CHARGEURS PRESS RELEASE
Paris, September 3rd, 2015
On August 28th, 2015, the members of the Concert constituted by Mr. Jérôme Seydoux and the companies he controls, PATHE and OJEJ, and by Mr. Eduardo Malone and the company he controls SOFI EMY, asked to convert into CHARGEURS shares all the convertible bonds issued by CHARGEURS in 2010 that each still owned, that is to say 138,733 convertible bonds.
On a conversion ratio basis of 32 new shares per convertible bond, the members of the Concert now hold 4,439,456 new CHARGEURS shares.
Following the conversion of their bonds into shares:
- Mr. Jérôme Seydoux together with the companies he controls, PATHE and OJEJ, now hold
4,794,021 CHARGEURS shares, ie 21.01% of the capital, representing 4,836,362 voting rights, which are 20.23% of total voting rights. Hence they have crossed above the legal disclosure thresholds of 10%, 15% and 20% of CHARGEURS capital and voting rights.
- Mr. Eduardo Malone, Chairman of the Board of Directors of CHARGEURS, together with the company he controls, SOFI EMY, now hold 1,540,784 CHARGEURS shares, ie 6.75% of the capital, representing 2,244,393 voting rights, which are 9.39% of total voting rights. Hence they have crossed above the 5% legal disclosure threshold.
- As a result, the members of the Concert now hold 6,334,805 CHARGEURS shares, ie 27.76% of the capital, representing 7,080,755 voting rights, which are 29.62% of total voting rights. Consequently the Concert crosses the thresholds of 15%, 20% and 25% of the CHARGEURS capital and voting rights.
On August 31st, only 5,557 bonds remain in circulation, out of the 415,083 initially issued; in case of conversion these would give rise to 177,824 new CHARGEURS shares, which would increase the capital up to 22,999,519 shares. By way of reminder, the deadline to convert bonds into shares is December 22nd, 2015; that is 7 business days before the bonds due date (January, 1st, 2016).
Chargeurs is a global manufacturing and services group with leading positions in four segments: temporary surface protection, technical substrates, garment interlinings, and combed wool. It has nearly 1,600 employees based in 32 countries on five continents, who serve a diversified customer base spanning more than 45 countries. In 2014, consolidated revenue totaled €478 million, of which nearly 93% was generated outside France.
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