On November 8, 2018, Mr. Joël Séché contributed to Groupe Séché- the family holding company that controls Séché Environnement (Paris:SCHP)- 402,399 Séché Environnement shares that he owned directly.
Following this transaction, Groupe Séché now holds (i) 50.00% of the capital of Séché Environnement and (ii) 58.81% of the voting rights.
Change in the Séché family's shareholder structure and voting rights at Séché Environnement
|Pre-transaction||Shares||% of capital||Voting rights||% of votes|
|Séché Family Total||3,928,867||50.0001%||6,267,303||60.41%|
|Post-transaction||Shares||% of capital||Voting rights||% of votes|
|Séché Family Total||3,928,867||50.0001%||5,864,904||58.81%|
On December 6, 2018, Mr. Joël Séché has made a bare-ownership donation of all the Groupe Séché's capital shares to his two children (Mr. Guillaume Séché and Mr. Maxime Séché), being understood that Mr. Joël Séché will remain Groupe Séché's Chairman of the Board and Séché Environnement's Chairman of the Board and CEO.
These transfers within Groupe Séché aim at ensuring Séché Environnement's family control structure in the long term.
In its decision of October 17, 2018, the AMF issued Groupe Séché, Mr. Maxime Séché and Mr. Guillaume Séché with exemptions from their obligation to file a public offering on the Séché Environnement shares impacted by these contribution and donation transactions.
Consolidated annual results at December 31, 2018: March 11, 2019 after market close
About Séché Environnement
Séché Environnement is one of France's leading players in the recovery and treatment of all types of waste, from both industry and local communities.
Séché Environnement is the leading independent operator in France. It is uniquely positioned as a specialist in highly complex waste, operating within regulated waste recovery and treatment markets with high barriers to entry.
Its facilities and expertise enable it to provide high value-added solutions to its industrial and public authority clients, targeting the challenges of the circular economy and sustainable development requirements, such as:
- the material and energy recovery of hazardous and non-hazardous waste;
- a comprehensive range of treatment solutions for solid, liquid and gaseous waste (thermal, physical-chemical and radiation treatment, etc.);
- the storage of final hazardous and non-hazardous waste;
- eco-services such as decontamination, decommissioning, asbestos removal and rehabilitation.
Leveraging its extensive expertise, Séché Environnement has successfully developed its environmental services business lines in waste management outsourcing markets for its clientele of large communities and major industrial companies both in France and abroad.
Séché Environnement has been listed on Eurolist by Euronext (Compartment B) since November 27, 1997.
It is eligible for equity savings funds dedicated to investing in SMEs and is listed in the CAC Mid&Small and Enternext PEA-PME 150 indexes.
This press release may contain information of a provisional nature. This information represents either trends or targets at the date of the press release's publication and may not be considered as results forecasts or as any other type of performance indicators. This information is by nature subject to risks and uncertainties which are difficult to foresee and are usually beyond the Company's control, which may imply that expected results and developments differ significantly from announced trends and targets. These risks notably include those described in the Company's Registration Document, which is available on its website (www.groupe-seche.com). This information therefore does not reflect the Company's future performance, which may differ considerably, and no guarantee can be given as to the achievement of these forward-looking figures. The Company makes no commitment on the updating of this information. More detailed information on the Company can be obtained on its website (www.groupe-seche.com), in the Regulated Information section. This press release does not constitute an offer of shares or a solicitation in view of an offer of shares in any country, including the United States. Distribution of this press release may be subject to the laws and regulations in force in France or other countries. Persons in possession of this press release must be aware of these restrictions and observe them.
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