(Boursier.com) — The resolutions submitted to the Extraordinary General Meeting of shareholders of Makheia Groupmeeting on second call on December 29, were adopted in their entirety.
The shareholders notably approved the merger project providing for the transfer of the assets of the company NetMedia Group (absorbed company) to the benefit of the company. It is specified that in the context of this operation, the exchange ratio retained is 8,727 shares of the company for 1 share of the absorbed company.
Following the adoption of this decision, the share capital of the company was increased by the sum of 25,499,421.30 euros in compensation for the absorption by merger of the company NetMedia Group for the benefit of the company, for increase it from 5,035,445.90 euros to 30,534,867.20 euros. The merger premium amounting to 15,960,141.70 euros is posted to the “merger premium” account, on the liabilities side of the company’s balance sheet.
Thus, the share capital of the company is now set at the sum of 30,534,867.20 euros. It is divided into 305,348,672 ordinary shares with a nominal value of €0.10, fully paid up.
The Extraordinary General Meeting, meeting on December 29, also adopted the change of corporate name of the company which is now called: NetMedia Group.
In the Top 5 independent French communication groups
With more than 30 ME in turnover for 2022 and a target of 40 ME for 2023, the new Group, thus formed, will enter the Top 5 of French independent communication groups. The project is to develop unique offers on the market by combining major expertise for companies around 3 axes: communication strategies, media and performance marketing. The new Group will offer brand strategy, branding and advertising services, development of e-commerce platforms, combined with the power of BtoB media and data-marketing. The Group’s teams are already working on defining new offers for the start of the year.
Pascal Chevalier appointed Chairman of the group
At the end of the Extraordinary General Meeting, a Board of Directors met which decided to put in place a new form of governance.
Thus, it was unanimously voted to separate the functions of Chairman and Chief Executive Officer with the appointment of Pascal Chevalier, as of December 29, as Chairman of the Board of Directors for the duration of his term as administrator (6 years).
Also within the framework of the separation of functions, decided by the Board of Directors, three CEOs have been appointed for a period of 6 years: Hervé Lenglart, Edouard Rencker and Gautier Normand.