<

ALTAMIR (EPA:LTA) - Shareholder’s action brought by Moneta Asset Management rejected; Moneta to pay damages for denigration campaigns

Transparency directive : regulatory news

28/04/2020 17:55

Paris, 28 April 2020 – Moneta had sued Maurice Tchenio and Altamir Gérance in Commercial Court for mismanagement of Altamir.

In a decision rendered on 17 April 2020, the Court rejected all of Moneta's claims and considered them sufficiently excessive to require Moneta to pay €200,000 to Maurice Tchenio for harm to his reputation and €100,000 to Altamir as financial damages.

The Court's decision was as follows:

  • Moneta's application as a claimant relative to double invoicing of fees from 8 July 2013 was held admissible.
  • All of Moneta's claims were rejected.
  • Moneta was ordered to pay damages as follows:
    • €100,000 to Altamir,
    • €200,000 to Mr Tchenio.
  • The Court fined Moneta as follows, under Article 700 of the Code of Civil Procedure:
    • €30,000 to Altamir,
    • €15,000 to Altamir Gérance,
    • €15,000 to Mr Tchenio.
  • The other, broader claims of Altamir, Altamir Gérance and Mr Tchenio, and those contrary to the grounds of this decision were rejected.
  • Provisional enforcement was ordered.
  • Moneta was ordered to pay court fees, including those owing to the clerk, totalling €159.88, including VAT of €26.43.

The full text of the ruling is available on the Company's website: www.altamir.fr.

Forthcoming events:

NAV as of 31/03/2020 19 May 2020, post-trading
H1 2020 earnings and NAV as of 30/06/2020 8 September 2020, post-trading
NAV as of 30/09/2020 5 November 2020, post-trading

* * * * * * * * * * * * * * *

About Altamir

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with a NAV of more than €1bn. Its objective is to provide shareholders with long-term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.

Altamir's investment policy is to invest via and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.

In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax's sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (mid-sized companies in continental Europe and larger companies in Europe, North America and key emerging markets).

Altamir derives certain tax benefits from its status as a SCR ("Société de Capital Risque"). As such, Altamir is exempt from corporate tax and the company's investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

For more information: www.altamir.fr

Contact

Claire Peyssard Moses

Tel.: +33 1 53 65 01 74 / +33 6 34 32 38 97

E-mail: claire.peyssard-moses@altamir.fr



This publication embed "Actusnews SECURITY MASTER".
- SECURITY MASTER Key: x2ibZJiZZGfGm5pxlMZummKZbWhiyGSYaGrJxGlvmMmcnJ1pm25kaMmWZm9klm1v
- Check this key: https://www.security-master-key.com.



Regulated information:
Inside Information:
- other releases


Full and original press release in PDF: https://www.actusnews.com/news/63189-litige-moneta-jugement-en-def.pdf

Receive by email the next press releases of the company by registering on www.actusnews.com, it's free


Other stories

29/03/2024 10:28
29/03/2024 10:58
29/03/2024 01:37
29/03/2024 01:58
29/03/2024 08:18
29/03/2024 10:18
29/03/2024 09:19
28/03/2024 17:46
28/03/2024 18:06
28/03/2024 23:55
29/03/2024 07:00
29/03/2024 09:15
29/03/2024 09:44
29/03/2024 09:36
29/03/2024 09:14
29/03/2024 10:15
29/03/2024 00:37
28/03/2024 17:05
27/03/2024 15:52
29/03/2024 10:38
27/03/2024 19:23
28/03/2024 12:03
29/03/2024 09:15
29/03/2024 03:19
28/03/2024 21:58
29/03/2024 07:10
29/03/2024 08:00
29/03/2024 04:12
29/03/2024 06:31
29/03/2024 08:44
28/03/2024 17:13
29/03/2024 01:26
27/03/2024 21:46
28/03/2024 17:55
28/03/2024 13:25
29/03/2024 00:01
28/03/2024 06:00
28/03/2024 11:40