Orange Belgium completes its capital increase by contribution in kind – Nethys exchanges its stake in VOO Holding for newly issued shares of Orange Belgium
May 02 2024 - 1:00PM
Orange Belgium completes its capital increase by contribution in
kind – Nethys exchanges its stake in VOO Holding for newly issued
shares of Orange Belgium
Press releaseBrussels, 2 May 2024Regulated
information – Inside information
Orange Belgium completes its capital increase
by contribution in kind – Nethys exchanges its stake in VOO Holding
for newly issued shares of Orange Belgium
On 2 May 2024, the shareholders’ meeting of
Orange Belgium SA (the “Company”) approved the
contribution in kind by Nethys SA (“Nethys”) of
its 25% (+ 1 share) stake in VOO Holding SA (“VOO
Holding”) to the capital of the Company in exchange for
newly issued shares of the Company. Following the capital increase,
Nethys holds a total of 7,467,448 shares in the Company,
representing 11.08% of the share capital.
In application of Article 15 of the Law of 2 May
2007 on the disclosure of major shareholdings in issuers whose
shares are admitted for trading on a regulated market, the Company
publishes, by means of a press release and on its website, (i) the
total share capital, (ii) the total number of securities with
voting rights and (iii) the total number of voting rights, at the
latest at the end of each month in which any of these numbers has
changed.
Situation as of 2 May 2024
- Total of share
capital:
EUR 148,149,004.74
- Total number of securities granting the voting
right:
67,412,205
- Total number of voting rights (= denominator):
67,412,205
This situation (the denominator) serves as a
basis for the notification of major shareholdings by shareholders.
In accordance with Article 42 of the articles of association of the
Company, the applicable statutory thresholds for notifications are
set at three per cent (3%), five per cent (5%) and multiples of
five per cent (5%) of the total number of voting rights.
The Company was also informed of the existence
of a shareholders’ agreement relating to the Company, entered into
between Atlas Services Belgium SA and Nethys on 2 May 2024,
granting Nethys the right to propose candidates for two
directorships in the Company, as well as veto rights over certain
reserved matters relating to VOO’s business.
About Orange BelgiumOrange Belgium is one of the
major telecommunication operators on the Belgian market, with
revenues of 1,749 million euros in 2023 and over 3 million
customers on 31 December 2023, and in Luxembourg, via its
subsidiary Orange Communications Luxembourg. Thanks to its own
fixed and mobile networks, Orange Belgium offers both residential
and business customers fixed and mobile connectivity services and
convergent offerings (internet, telephony, television, including
original TV content: Be tv, VOOsport, etc.). As a responsible
operator, Orange Belgium invests to reduce its ecological footprint
and promote sustainable and inclusive digital practices. Orange
Belgium is also a wholesale operator, offering its partners access
to its infrastructure as well as a broad portfolio of connectivity
and mobility services, including offerings based on Big Data and
the Internet of Things (IoT).
Orange Belgium is a subsidiary of the Orange
Group, present in 26 countries with a total customer base of 298
million customers worldwide on 31 December 2023. The Group is also
a leading provider of global IT and telecommunication services to
multinational companies under the brand Orange Business.
Orange Belgium is listed on the Brussels Stock
Exchange (OBEL).
For more information on the internet and on your
mobile: corporate.orange.be, www.orange.be or follow us on Twitter:
@pressOrangeBe Orange and any other Orange product or service names
included in this material are trademarks of Orange or Orange Brand
Services Limited.
Press contactSven Adams – sven.adams@orange.com
+32 (0)486 36 47 22press@orange.be
Investors contactKoen Van Mol –
koen.vanmol@orange.com +32 (0)495 55 14 99ir@orange.be
- 20240502 PR Alcazar CIK UK vFIN
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