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Mr Bricolage — Major Shareholding Notification 2016
Jun 2, 2016
1535_iss_2016-06-02_6455b0b5-d0cc-4e02-aa16-f3ed7ddc068a.pdf
Major Shareholding Notification
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Proposal to further strengthen ANPF's interest within the ANPF-Tabur Family concert controlling Mr Bricolage SA
Mr Bricolage SA, which groups independent DIY stores (838 stores in 12 countries with a 2015 volume of sales inc. taxes of €2.16 billion), is reorganizing its majority shareholding structure by strengthening the position of its shareholder members.
ANPF, the company owned by Mr.Bricolage network member shareholders, indirectly holding 42.58% of the capital and 50.01% of the voting rights of Mr Bricolage SA, has signed, through SIMB, its fully-owned subsidiary holding Mr Bricolage securities, an agreement with the Tabur family's representatives to buy 2,350,000 of their Mr Bricolage SA shares, representing 22.62% of the capital.
This operation aims to ensure the continued stability of Mr Bricolage SA's shareholding structure, enabling the leadership team to focus exclusively on the Group's operational development.
If an exemption from the requirement to file a public offering with the French financial markets authority (AMF) is obtained, the securities will be bought by SIMB at an ex-dividend price of €14.70.
This operation will be financed through equity for €5.7 million and a €28.8 million bank loan to cover the balance.
Following this operation, Michel Tabur, who would still hold 3.28% of the capital on a personal basis, would remain on as a director and continue to support the Group with its development.
"Through this project to reallocate our capital, ANPF and the Tabur family have opted for a solution that will enable Mr Bricolage SA to continue to be controlled by its longstanding shareholders. The Group will retain its full freedom to implement its development strategy and move forward with its mission to relaunch growth in its business and the results of its members and integrated stores", concludes Paul Cassignol, Chairman of Mr Bricolage SA's Board of Directors.
Following this operation, the new breakdown of Mr Bricolage SA's capital and voting rights would be 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% |
| Total at June 2016 | 10,387,755 | 100.00% | 15,186,839 | 100.00% |
(a) 135,000 shares would be covered by a preliminary agreement that could be exercised by Michel Tabur to acquire them in October 2019.
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. It also brings together partner groups as part of its strategy to generate economies of scale in purchasing. 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 (0)2 38 43 21 88 [email protected]
Calyptus Marie-Anne Garigue / Grégory Bosson
Press and Investor Relations Tel: +33 (0)1 53 65 68 63 / 37 90 [email protected]
For the Mr Bricolage Group's financial information, see: www.mr-bricolage.com