(Boursier.com) — May 3, SES-imagotag has been informed that SESIM has notified BOE Technology (HK) and BOE Smart Retail of its exercise of the liquidity option, in accordance with the shareholders’ agreement concluded between BOE Technology (HK) and SESIM. This option allows SESIM to become a direct shareholder of SES-imagotag by withdrawing from the BOE Smart Retail holding company.
In 2017, the management of SES-Imagotag, united within the company SESIM, and BOE became co-shareholders of the company BOE Smart Retail HK, which then took control of SES-imagotag and which currently owns it. , 60.2% of the capital.
The shareholders’ agreement concluded in 2017 between SESIM and BOE provided for the implementation of a provision during the second quarter of 2022 aimed at allowing SESIM to become a direct shareholder of SES-imagotag. It is the exercise of this option that SESIM notified on May 3 to BOE Technology (HK) and BOE Smart Retail.
SESIM specifies that its intention is to remain a long-term shareholder of SES-imagotag.
Discussions are underway between the parties to implement this option.
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