CEGID GROUP PRESS RELEASE Cegid Group's 2016 Annual Financial Report will be available on the Company's website www.cegid.fr (in French, link "investisseurs") as of April 28, 2017. The Shareholders' Meeting will be held on Thursday June 29, 2017 at the head office, 52 quai Paul Sédallian, 69009 Lyon (France). Among the items on the agenda is the approval of the financial statements for the year ended December 31, 2016. Cegid Group had previously announced that it would change its dividend distribution policy. In light of the Company's strategy for growth and investment, the Board of Directors believes it is important for the Company to improve its financial flexibility and to focus its financial resources on its operations and on the financing of its plans for capital expenditure and development. As a result, the Board of Directors decided at its meeting of April 27, 2017 to recommend to shareholders that they not pay a dividend on 2016 earnings. The Company's future dividend policy will be based on its financial needs and on its growth and development. Consequently, as the new controlling shareholder Claudius France announced at the time of the tender offer, there can be no guarantee as to the distribution of dividends in future years. The invitation to the Shareholders' Meeting will be published in the Bulletin of Legal Announcements (BALO) by the date required under the law and will include the draft resolutions to be submitted to a shareholder vote during the Meeting. This English translation is for the convenience of English-speaking readers. However, only the French text has legal value. Consequently, the translation may not be relied upon to sustain any legal claim, nor should it be used as the basis of any legal opinion. Cegid Group expressly disclaims all liability for any inaccuracy herein. | |
Cegid Group Financial Communication | Stock market: Euronext Paris Segment B |
Cegid Group | ISIN stock code: FR0000124703 |
52 quai Paul Sédallian | Reuters: CEGI.PA |
69279 Lyon Cedex 09 (France) | Bloomberg: CGD FP |
Tel. +33 (0)4 26 29 50 20 | ICB: 9537 Software |
Indices: CAC ALL SHARES, CAC ALL-TRADABLE, CAC MID & SMALL, CAC SOFT. & C.S., CAC | |
dirfin@cegid.fr/ www.cegid.com | TECHNOLOGY, NEXT 150 |
Cegid Group's 2016 Annual Financial Report will be available on the Company's website www.cegid.fr (in French, link "investisseurs") as of April 28, 2017.
The Shareholders' Meeting will be held on Thursday June 29, 2017 at the head office, 52 quai Paul Sédallian, 69009 Lyon (France). Among the items on the agenda is the approval of the financial statements for the year ended December 31, 2016.
Cegid Group had previously announced that it would change its dividend distribution policy. In light of the Company's strategy for growth and investment, the Board of Directors believes it is important for the Company to improve its financial flexibility and to focus its financial resources on its operations and on the financing of its plans for capital expenditure and development.
As a result, the Board of Directors decided at its meeting of April 27, 2017 to recommend to shareholders that they not pay a dividend on 2016 earnings.
The Company's future dividend policy will be based on its financial needs and on its growth and development. Consequently, as the new controlling shareholder Claudius France announced at the time of the tender offer, there can be no guarantee as to the distribution of dividends in future years.
The invitation to the Shareholders' Meeting will be published in the Bulletin of Legal Announcements (BALO) by the date required under the law and will include the draft resolutions to be submitted to a shareholder vote during the Meeting.
04/27/2017
This English translation is for the convenience of English-speaking readers. However, only the French text has legal value. Consequently, the translation may not be relied upon to sustain any legal claim, nor should it be used as the basis of any legal opinion. Cegid Group expressly disclaims all liability for any inaccuracy herein.
Cegid Group Financial CommunicationCegid Group
52 quai Paul Sédallian
69279 Lyon Cedex 09 (France)
Tel. +33 (0)4 26 29 50 20
dirfin@cegid.fr/ www.cegid.com
Stock market: Euronext Paris Segment B ISIN stock code: FR0000124703 Reuters: CEGI.PA
Bloomberg: CGD FP ICB: 9537 Software
Indices: CAC ALL SHARES, CAC ALL-TRADABLE, CAC MID & SMALL, CAC SOFT. & C.S., CAC TECHNOLOGY, NEXT 150
Cegid Group SA published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 April 2017 17:22:04 UTC.
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