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Mr Bricolage — Major Shareholding Notification 2016
Jul 11, 2016
1535_iss_2016-07-11_182d770d-9cab-4fd8-a200-0dc7d58aed1a.pdf
Major Shareholding Notification
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Reorganization of Mr Bricolage SA's majority shareholding structure finalized ANPF: leading shareholder with 65.20% of the capital and 73.23% of voting rights
Mr Bricolage SA, which groups independent DIY stores (838 stores in 12 countries, with a 2015 volume of sales incl. taxes of €2.16 billion), has finalized the reorganization of its majority shareholding structure by strengthening the position of its shareholder members.
In line with the plans announced on 2 June 2016, ANPF, the company owned by Mr.Bricolage network member shareholders, has acquired, through SIMB, its fully-owned subsidiary, 2,350,000 Mr Bricolage SA shares from the Tabur family, further strengthening its indirect interest, up from 42.58% to 65.20% of the capital and from 50.01% to 73.23% of the voting rights of Mr Bricolage SA.
This acquisition is based on a price per share of €14.70, representing a total of €34.5 million.
This operation has been financed through equity for €5.7 million, alongside a €28.8 million bank loan taken out by SIMB to cover the balance with Caisse d'Epargne Loire-Centre, appointed as the arranger and agent, as well as Crédit Agricole Centre Loire, Caisse d'Epargne Midi-Pyrénées, Bpifrance Centre, CIC Ouest and BNP Paribas.
This operation will ensure the continued stability of Mr Bricolage SA's shareholding structure, enabling its leadership team to focus exclusively on the Group's operational development.
ANPF has made a commitment to vote at the upcoming general meeting to renew Michel Tabur's directorship for six years; he will retain 3.28% of Mr Bricolage SA's capital in order to continue supporting the Group with its development as a shareholder.
The new breakdown of Mr Bricolage SA's capital and voting rights is as follows:
| No. of shares | % | No. of voting rights |
% | |
|---|---|---|---|---|
| SIMB | 3,662,675 | 35.26% | 7,325,350 | 48.23% |
| SIMB acquisition | 2,350,000 | 22.62% | 2,350,000 | 15.47% |
| SIFA | 565,000 | 5.44% | 1,130,000 | 7.44% |
| SIFI | 195,807 | 1.88% | 315,504 | 2.08% |
| ANPF sub-concert | 6,773,482 | 65.20% | 11,120,854 | 73.23% |
| Michel Tabur | 340,499 (a) | 3.28% | 680,998 | 4.48% |
| Concert total | 7,113,981 | 68.48% | 11,801,852 | 77.71% |
| June 2016 total | 10,387,755 | 100.00% | 15,186,839 | 100.00% |
(a) 135,000 shares are covered by a preliminary agreement that could be exercised by Michel Tabur to acquire them in October 2019.
Advisors for the operation
Philippe D'hoir and Séverine Beaufre from D'hoir Beaufre Associés, advisors for Mr Bricolage SA and ANPF.
Frédéric Jungels and Catherine Maison-Blanche from Allen & Overy, as well as Christophe Marchand and Emmanuelle Dittmer from Compagnie Financière Edmond de Rothschild, advisors for the Tabur family.
May Jarjour and Claire Haas from De Gaulle Fleurance et Associés, advisors for the lending banks.
•••••
Mr Bricolage SA will release its full-year earnings on 25 July 2016 before start of trading This publication will include the Group's half-year revenues (initially scheduled for 21 July after close of trading)
About the Mr Bricolage Group (figures as at 31 December 2015)
The Mr Bricolage Group, which owns well-known brands Mr Bricolage and Les Briconautes, is a French specialist in DIY retail with 766 outlets operating under the brands or through affiliates. Internationally, the Group is present in 11 countries with 72 stores. To serve its networks, it implements an active digital strategy designed to enhance the appeal of the outlets.
Mr Bricolage SA (MRB FR0004034320) is listed in compartment C of Euronext Paris and is part of the Enternext PEA-PME 150 and CAC All Shares indices.
Mr Bricolage SA is eligible for the PEA-PME savings plan.
Mr Bricolage Eve Jondeau Head of Financial Communications Tel: +33 2 38 43 21 88 [email protected]
Calyptus
Marie-Anne Garigue / Grégory Bosson Press and Investor Relations Tel: +33 1 53 65 68 63 / 37 90 [email protected]
For the Mr Bricolage Group's financial information, see: www.mr-bricolage.com