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GL events — Board/Management Information 2019
Dec 19, 2019
1368_iss_2019-12-19_03ce0dfc-12d9-4f21-a73c-42c80614e66e.pdf
Board/Management Information
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OLIVIER GINON REINFORCES HIS HOLDINGS IN THE CAPITAL OF POLYGONE SA
GL EVENTS (ISIN: FR0000066672 - TICKER: GLO), THE INTEGRATED EVENT INDUSTRY GROUP, ANNOUNCES AN INCREASE IN OLIVIER GINON'S EQUITY CAPITAL STAKE IN POLYGONE SA.
On 30 November 2019, Polygone SA1 , GL events' holding company, held 16,357,604 GL events shares or 54.56% of the capital and 64.06% of the voting rights.
Mr. Olivier Roux, the Co-founder and Vice Chairman of GL events, wishes to divest his holdings in the capital of Polygone SA by selling his entire direct and indirect holdings or 15.16% of its capital to Mr. Olivier Ginon.
Mr. Olivier Ginon, GL events' Founder and Chairman-CEO, will acquire these holdings via the two family holding companies he controls.
After working side-by-side with Olivier Ginon for more than 40 years, Olivier Roux, Vice Chairman of the Group, wishes to significantly reduce his operational activities within GL events in order to pursue personal projects. Olivier Roux will remain a director of GL events and will continue to support the Group over the next 18 months to ensure an optimal transition.
In addition, subject to completion of the divestment of his holdings in Polygone SA, Olivier Roux and SC du 3ème étage have undertaken to acquire GL events shares on or off-market no later than 29 May 2020.
A share purchase agreement for the Polygone SA shares has been executed, subject to completion of the condition precedents, notably of a regulatory nature or relating to existing contractual agreements. This transaction, which is expected to be completed in early 2020, will have no impact on Polygone SA' equity capital stake in GL events which will remain unchanged.
Olivier Ginon "thanks Olivier Roux for their partnership of more than 40 years and his personal contribution to the Group's development."
Olivier Roux "thanks Olivier Ginon for their shared professional adventure of the last 40 years and reaffirms his conviction in the Group's future success."
NEXT PRESS RELEASE: ANNUAL REVENUE: 14 JANUARY 2020 (AFTER THE CLOSE OF TRADING)
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1 Polygone's ownership structure breaks down as follows:
- 49.72% held by Olivier Ginon, through Grand Rey SAS,
- 15.16% held by Olivier Roux, through SC du 3e Etage,
- 15.62% held by Sofina,
- 19.5% held by various financial investors
About GL events: The Group is a world-class provider of integrated solutions and services for events operating across the three main market segments: conventions, conferences, congresses; cultural, sports and political events; trade shows / B2B and B2C exhibitions and consumer fairs. GL events' activities are organised into three major business divisions. GL events Live offers expertise covering all business line specialisations and services for corporate, institutional and sports events to provide turnkey solutions from consulting and design to staging the event itself. GL events Exhibitions manages and coordinates the Group's
portfolio of more than 300 proprietary trade fairs covering a wide range of sectors: food industry, culture, textiles/fashion, manufacturing… GL events Venues manages a network of 50 venues (convention and exhibition centres, concert halls and multi-purpose facilities) in France and international destinations.
Present on five continents with operations in more than 20 countries, GL events has 4,500 employees. The Group is listed on Euronext Paris, Compartment B (mid caps).
INVESTOR RELATIONS MEDIA RELATIONS
Sylvain Bechet Tel.: +33 (0)4 72 31 54 20 [email protected]
Stéphanie Stahr Tel.: +33 (0)1 53 48 80 57 [email protected]
ISIN FR0000066672 - BLOOMBERG GLO FP - REUTERS GLTN.PA - FTSE 581 LEI 9695002PXZMQNBPY2P44