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Manitou Group — AGM Information 2010
Jun 25, 2010
1503_iss_2010-06-25_9c4912b7-a933-4cb1-887a-6d993616b26c.pdf
AGM Information
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Ancenis, June 24th, 2010
2010 Shareholder Meeting
Manitou held today its Annual Shareholder meeting at its Ancenis HQ, under the chairmanship of Marcel Braud. During the meeting, Jean-Christophe Giroux, Manitou President & CEO declared: "After a very difficult 2009, we are very happy with all positive signals since the beginning of 2010: business is firming up; results are improving; problems are drifting away. At the same time, Manitou is adapting, is working, is changing – in a nutshell Manitou is progressing. We are on line with our roadmap both in terms of debt reimbursement, breakeven profile and operational improvement. We are proud of these first steps that represent a real promise of success for our customers, our dealers, our partners and our employees."
On another note, family majority shareholders do not wish any notion of capital increase to interfere with their current debates around succession plans. As a consequence, they preferred to postpone all relevant authorizations (resolutions n°7, 8, 9 & 10) to a later Shareholder Meeting. All other resolutions have been approved at today's General Meeting.
Forthcoming Event July 20, 2010: Q3'10 Revenue Corporate information is available at: www.manitou.com Shareholder Information: [email protected]
Listing Codes :
Code ISIN: FR0000038606 • MNO: MTU • Reuter: MANP.PA • Bloomberg code: MTU.FP Indices: SBF 250, NEXT 150, MIDCAC 100