated market will continue to be applied for three years from the admission of the Company's shares to trading on Euronext Growth Paris.
Ongoing information
Because Euronext Growth Paris is a multilateral trading facility, the Company will continue to be bound by the applicable provisions on ongoing market information and, more particularly, the provisions of Regulation (EU) No. 596/2014 of
Furthermore, the Company's officers (and persons associated with them) will continue to be required to report transactions in the Company's shares and debt securities.
The Company draws attention to the fact that the transfer to Euronext Growth Paris may result in the liquidity of its share differing from the liquidity observed since they were first listed on the regulated markets of Euronext Paris and Euronext Brussels. This transfer may also lead certain investors who prefer the securities of issuers listed on a regulated market to sell their
The identification code (ISIN) of
For the purposes of its transfer to Euronext Growth Paris,
Indicative timetable for the proposed transfer to Euronext Growth Paris and delisting from Euronext Brussels (subject to the prior approval of Euronext and the FSMA) approval by the ordinary general meeting of the shareholders of the Company of the project of transfer to Euronext Growth Paris and the delisting from Euronext Brussels, meeting of the Board of Directors deciding to implement the authorizations granted by the shareholders' meeting, publication of a press release on the final decision to apply for transfer to Euronext Growth Paris and for delisting of the shares from Euronext Brussels.
Application submitted to Euronext to delist the Company's shares from the regulated markets of Euronext Paris and Euronext Brussels as well as from the Euronext Brussels and concomitant application for direct admission of the shares to Euronext Growth Paris.
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