Egide: New Management & 2022 Annual Financial Report
June 02 2023 - 1:00AM
Egide: New Management & 2022 Annual Financial Report
Bollène, June 02, 2023 – 07 : 00 am (CET)Press
Release For immediate release
NEW MANAGEMENT
The Board of Directors of Egide Group, meeting
on June 1, 2023, announces that it has accepted the resignation of
Mr Jim COLLINS as Chairman and Chief Executive Officer of the
Group. Mr Jim COLLINS remains an employee of Egide USA, as director
of the US entities to be sold, and a member of the Board of
Directors.
The position of Chairman and Chief Executive
Officer is now split between:
- the Chairman's position, which has
been delegated to and accepted by Mr Michel FAURE (Board member
since 2016) ;
- the Group's CEO position is
delegated to and accepted by Mr Philippe BRINGUIER, which he will
combine with his position as Chief Financial Officer;
- Mr David HIEN, General Manager of
the Bollène facility in France, is appointed Deputy CEO of Egide
SA.
The Group will update the market regularly on
the progress of the restructuring and sale of its US units.
2022 ANNUAL FINANCIAL REPORT
Egide Group also its shareholders of the delay
in the publication of its 2022 Annual Financial Report, due to
ongoing discussions concerning the project to sell its US
subsidiaries. Some work and documents for the annual report have
been delayed and are still in progress.
Egide Group is therefore announcing that the
publication of its 2022 Annual Financial Report, including the
statutory auditors' reports, originally scheduled for April 30,
2023, will be postponed to June 15, 2023 at the latest, and will
inform the market of its availability by means of a press
release.
The Annual General Meeting of June 30, 2023 will
therefore be held as announced at 10:30 a.m. in Paris - Salons de
l'Hôtel Ibis - Paris Gare de Lyon, 31 bis Boulevard Diderot, 75012
Paris.
Pending the publication of its 2022 Annual
Financial Report, Euronext Growth has transferred the Company's
shares to the FN - SHARES - Penalty bench/Non-Compliant issuers
Paris listing group since June 1, 2023, in application of article
7.3 1(v) of the Euronext Growth rules.
Some financial institutions do not allow the
purchase of securities in this listing group. Egide invites
investors to contact their bank. If the company has not regularized
its situation by June 30, the quotation could be suspended.
As soon as its 2022 Annual Financial Report is
published, Euronext Growth and Egide Group will respectively issue
a press release informing the market of the re-admission of Egide
shares to their traditional listing group and the reopening of
their listing.
FINANCIAL CALENDAR
Annual Financial
Report: scheduled
for release by June 15General Meeting:
June
30, 2023 - 10:30 am CET- Paris2023 HY Revenue:
July
19, 2023
CONTACTS
EGIDE –Philippe
Bringuier – Chief
Executive Officer and Chief Financial Officer
- +33 4 90 30 35 94 –
pbringuier@fr.egide-group.comFIN’EXTENSO – Isabelle Aprile
- Press Relations - +33
6 17 38 61 78 – i.aprile@finextenso.fr
About EGIDE - Keep up to date with all the Group's news
online: www.egide-group.com
and LinkedIn
Egide is a group with an international
dimension, specialized in the manufacture of hermetic packages and
heat dissipation solutions for sensitive electronic components. It
operates in cutting edge markets with strong technology barriers to
entry in all critical industry segments (Thermal Imaging.
Optronics. High-Frequency. Power Units…). Egide is the only pure
player in this market niche with manufacturing bases in France and
the United States.
EGIDE is listed Euronext Growth Paris™-
ISIN : FR0000072373 - Mnémo :
ALGID
- Egide-PR-New-Management-06022023
Egide (EU:ALGID)
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