ONE GLOBAL GROUP
Somfy operates in 59 countries and is the world leader in automatic controls for openings and closures in homes and buildings. It offers a range of motorized solutions and control points and is a key player in smart home systems.
12/03/2024
La Fondation Somfy
Organization
22/01/2018
Commitment
Finance
News & media
27/05/2020
Exceptional distribution of reserves
19/12/2014
Press release
19 December 2014
Exceptional distribution of reserves
The General Meeting of 27 November 2014 offered the shareholders the option of receiving one Edify1 share estimated at €50 or an equivalent gross cash amount of €50 for each of their Somfy shares. They were to indicate their preference between the ex-dividend date of 2 December 2014 and 12 December 2014.
The distribution thus proposed gave rise to the allocation of 4,809,484 Edify shares and cash payments to 2,626,063 Somfy shares. Payment occurred today, concurrently with the admission of the Edify shares to trading on the Euro MTF organised market of the Luxembourg Stock Exchange2.
The 251,136 Edify shares not subscribed by Somfy shareholders have been acquired by Edify for €50 per share. The first 200,620 shares have been cancelled as part of a capital reduction transaction, with the remaining 50,516 being retained by Edify as treasury shares and to support the liquidity contract.
The planned demerger of the Group's two divisions, consideration of which by the Supervisory Board began on 14 May 2014, has therefore taken place as expected and as scheduled. To date, Somfy no longer holds any Edify shares.
Contacts
Somfy: Pierre Ribeiro - Tel: +33 4 50 40 48 49 / Jean-Michel Jaud - Tel: +33 4 50 96 70 65
Shan: François-Xavier Dupont - Tel: +33 1 44 50 58 74
1 The Edify company was incorporated last September. All Somfy Participations assets were transferred to it, with the exception of securities in CIAT and FAAC.
2 The prospectus for admission of the Edify shares to the Euro MTF market of the Luxembourg Stock Exchange can be downloaded from Somfy's website (www.somfy.com).