In-article:

FIGEAC AERO: APPROVAL BY THE GENERAL MEETING OF SHAREHOLDERS OF ALL THE RESOLUTIONS ALLOWING THE IMPLEMENTATION OF THE GROUP’S FINANCIAL RESTRUCTURING PLAN, INCLUDING THE CAPITAL INCREASE RESERVED FOR TIKEHAU ACE CAPITAL – 05/23/2022 at 07:00: 30


The FIGEAC AÉRO Group (ticker code: FGA) (the “

Company

“), a reference partner of the major aerospace manufacturers, announces today that all the resolutions necessary for the implementation of the financial restructuring plan have been approved by a very large majority, within the framework of the extraordinary and ordinary general meeting which took place on Friday May 20, 2022 at 11 a.m., on first call.

On the occasion of the general meeting of shareholders, Jean-Claude Maillard, Chairman and Chief Executive Officer of FIGEAC AÉRO, declared: ”

Today, the shareholders’ approval is an important step in the process of the Group’s financial restructuring and I would like to thank them for their support. They not only allow the Group to continue to serve its customers, but they also give a major player in aeronautics the opportunity to emerge stronger from the health crisis.

. »

Voting results of the general meeting of shareholders

The general shareholders’ meeting of May 20, 2022 approved all the resolutions relating to (i) the adjustment of the terms of the bonds redeemable in cash and/or in new and/or existing shares (the ”

ORNANEs

”), (ii) the capital increase reserved for Tikehau Ace Capital and (iii) the change in the composition of the Board of Directors of the Company that the completion of the capital increase reserved for Tikehau Ace Capital would imply.

All resolutions, excluding the fifth resolution

[1]

, were adopted by a large majority of more than 97% of the votes cast, in accordance with the recommendations of the Board of Directors. 25,495,916 shares with voting rights were registered out of a total of 31,839,473 shares, representing a quorum of 80.08%.

Detailed information concerning the quorum and votes on each resolution is available on the Company’s website: https://www.figeac-aero.com/fr/categorie/espace-investors/assemblees-generales.

The Company recalls that the approval of the resolutions relating in particular to the modification of the terms of the ORNANEs and to the capital increase reserved for Tikehau Ace Capital for an amount between €53.5 million and €58.5 million (premium issue included) (see the Company’s press releases of April 15, 2022 and April 29, 2022, as well as the relaunch prospectus approved by the Autorité des Marchés Financiers on May 10, 2022 under number 22-140), updated vote of the general meeting of shareholders of May 20, 2022, was one of the conditions for the implementation of the adjustment of the financial structure as described in the press release dated April 5, 2022.

The Company also recalls that the financial restructuring of the Company announced to the market on April 5, 2022 includes the completion of the capital increase reserved for Tikehau Ace Capital for an amount of at least €53.5 million (issue premium included ), the rescheduling of the Company’s main bank financing until 2028 and the rearrangement of the terms of the ORNANEs, including the partial buyback of 777,605 ORNANEs announced by the Company on May 9, 2022 for a total nominal amount of €20 million, the all of these operations being interdependent and due to take place on June 30, 2022 at the latest.


ABOUT FIGEAC AERO

The FIGEAC AÉRO Group, a benchmark partner for major aerospace manufacturers, specializes in the production of structural parts in light alloys and hard metals, engine parts, landing gear and sub-assemblies. An international group, FIGEAC AÉRO is present in France, the United States, Morocco, Mexico, Romania and Tunisia. As of March 31, 2021, the Group achieved annual revenue of €204.6 million.


FIGEAC AERO


Jean-Claude Maillard – Chairman and CEO

Such. : 05 65 34 52 52

Camille Traineau

Corporate Development Director

Institutional relations / IR

Such. : 05 81 24 61 90 / [email protected]

NEWS Finance & Communication


Corinne Puissant – Analyst/Investor Relations

Such. : 01 53 67 36 77 / [email protected]

Manon Clairet – Press Relations

Such. : 01 53 67 36 73 / [email protected]

WARNING

This press release contains forward-looking statements about FIGEAC AÉRO and in particular forward-looking statements relating to FIGEAC AÉRO’s ability to implement its operational optimization plan and the impact of this plan on FIGEAC AÉRO’s capacity. to limit the impact of the significant drop in activity linked to the Covid-19 crisis on the Group’s profitability. The use of certain words, such as “believe”, “potential”, “hope”, “should”, “aim” and other similar expressions or expressions, are intended to identify these forward-looking statements. Although the Company considers that its projections are based on current reasonable assumptions and expectations of its General Management, these forward-looking statements may be called into question by a certain number of known or unknown hazards and uncertainties, which could give rise to results materially different from those described, implied or anticipated, expressed or implied, in such forward-looking statements. These vagaries and uncertainties include in particular aircraft production rates from manufacturers. Moreover, even if the results, performance, financial situation and liquidity of the Company and the development of the industrial sector in which it operates are in line with such forward-looking statements, they cannot be predictive of results or developments in the future. These forward-looking statements speak only as of the date of the publication of this document. Subject to applicable regulations, the Company makes no commitment to update or revise the information contained in this press release, whether due to new information, future events or otherwise. Forward-looking information and statements are not guarantees of future performance and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of FIGEAC AÉRO.


[1]

titled ”

delegation of authority to be granted to the Board of Directors for the purpose of issuing shares and /or securities giving access to new shares of the Company in accordance with Article L. 225-138-1 of the French Commercial Code

“.


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