(Boursier.com) — Pierre and Holidays SA, holding company of the Pierre & Vacances – Center Parcs group, recalls having entered into an exclusive agreement on 17 December 2021 with a group of investors made up of (i) Alcentra (also a financial creditor of the PVCP Group), (ii) Fidera (also the PVCP Group’s financial creditor) and (iii) Atream (also the PVCP Group’s institutional lessor) with a view to strengthening its equity.
The exclusivity period, which initially ran until January 31, 2022, was first extended until February 18, 2022.
In order to allow the negotiations to continue and to formalize an agreement with all the parties, the Investors have extended their firm offer until March 4, 2022. The parties have agreed correlatively to extend the period of exclusivity granted to the Investors until this date.
As a reminder, the main terms and conditions of the contemplated transaction appear in the press release dated December 20, 2021. The Company will provide all useful details on the characteristics of the contemplated transaction as soon as the firm agreement is signed.
In this context and in order to allow the company to update the various preparatory documents for the general meeting to be made available to shareholders within the legal deadlines, the Board of Directors has decided to postpone the meeting to March 31, 2022. Annual General Meeting initially called to meet on March 15, 2022.
The agenda for this meeting remains unchanged. The Company’s universal registration document for the 2020/2021 financial year will be made available on March 10, 2022 at the latest, at the same time as the various reports to be prepared for this meeting.
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