on STORE ELECTRONIC SYSTEMS (SES) (EPA:SESL)
SESIM: Securities financing and reclassification operations
VusionGroup announces that SESIM, its management holding company, has carried out a bank financing and securities reclassification transaction. It holds 12% of VusionGroup and is majority controlled by the company's management and employees.
This transaction allowed SESIM to retain 12% of the voting rights of VusionGroup. It was approved by the SESIM Board of Directors.
The transaction included a new loan of €20 million, used to buy back and cancel shares. In addition, 19 existing shareholders sold part of their shares, while 32 others increased their stake.
In particular, Thierry Gadou saw his indirect stake increase from 6.98% to 7.09%. Peter Brabeck-Letmathe acquired shares for €12 million, increasing his share to 11.17%. Hélène Ploix and Thierry Lemaitre also increased their stakes.
These operations will be repeated regularly to offer liquidity and investment opportunities to SESIM shareholders.
R. E.
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