Suite à la finalisation de l'OPA qu'il a lancé en novembre 2017, Schneider Electric devient actionnaire majoritaire d'IGE+XAO, avec 70,89% du capital et 61,86% des droits de vote.
Par ailleurs, le Conseil d'Administration fait lui l'objet de quelques changements notamment suite au départ de 3 administrateurs au profit de 4 nouveaux administrateurs occupant des postes au sein de Schneider Electric.
IGE + XAO is a software publisher which designs, produces and markets a selection of computer software programs referred to as Computer Aided Design (CAD). These CAD software products have been conceived to help manufacturers in the design and maintenance of the electrical part of production processes and finished products (Electrical CAD). Co.'s activities also include rendering of services to customers, assistance and training programs for customers. Co.'s operations can be divided geograhically in two categories: France and Foreign countries.
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On 9 May 2019, the Company issued convertible bonds for a total principal amount of EUR 150 million. The sole agenda item relates to the proposed approval and ratification, in accordance with Article 556 of the Belgian Companies Code, of conditions of the convertible bonds in case of a change of control. These are standard provisions and they are in line with the market practice. Hence, we see no reason for shareholder concern and recommend to approve.
General: Hella is a leading automotive supplier with over 125 locations in some 35 countries. In financial year 2018/2019, the Company generated sales of EUR 7.0bn with around 39,000 employees. Hella specialises in innovative lighting systems and vehicle electronics in its segments Automotive and Aftermarket. Furthermore, in its Special Applications segment, Hella develops, manufactures and sells lighting and electronic products for specialist vehicles. As of 31 May 2019, a total of 60.00% of the Company's shares were covered by a pool agreement of family shareholders. A total of 62 members o...
In general, NN Group is in compliance with the Dutch regulations relating to the organisation and procedures of the Extraordinary General Meeting. On August 12, 2019, the Company announced that Mr. Lard Friese stepped down as CEO of the Company to become the new CEO of Dutch competitor Aegon. ECGS notes that the sole agenda item of this EGM (ITEM 2) concerns the intended appointment of Mr. David Knibbe as CEO and member of the executive board of NN Group. According to Dutch law and the Company's Articles of Association, shareholders are NOT entitled to vote on such agenda item; it is a discus...
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