from GL EVENTS (EPA:GLO)
Polygone shareholding structure developments
POLYGONE SHAREHOLDING STRUCTURE DEVELOPMENTS
GL EVENTS (FR0000066672, GLO), the integrated event solutions and services group, announces a change in the shareholding structure of Polygone, GL events’ holding company.
On 23 July 2024, through his holding company ‘Le Grand Rey’, Olivier Ginon purchased Aquarsourça's shares in Polygone, representing 10% of Polygone's shares and voting rights.
As a result, Polygone's shareholder structure is now as follows:
(i) Mr. Olivier Ginon, Le Grand Rey and La Ferme d'Anna[1]: 61.57%;
(ii) Trévise Participations: 20%;
(iii) Crédit Agricole's regional private equity funds (SCIRs): 13.1%; (iv) Matmut: 5.33%.
Pursuant to the above, Sophie Defforey and Félix Crepet, representatives of the Aquasourça group, have resigned from their positions as directors of Polygone and GL events.
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Olivier Ginon, Chairman and CEO, commented: "I wish to express my warmest thanks to Sophie Defforey and the Aquasourça teams for the quality of their relationship, their professionalism and their ongoing support over 22 years which included both periods of strong growth as well as more complicated moments. As this increased stake in Polygone only confirms, I have every confidence that GL events will maintain its historical trajectory of sustainable growth.”
Sophie Defforey, Chairwoman of the Aquasourça Group, added: "We were honoured to be able to support GL events’ teams and its CEO, Olivier Ginon, as long-term partners. We have encountered a number of different business and economic cycles over these last 22 years. Throughout this period, the energy of its teams and the vision of its chief executive have transformed the company into a world leader in innovation. We are leaving Polygone with a sense of emotion, pride in our shared achievements and also with great confidence in the future of the group. This is why we are particularly pleased with this development as it will increase the chief executive’s family stake in the holding company and is a testimony to Olivier Ginon's confidence in his company’s future. It is also perfectly in line with the type of contribution we seek to make to the management teams we support.”
About GL events: The Group is a world-class provider of integrated solutions and services for events operating across the three main market segments: conventions, conferences, congresses; cultural, sports and political events; trade shows / B2B and B2C exhibitions and consumer fairs. GL events' activities are organised into three major business divisions. GL events Live's expertise covers the complete range of business specialisations and services for corporate, institutional and sports events and offers turnkey solutions from consulting and design to staging the event itself. GL events Exhibitions manages and coordinates the Group's portfolio of more than 200 proprietary trade fairs covering a wide range of sectors: food industry, culture, textiles/fashion, manufacturing… GL events Venues manages a network of 57 venues (convention and exhibition centres, concert halls and multi-purpose facilities) in France and international destinations.
Present on five continents with operations in more than 20 countries, GL events has 5,850 employees. GL events is listed on Euronext Paris, Compartment B (mid-caps).
INVESTOR RELATIONS MEDIA RELATIONS
GL events FTI Consulting Sylvain Bechet Julien Durovray
Tel.: +33 (0)4 72 31 54 20 Tel: +33 (0)6 25 04 57 73
infos.finance@gl-events.com glevents@fticonsulting.com
ISIN FR0000066672 - BLOOMBERG GLO FP - REFINITIV GLTN.PA - FTSE 581 LEI 9695002PXZMQNBPY2P44
GL EVENTS / POLYGONE SHAREHOLDING STRUCTURE DEVELOPMENTS
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[1] Le Grand Rey and La Ferme d'Anna are companies controlled by Mr. Olivier Ginon
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