End of legal proceedings between Claranova and its Canadian minority shareholders – 05/21/2024 at 6:12 p.m.


(AOF) – Claranova announces that it has reached an agreement with its two Canadian minority shareholders, Michael Dadoun and Daniel Assouline, under which the latter withdraw today, without compensation, the two separate procedures on appeal and on the merits which were in progress against society.

This decision follows recent changes in governance and management at Claranova, including the entry to the Board of Directors of Michael Dadoun as director and Daniel Assouline as censor, approved by Claranova shareholders during the General Meeting of April 5, 2024.

The Dadoun Family Trust and the companies 10422339 Canada Inc. and 6673279 Canada Inc, jointly holding 6.99% of the capital of Claranova, had initiated proceedings dated October 13, 2023 against Claranova and members of the office of the General Assembly before the Commercial Court of Nanterre, aiming in particular to annul a decision of the office of the General Assembly of November 30, 2022 which had deprived them of part of their voting rights, to cancel said Assembly and to pay them damage.

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According to the latest Truffle 100 ranking, the sector’s total turnover in France jumped 15% last year to cross the 25 billion euro mark. The sector has benefited from an unprecedented growth rate and confirms its recovery after the health crisis. The average annual growth over fifteen years is 12 times higher than that of GDP! Dassault Systèmes retains first place with more than 5.6 billion euros in revenue last year. Cegid, specialist in software for accountants, and the fintech Murex are placed in second and third position with respectively 791 and 711 million euros in turnover. Polarization is one of the characteristics of the sector: the gap in turnover between the 50th and the 100th publisher has increased further in 2022 to reach almost 28 million euros. Performance was improved as the profitability rate (as a percentage of turnover) increased from 9.1% to 10.4%. The outlook is good because artificial intelligence, seen as revolutionary, is expected to drive the market in 2023, as is cybersecurity.



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