-
Start of the 20-day creditor opposition period
for a capital reduction not motivated by losses
VEOM Group (Euronext Growth – FR0013530102 – ALVG)
the leading European group in the world of
Smart Home
(smart home), publishes the minutes of the extraordinary general meeting (EGM) of April 23, 2024.
The AGM of VEOM Group shareholders met on 1
time
convocation on April 24, 2024 at 11:00 a.m. at 93 place Pierre Duhem, 34000 Montpellier, under the chairmanship of Mr. Alain MOLINIE, Chairman of the Board of Directors (hereinafter the ”
General assembly
“).
On this date, the total number of shares making up the share capital of the Company amounted to 3,659,243 shares for 4,213,862 voting rights.
During this General Meeting, it was noted that out of a total number of 3,659,243 shares and 4,213,862 voting rights, the shareholders present, regularly represented, or having validly given proxy to the Chairman or voted by correspondence, together held 939 588 shares and 1,530,688 voting rights, or 25.97% of the Company’s shares with voting rights.
The General Meeting notably voted for a reduction in the share capital not motivated by losses in the amount of €3,622,650.57 by reducing the par value of each share which will be reduced from €1.00 to 0, 01 €. After recognition of this capital reduction not motivated by losses, the share capital will amount to €36,592.43, divided into 3,659,243 shares with a par value of €0.01.
As this capital reduction is not justified by losses, the Company’s creditors benefit, in accordance with articles L.225-205 and R.225-152 of the Commercial Code, from a right of opposition for a period of twenty (20) days from the date of filing of the minutes of the General Meeting at the Registry of the Commercial Court of Montpellier, carried out on April 25, 2024.
The recognition of this capital reduction may therefore take place at the end of the creditors’ opposition period which will end on May 15.
About VEOM Group
VEOM Group is a leading European group in the world of
Smart Home
(Smart Home).
The group is present in the most dynamic segments of the
Smart Home
: luxury high-fidelity audio, under the Cabasse brand, home automation and home comfort solutions, under the Dio brand, and video security equipment and electrical accessories under the Chacon brand.
The group presents a strong complementarity of its brands, technological synergies based on its software platform
Smart Home Business Platform
and a combination of product, industrial, design and commercial know-how, with the ambition of democratizing the smart home among households.
VEOM Group benefits from an established global organization, with a presence in France (Montpellier and Brest), Belgium (Brussels), the United States (Menlo Park) and an industrial subsidiary in Singapore.
VEOM Group has been recognized on several occasions among the hyper-growth French Tech companies.
Label: VEOM Group
ISIN code: FR0013530102
Mnemonic code: ALVG
Number of shares making up the share capital: 3,659,243
More information on VEOMgroup.com
|
Contact VEOM Group Alain Molinie – CEO Such. + 33 (0)4 67 47 10 00 |
NEWS – Investor relations Matthew Omnes Such. : + 33 (0)1 53 67 36 92 [email protected] |
NEWS – Press relation Amaury Dugast Such. +33 (0)1 53 67 36 74 [email protected] |
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