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Manitou Group — AGM Information 2014
Apr 24, 2014
1503_iss_2014-04-24_d21d0cb1-3ee0-4402-b784-9adc2dbc9ce4.pdf
AGM Information
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The Manitou Group celebrates the 30 anniversary of its IPO
- Manitou, THE Material-Handling Reference, opened its share capital on the stock market in 1984
- Today, 65% of the company's share capital remains held by the founding family and 35% is traded on the stock market
- In 30 years, the share value has been multiplied by 12
April 24, 2014, Paris, France – The Manitou Group, THE Material-Handling Reference and market leader, celebrates the 30th anniversary of its market listing by ringing the stock market's opening bell.
Marcel Braud, Chairman of the Board of directors stated: "The decision taken in 1984 to open our capital illustrated our commitment to project ourselves into the medium and long term future and continue to ensure the group's development both profitably and sustainably".
Jacqueline Himsworth, Vice-Chairperson of the Board, added: "By strengthening the group's financial structure, we were able to guarantee the investments which were indispensable for our growth, both technologically and geographically, and associate investors, partners and employees with the fantastic Manitou adventure started by our family".
Eric Forest, Chairman and CEO of EnterNext, added: "We are absolutely delighted to join Manitou in celebrating its 30th year on the market. The entire EnterNext team is proud of the group's development and growth over the years—a performance that illustrates both the strength of France's industrial base and the true role of the stock exchange, serving the national economy and business. EnterNext looks forward to working with Manitou as it tackles the next challenge".
The Manitou group maintains huge potential for growth and profitability due to its international presence and its ability to innovate in growth markets such as the environment, mining, army, the oil and gas industry, etc. It's now considered to be a key player in construction, agriculture and industry in general.
The share price, which amounted to nearly 1 euro during its IPO, experienced 12-fold growth in its value in 30 years.
Manitou, the Material-Handling Reference, is headquartered in Ancenis (in the Loire-Atlantic region of France). The group designs, manufactures and distributes materialhandling solutions for the construction, agricultural and industrial sectors. Manitou realized a revenue in 2013 of €1,176m (nearly three fourths of which internationally) under the brand names Manitou®, Gehl®, Mustang®, Loc® and Edge®, through 1,400 independent dealers in over 120 countries. At December 31, 2013, Manitou had over 3,200 employees, of which 40% were based outside of France.
Forthcoming event June 5, 2014: Shareholders' meeting
Company information is available at: www.manitou-group.com Shareholder information: [email protected]
ISIN code: FR0000038606 Indexes: CAC Mid & Small, CAC Small, CAC All-Tradable, NEXT 150
About EnterNext
Launched in May 2013, EnterNext is the subsidiary of the Euronext Group designed to develop and promote its stock markets specifically for small and medium-size enterprises (SMEs). Drawing on its pan-European presence, EnterNext brings together all Euronext Group initiatives for companies with market capitalisations under €1 billion, including companies listed in the B and C compartments of its regulated European markets and on Alternext, the market tailored to the needs of SMEs. EnterNext plays an active role in facilitating SMEs' access to financial markets, helping them generate the funds they need to grow at regional, national and pan-European level. Euronext is a wholly owned subsidiary of IntercontinentalExchange Group (ICE).
About Euronext
Euronext is the primary exchange in the Euro zone with over 1,300 issuers worth €2.6 trillion in market capitalization, an unmatched blue chip franchise consisting of 20+ issuers in the EURO STOXX 50® benchmark, and a strong diverse domestic and international client base.
Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise of running markets by providing technology and managed services to third parties. Euronext operates regulated markets, Alternext and the Free Market; in addition it offers EnterNext, which facilitates SMEs' access to capital markets.
Euronext is a wholly owned subsidiary of IntercontinentalExchange Group (ICE).
Euronext: Hélène Dautrevaux (Paris): +33 1 49 27 10 82 [email protected]