EUROPACORP (EPA:ECP) - The General Meeting approves by more than 99.9% of the votes the transfer of the listing of EuropaCorp shares from Euronext Paris to Euronext Growth Paris
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The General Meeting approves by more than 99.9% of the votes the transfer of
the listing of EuropaCorp shares from Euronext Paris to Euronext Growth Paris
Saint-Denis, September 15, 2021 - EuropaCorp's General Meeting held on
September 10, 2021 approved the project of application for delisting of the
Company's shares from the Euronext Paris regulated market and concomitant
admission to trading on the Euronext Growth Paris market, and granted full
powers to the Board of Directors to implement this transfer. The Board of
Directors met yesterday and decided to implement the authorization thus
granted by the General Meeting.
Reasons for the transfer
Since its creation, Euronext Growth has become the market of choice for growth
companies with a market capitalization of less than one billion euros and a
sufficient free float, greater than 2.5 million euros, which is the case for
EuropaCorp. This project therefore aims to enable EuropaCorp to be listed on a
market more appropriate to the size and needs of the Company. This transfer
will allow the Company to benefit from the dynamics and visibility of this
market, while reducing the costs associated with its listing.
Terms of the transfer
The Board of Directors, which met yesterday, has decided to implement this
Subject to the agreement of Euronext Paris, this listing by direct admission
will be carried out through an accelerated procedure of direct admission to
trading of the existing EuropaCorp shares, which will simultaneously cease to
be listed on Euronext Paris. No new shares will be issued at the time of this
EuropaCorp will be accompanied in its transfer to Euronext Growth by Gilbert
Dupont as Listing Sponsor.
Consequences of the transfer (non-exhaustive list)
In accordance with applicable regulations, the Company wishes to inform its
shareholders of some of the possible consequences of such a transfer:
In terms of periodic financial information:
- The annual financial statements (stand-alone and consolidated financial
statements), the management report as well as the statutory auditors' reports
on these financial statements would be published no later than four months
after the closing date (Euronext Growth Rules, art. 4.2.1).
- The half-yearly financial statements and an activity report would be
published at the latest within four months of the closing instead of the
current three months on the Euronext market, and the half-yearly financial
statements would no longer be compulsorily subject to audit by the statutory
auditors (Euronext Growth Rules, art. 4.2.1). These methods of publication of
the half-yearly financial statements would take effect as from the
half-yearly financial statements at September 30, 2021.
- Free choice of accounting standards (French or IFRS) for the preparation of
the consolidated financial statements. In the interests of transparency for
investors and shareholders, the Company has chosen to continue to apply IFRS.
In terms of protection of minority shareholders:
- Unless otherwise provided, the protection of the Company's minority
shareholders is ensured on Euronext Growth by the mechanism of a mandatory
public offer in the event that the threshold of 50% of the capital or voting
rights is crossed, directly or indirectly, alone or in concert (Monetary and
Financial Code art. L 433-3, II; AMF General Regulation art. 231-1, 2° and
- Companies listed on Euronext Growth are only required to disclose to the
market in terms of changes in shareholding when the thresholds of 50% and 95%
of the capital or voting rights have been crossed (up or down - AMF General
Regulation art. 223-14, I on reference of art. 223-15-1; Euronext Growth
Rules art. 4.3.1, ii).
- However, both the public offer law and the obligations to declare the
crossing of thresholds and declarations of intent applicable to companies
admitted to trading on a regulated market will be maintained for a period of
three years as from the admission of the Company's shares on Euronext Growth
(Monetary and Financial Code art. L 433-5; AMF General Regulation art. 231-1,
With respect to ongoing information:
- As Euronext Growth is an organized trading system, the Company will remain
subject to the applicable provisions on ongoing market information and more
particularly to the provisions of Regulation (EU) No. 596/2014 of April 16,
2014, on market abuse ("MAR"). In particular, the Company will continue to
inform the public of any information likely to have a material impact on the
share price (inside information).
- In addition, the Company's managers (and persons related to them) will
continue to be subject to the obligation to declare the transactions they
carry out on the Company's shares and debt securities (MAR. art. 19).
- Finally, the Company draws attention to the fact that the transfer to
Euronext Growth could result in a change in the liquidity of the share,
different from the liquidity observed since the beginning of the listing on
the regulated market of Euronext Paris.
Provisional timetable of the operation (subject to the approval of Euronext)
- Friday September 10, 2021: meeting of the Combined General Meeting to decide
on the transfer to the Euronext Growth market
- Tuesday September 14, 2021: following the General Meeting, meeting of the
Board of Directors deciding to implement the authorisation granted by the
Combined General Meeting;
- Wednesday September 15, 2021:
* Application to Euronext for the delisting of the Company's shares from the
regulated market of Euronext Paris and concomitant application for direct
admission of the shares to the Euronext Growth Paris market;
* Publication of a press release relating to the decision of the Board of
Directors and the application for admission to the Euronext Growth market.
- As from Thursday November 18, 2021: delisting of EuropaCorp's shares from the
regulated market of Euronext Paris and admission of the shares on the
Euronext Growth Paris market (depending on the instruction deadlines of
Founded in 1999, EuropaCorp has grown to become the leading film and series
production studio in Europe.
The Group's international activities cover the entire film value chain with
expertise in production, theatrical distribution, international sales, TV,
video & VOD, and music publishing. EuropaCorp is able to ensure creativity and
quality throughout the lifecycle of its films and television projects. The
Group has produced or co-produced more than 120 films and has distributed more
than 160 of them in French cinemas. Since 1999, it has produced 10 of the 20
biggest French hits internationally and 22 films among the 70 French
productions with the most international admissions (source: Le film français
- May 17, 2019). The Group has also been active since 2010 in the production of
TV series and single titles for platforms worldwide.
EuropaCorp was created by the director, screenwriter and producer Luc Besson.
More information on www.europacorp.com
Lisa Reynaud / Investor Relations / email@example.com
Régis Lefèbvre / Communication / firstname.lastname@example.org
Tel: 01 55 99 50 00
Pierre Laurent / NewCap
email@example.com / Tel: 01 44 71 94 94
EuropaCorp is listed on the C Compartment of Euronext Paris
ISIN Code: FR0010490920 - MNEMO Code: ECP