SOLOCAL (EPA:LOCAL) - Combined General Meeting of 27th November 2020
Transparency directive : regulatory news
27/11/2020 17:55
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PRESS RELEASE
Boulogne-Billancourt, 27th November 2020
Combined General Meeting of 27th November 2020
All resolutions approved
Solocal Group announces that all resolutions have been approved by a very large
majority at the Combined General Meeting ("CGM") of the shareholders which took
place today behind closed doors in Boulogne Billancourt, under the Presidency
of Pierre Danon, Chairman of the Board of Directors and Chief Executive
Officer. The event was broadcasted live by webcast.
A strong participation in the Combined General Meeting
In the circumstances of this second Combined General Meeting in 2020, 2,135
shareholders participated in the votes on the ordinary resolutions and 2,136 in
the votes on the extraordinary resolutions, representing more than 7,351
million shares and 7,353 million voting rights on a pre-reverse stock split
basis.
Compared to the total amount of shares with exercisable voting rights, i.e.
12 949 million shares, it represents 56.77% of the total amount of shares.
In comparison, the participation quorum was 42.7% at the the 24th July 2020
Combined General Meeting
Votes results
All ordinary & extraordinary resolutions were largely approved in the General
Meeting. Among these resolutions, one may list:
* The ratification of the co-option of Mr David Eckert and Mr Paul Russo as
members of the Company's Board of Directors
* Approval of the compensation policy with respect to the Chairman and Chief
Executive Officer
* Approval of the components of the compensation paid during or granted in
respect of the fiscal year ended 31 December 2020 (up to and including 4
October 2020) to Mr Éric Boustouller
* Authorization to the Board of Directors to grant free shares of the Company
to employees or officers of the Solocal Group , with a waiver by the
shareholders of their preferential subscription right
* Amendment to an article of the bylaws to delegate to the Board of Directors
the power to provide for an enhanced majority with respect to certain
significant decisions of the Board of Directors provided in the Restructuring
Agreement dated 2 July 2020
Details about the votes on each of the resolutions is available in the appendix
of this document.
The Combined General Meeting will be available for replay on the company's
website (www.solocal.com - Investisseurs - Financial Publications - General
Meetings) or via the link :
https://www.solocal.com/en/combined-general-shareholders-meeting-27th-
november-2020
EN - About Solocal - www.solocal.com
Solocal is the digital partner for all local companies in France, from VSEs, to
SMBs or Large Companies with networks. Our job; vitalize local life. We strive
every day to unveil the full potential of all companies by connecting them to
their customers thanks to our innovative digital services. We advise over
330,000 companies all over France and support them to boost their activity
thanks to our digital services (Relational Presence, Websites and Digital
advertising). We also bring users the best possible digital experience with
PagesJaunes, and Ooreka, and our GAFAM* partners.
We provide professionals and the public with our high audience services,
geolocalised data, scalable technology platforms, unparalleled commercial
coverage across France, our privileged partnerships with digital companies and
our talents in terms of data, devel opment and digital marketing. Solocal
moreover benefits from the "Digital Ad Trust" label. To know more about Solocal
(Euronext Paris "LOCAL"): let's keep in touch @solocal
*GAFAM : Google, Microsoft/Bing,, Facebook, Apple, Amazon
Press contacts
Charlotte Millet
+33 (0)1 46 23 30 00
charlotte.millet@solocal.com
Edwige Druon
+33 (0)1 46 23 37 56
edruon@solocal.com
Investor contacts
Julie Gualino-Daly
+33 (0)1 46 23 42 12
jgualino@solocal.com
Colin Verbrugghe
+33 (0)1 46 23 40 13
cverbrugghe@solocal.com
Follow us
Facebook, Twitter, Linkedin, You Tube
solocal.com
Appendix : vote results per resolution
Number of shares represented or by postal ballot
Ordinary resolutions 7 351 756 545
Extraordinary resolutions 7 351 757 613
Proportion of share capital represented or by postal ballot
Ordinary & extraordinary resolutions 56,77%
Number of voting shareholders
Ordinary resolutions 2 135
Extraordinary resolutions 2 136
Shares & voting rights represented or by postal ballot
Resolution Type For Against
1 ORD 7 324 506 980 18 684 442
2 ORD 7 324 275 041 18 895 079
3 ORD 7 255 017 267 85 847 943
4 ORD 7 283 012 920 60 038 560
5 ORD 5 918 545 722 1 425 654 465
6 EXT 7 212 413 678 138 458 225
7 EXT 6 589 889 095 756 702 177
8 EXT 7 298 562 741 42 487 114
9 EXT 7 325 457 077 22 386 932
Abst. Total nb of For % Against %
votes
(excl. abst.)
9 884 157 7 343 191 422 99,75% 0,25%
9 905 459 7 343 170 120 99,74% 0,26%
12 210 189 7 340 865 210 98,83% 1,17%
10 023 919 7 343 051 480 99,18% 0,82%
8 875 392 7 344 200 187 80,59% 19,41%
2 205 098 7 350 871 903 98,12% 1,88%
6 485 909 7 346 591 272 89,70% 10,30%
12 027 326 7 341 049 855 99,42% 0,58%
5 233 172 7 347 844 009 99,70% 0,30%