SMCP - Threshold crossing
07 Janeiro 2021 - 3:35AM
SMCP - Threshold crossing
Press release - Paris, January 6, 2021
SMCP capital threshold crossing
declaration
The Company has taken note today of the
declaration of crossing of the threshold filed with the French
Financial Markets Authority (Autorité des marchés financiers) by
GLAS, in its capacity as Trustee under the bonds exchangeable into
SMCP shares issued in September 2018 by European TopSoho SARL, main
shareholder of SMCP.
As part of this declaration, GLAS indicates,
following a notification of default on these bonds, that it is now
entitled to instruct 34,792,512 voting rights of the Company
corresponding to 29% of the voting rights of the Company attached
to the shares underlying these bonds (it being specified that the
total number of the SMCP shares underlying these bonds represents
34% of the Company's capital and that the ownership of these shares
has not been transferred to GLAS).
GLAS has also indicated that it is not
considering taking control of the Company.
The board of directors of SMCP will meet shortly
to examine the consequences of this information.
ABOUT SMCP
SMCP is a global player in the accessible luxury
market with four unique Parisian brands: Sandro, Maje, Claudie
Pierlot and De Fursac. Present in 41 countries, SMCP is a
fast-growing company which reached the milestone of €1bn in sales
in 2018. The Group comprises a network of over 1,500 stores
globally plus a strong digital presence in all its key markets.
Evelyne Chetrite and Judith Milgrom founded Sandro and Maje in
Paris, in 1984 and 1998 respectively, and continue to provide
creative direction for the brands. Claudie Pierlot and De Fursac
were respectively acquired by SMCP in 2009 and 2019. SMCP is listed
on the Euronext Paris regulated market (compartment A, ISIN Code
FR0013214145, ticker: SMCP).
CONTACTS
INVESTORS/PRESS
PRESS
SMCP
BRUNSWICK
Célia d’Everlange
Hugues
Boëton
Tristan Roquet Montegon
+33 (0) 1 55 80 51 00
+33 (0) 1 53 96 83
83
celia.deverlange@smcp.com
smcp@brunswickgroup.com
- Press release - SMCP - Threshold crossing
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