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Brief: Smcp Welcomes Potential Sale of Up To 51.2% Of Its Share Capital

Nov 27 (Reuters) - SMCP SA SMCP.PA:

WAS INFORMED TODAY OF INITIATION OF A PROCESS TO SELL SMCP SHARES REPRESENTING UP TO 51.2% OF ITS SHARE CAPITAL

AFFECTED SMCP SHARES INCLUDE 28.0% STAKE HELD BY GLAS

7.7% STAKE MANAGED BY ALASTAIR BEVERIDGE AND DANIEL IMISON

INCLUDE 15.5% STAKE, RETURNED IN AUGUST 2025, HELD AND MANAGED BY ETS

WELCOMES THIS POTENTIAL SALE, WHICH WOULD ENABLE GROUP TO STABILIZE ITS SHAREHOLDER STRUCTURE AND FOCUS ON PURSUING ITS DEVELOPMENT STRATEGY

SALE PROCESS IS EXPECTED TO LAST SEVERAL MONTHS

Source text: ID:nGNEbhvPpP

Further company coverage: SMCP.PA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com ; +48 58 769 66 00;;))

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