2CRSI knocks on the door of Euronext Growth

On July 11, 2CRSI unveiled, two weeks late, its unaudited 2021-2022 annual accounts. On July 22, the designer and manufacturer of high-performance servers from Strasbourg was finally able to present the audited version of its results. The post-audit modifications do not call into question the overall finding, namely slightly improved results. The company ended the financial year with a turnover of 183.6 million euros, up 12.4% over one year, a gross operating surplus (Ebitda) of 8.4 million, in progress of 14.5%, and a consolidated net loss, group share divided by nearly 4, to 1.1 million.

Cheaper

At the next general meeting scheduled for August 31, shareholders will have to vote on the resolution providing for the transfer of shares from Euronext Paris to Euronext Growth. 2CRSI today fulfills the criteria for such a change. The Strasbourg company has a quotation of less than one billion euros as well as a distribution of its titles in the public of a minimum amount of 2.5 million euros. Like many companies in recent years, 2CRSI opts for a less regulated and less expensive listing. Thus the company will no longer have to audit its accounts every six months, the general meeting will no longer have to approve the compensation policy for corporate officers and certain parity rules will no longer apply.

The transition to Euronext Growth will also modify the rules for crossing thresholds. At the end of a transitional period of three years, only crossings of the thresholds of 50% and 90% of the capital or voting rights will have to be declared to the shareholders and to the AMF. For mandatory public offers, notification will now only be necessary for reaching 50% of the capital or voting rights.