JCDecaux SA: proposal for conversion to a European Company
March 05 2020 - 11:40AM
JCDecaux SA: proposal for conversion to a European Company
JCDecaux SA: proposal for conversion to a
European Company
Paris, March 5th, 2020 – JCDecaux
SA (Euronext Paris: DEC), the number one outdoor
advertising company worldwide, has announced the decision of the
Executive Board, with the approval of the Supervisory Board, to
submit a proposal to its shareholders for its conversion to a
European Company (Societas Europaea, SE), at the next Annual
General Shareholders Meeting, to be held on May 14th, 2020.
Used by a growing number of companies across
Europe, SE is a legal status recognised in all EU countries. This
change of status would reflect the Group’s international reach,
particularly in Europe, where it is present in 23 of the 27 EU
countries and the world leader in outdoor advertising.
The plan would have no impact on the governance
or activities of JCDecaux SA, nor would it impact the stock market
where JCDecaux is listed, but would align the Group’s legal
organisation with its economic and social situation. With almost
52% of its workforce based in Europe, the Group is deploying
significant shared resources across the continent (particularly in
France, Germany, Spain), in order to support its R&D policy,
data and programming strategy and supply chain during its digital
transformation.
Converting to a European Company would change
the company’s legal status but would not impact the existing rights
of shareholders and stakeholders or affect the location of the
company’s head office in France. The procedures applicable to
social dialogue within JCDecaux SE will be discussed with social
partners over the coming weeks.
The conversion plan will be submitted during the
Annual General Meeting of Shareholders of JCDecaux SA, scheduled
for May 14th, 2020.
Key Figures for JCDecaux
- 2019 revenue: €3,890m
- Present in 3,890 cities with more than 10,000 inhabitants
- A daily audience of more than 890 million people in more
than 80 countries
- 13,210 employees
- Leader in self-service bike rental scheme: pioneer in
eco-friendly mobility
- 1st Out-of-Home Media company to join the RE100 (committed to
100% renewable energy)
- JCDecaux is listed on the Eurolist of Euronext Paris and is
part of the Euronext 100 and Euronext Family Business indexes
- JCDecaux is recognised for its extra-financial performance in
the FTSE4Good index and the MSCI and CDP ‘A List’ rankings
- 1,061,630 advertising panels worldwide
- N°1 worldwide in street furniture (517,800 advertising
panels)
- N°1 worldwide in transport advertising with more than 160
airports and 270 contracts in metros, buses, trains and tramways
(379,970 advertising panels)
- N°1 in Europe for billboards (136,750 advertising panels)
- N°1 in outdoor advertising in Europe (636,620 advertising
panels)
- N°1 in outdoor advertising in Asia-Pacific (260,700 advertising
panels)
- N°1 in outdoor advertising in Latin America (69,490 advertising
panels)
- N°1 in outdoor advertising in Africa (22,760 advertising
panels)
- N°1 in outdoor advertising in the Middle East (15,510
advertising panels)
For more information about JCDecaux, please
visit jcdecaux.com. Join us on Twitter, LinkedIn, Facebook,
Instagram and YouTube.
Communications
Department: Agathe Albertini+33 (0) 1 30
79 34 99 – agathe.albertini@jcdecaux.com
Investor
Relations: Arnaud Courtial+33 (0) 1 30 79
79 93 – arnaud.courtial@jcdecaux.com
- 05-03-20 # JCDecaux SE_UK
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