Kaufman & Broad SA
Kaufman & Broad SA: Press Release
19-Apr-2020 / 19:03 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
Paris, april 19, 2020
PRESS release
Kaufman & Broad has been informed of the crossing of the threshold of 2% of
its share capital by the Promogim groupe SAS, a residential promoter.
In a context of serious health crisis, the company pays particular attention
to any circumstance which could disturb the proper functioning of the
company and the mobilization of its teams while preparing the resumption of
its operations.
The employees today represent more than 15% of the share capital and more
than 20% of the voting rights of Kaufman & Broad SA, demonstrating their
commitment and trust in the company.
The strategy implemented over several years has provided the company with a
sound balance sheet, with the absence of net debt and a very strong
liquidity position of EUR 412.5 million at 29 February 2020, and a backlog
of more than EUR 3.4 billion at the same date. This position enables the
company and its employees to prepare in the best conditions to business
recovery.
This press release is available on the website www.kaufmanbroad.fr [1]
Contacts
Chief Financial Officer Press Relations
Bruno Coche
01 41 43 44 73
infos-invest@ketb.com
Kaufman & Broad: Emmeline Cacitti
06 72 42 66 24 / ecacitti@ketb.com
About Kaufman & Broad - Kaufman & Broad has been designing, building, and
selling single-family homes in communities, apartments, and offices on
behalf of third parties for more than 50 years. Kaufman & Broad is one of
the leading French developers-builders due to the combination of its size
and profitability, and the strength of its brand.
The Kaufman & Broad Universal Registration Document was filed with the
French Financial Markets Authority ("AMF") under No. D.20-0231 on 31 March
2020. It is available on the AMF (www.amf-france.org [2]) and Kaufman &
Broad (www.kaufmanbroad.fr [1]) websites. It contains a detailed description
of Kaufman & Broad's business activities, results, and outlook, as well as
the associated risk factors. Kaufman & Broad specifically draws attention to
the risk factors set out in Chapter 1.2 of the Universal Registration
Document. The occurrence of one or more of these risks may have a material
adverse effect on the Kaufman & Broad Group's business activities, net
assets, financial position, results, and outlook, as well as on the price of
Kaufman & Broad's shares.
This press release does not amount to, and cannot be construed as amounting
to a public offering, a sale offer or a subscription offer, or as intended
to seek a purchase or subscription order in any country.
Regulatory filing PDF file
Document title: Press Release
Document: https://eqs-cockpit.com/c/fncls.ssp?u=KEEWULPPCT [3]
1024619 19-Apr-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=b40f286580e5a3e4d565d58dfb24fd60&application_id=1024619&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=58d927157c3d269cacfc11a89b912b20&application_id=1024619&site_id=vwd&application_name=news
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f3130b43b9eb9f7c187e02a99b3ca12c&application_id=1024619&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 19, 2020 13:03 ET (17:03 GMT)
