Brief: Wavestone Announces Changes To Breakdown Of Share Capital

Wavestone SA

11/12/2019 07:37

Dec 11 (Reuters) - WAVESTONE SA  WAVE.PA :
    * CHANGES TO THE BREAKDOWN OF WAVESTONE'S SHARE CAPITAL
WHICH WILL
HAVE NO IMPACT ON THE CONTROL OF THE COMPANY
    * ON DECEMBER 10, 2019, MICHEL DANCOISNE TRANSFERRED 2.3
MILLION
WAVESTONE SHARES, WHICH REPRESENT 14.00% OF THE COMPANY’S SHARE
CAPITAL, TO A FAMILY HOLDING COMPANY, NAMED FDCH, WHICH HE
CONTROLS EXCLUSIVELY
    * TRANSFER WAS EFFECTED THROUGH SALE OF 172,477 SHARES AND A
CONTRIBUTION OF 2,655,032 SHARES TO FDCH
    * IN PARALLEL, ON DECEMBER 10, 2019, MICHEL DANCOISNE MADE A
DONATION IN BARE OWNERSHIP OF FDCH'S SHARES TO HIS DAUGHTER,
DELPHINE CHAVELAS, AND HIS GRANDCHILDREN
    * MICHEL DANCOISNE RETAINS DIRECT OWNERSHIP OF 1,195,179
SHARES
    * CHANGE IS INTENDED TO STRUCTURE THE OWNERSHIP OF MICHEL
DANCOISNE’S SHARES IN WAVESTONE OVER THE LONG-TERM, FOR ESTATE
PLANNING PURPOSES
    * ON DECEMBER 10, 2019, FDCH, MICHEL DANCOISNE, PASCAL
IMBERT,
DELPHINE CHAVELAS AND PATRICK HIRIGOYEN, MEMBER OF WAVESTONE'S
MANAGEMENT BOARD, SIGNED THREE JOINT COMMITMENTS ON RETENTION OF
SHARES
    * AT THE END OF TRANSACTIONS, EXTENDED JOINT OWNERSHIP
STRUCTURE
NOW REPRESENTED BY PASCAL IMBERT–WAVESTONE’S CEO, FIH–A FAMILY
HOLDING COMPANY CONTROLLED EXCLUSIVELY BY PASCAL IMBERT, MICHEL
DANCOISNE, FDCH AND DELPHINE CHAVELAS HOLDS 54.66% OF CAPITAL

Source text: https://bit.ly/38oluPr
Further company coverage:  WAVE.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))