(Boursier.com) — Cybergun called its shareholders to a Combined General Meeting (ordinary and extraordinary) on March 3, 2023 at 10 a.m. in Suresnes. On this occasion, shareholders will be called upon to vote on:
– the establishment of a new legal structure with a transformation of the company, currently constituted as a public limited company, into a partnership limited by shares (SCA);
– a technical renewal of the delegations of powers already in force and necessary for the implementation of any financial operations, as a result of the transformation into an SCA
In order to protect its strategic assets from a hostile takeover, the Board of Directors deemed it appropriate and necessary to propose to the shareholders of Cybergun to transform the company, currently incorporated in the form of a public limited company, into a partnership limited by shares.
In the event of transformation of Cybergun into a partnership limited by shares, the company Cybergun Développement, a simplified joint-stock company controlled by HBR Investment Group, would be the sole general partnerthus becoming jointly and severally liable for the debts of the company.
“There is a huge gap today between what the Cybergun Group is experiencing from the inside, with the rise in power of the Military division which should represent more than half of the activity in 2023, and the stock market situation of the society”, explains Hugo Brugière, CEO of Cybergun, who continues: “I do not want to expose strategic assets for the French defense industry to speculators or worse to foreign interests. This is the reason why I am ready to commit myself even more strongly to the future of Cybergun”
Remember that in 2022 Cybergun strengthened its commitment to the Military sector with a turnover which reached, at the end of October 2022 (10 months of activity), 13.4 ME, i.e. 37% of the Group’s consolidated turnover. . These activities include sensitive programs carried out as subcontractors for several big names in the energy, medical, petroleum and defense sectors and through the sale of assemblies and subassemblies for major contractors. of the defense. This business unit is targeting 33 ME in turnover in 2023, to which will be added 11 ME in revenue generated by the integration of Verney-Carron, the oldest French arms manufacturer.
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