LANSON-BCC (EPA:ALLAN) - LANSON-BCC: GENERAL SHAREHOLDERS’ MEETING ON MAY 3, 2019 APPROVES THE DIVIDEND OF €0.50 PER SHARE AND THE TRANSFER OF THE LISTING OF LANSON-BCC SECURITIES FROM EURONEXT PARIS TO EURONEXT GROWTH
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03/05/2019 17:45
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PRESS RELEASE
GENERAL SHAREHOLDERS' MEETING ON MAY 3, 2019 APPROVES THE DIVIDEND OF EUR0.50
PER SHARE AND THE TRANSFER OF THE LISTING OF LANSON-BCC SECURITIES FROM
EURONEXT PARIS TO EURONEXT GROWTH
Reims, Friday May 3, 2019, 5:45pm - LANSON-BCC held its general meeting today
at Champagne Lanson in Épernay.
All the resolutions were adopted. The general meeting notably approved the
corporate and consolidated financial statements for the year ended December 31,
2018, and set the dividend for 2018 at EUR0.50 per share. The ex-dividend date
has been set for May 8, 2019. It will be paid out on May 10, 2019.
The general meeting also approved the proposal to transfer the listing of the
LANSON-BCC Group's securities from the regulated market Euronext Paris
Compartment C to Euronext Growth, and granted full powers to the Board of
Directors to initiate this procedure with Euronext.
During its meeting on May 3, 2019, the Board of Directors decided to carry out
this transfer. Subject to approval by Euronext, the company will be listed on
Euronext Growth with an accelerated procedure for admission to trading for the
existing shares, without issuing any new shares.
The LANSON-BCC Group has been listed on the stock market since 1996. Its
admission on Euronext Growth will be carried out subject to a minimum timeframe
of two months.
Taking into account the constantly increasing regulatory burden for companies
listed on the regulated market Euronext and the additional costs that this
generates, the Board of Directors considers that the transfer to Euronext
Growth will give the LANSON-BCC Group access to a market that is more
appropriate for its size. This transfer of its listing will enable it to limit
certain regulatory constraints and the costs involved with them. In addition,
the share's liquidity will be maintained.
Main consequences of the proposed transfer of the listing (non-exhaustive list)
In accordance with regulations, LANSON-BCC would like to remind shareholders
and the public about certain consequences of such a transfer:
* Protection of minority shareholders:
- The protection of minority shareholders, in the event of a change of control,
will be ensured on Euronext Growth by the mechanism for public tenders if the
threshold of 50% of the capital or voting rights is passed, directly or
indirectly, acting alone or in concert;
- Furthermore, in terms of changes in their shareholding structure, companies
listed on Euronext Growth only need to inform the market when the thresholds
representing 50% and 95% of their capital or voting rights are exceeded or
dropped below;
- However, in accordance with legislation, LANSON-BCC will, for three years
after its delisting from the Euronext market, remain subject to the system
governing mandatory public offers and its disclosure requirements will remain
the same concerning ownership thresholds and declarations of intent as
applicable for companies listed on Euronext.
* Periodic financial disclosures:
- Extension of the timeframe for publishing half-year accounts to four months
following the half year-end, including a balance sheet, income statement and
comments for the period.
- Free choice of accounting standards (French GAAP or IFRS) to prepare the
consolidated accounts.
Concerning these two points, LANSON-BCC is maintaining its previous practices
and will therefore notably continue to apply IFRS.
* Ongoing disclosures:
LANSON-BCC will continue to provide accurate, precise and fair disclosures, by
making public all privileged information concerning the company, in accordance
with the European Market Abuse Regulation (MAR). The terms of this regulation
will also continue to fully apply to LANSON-BCC, particularly with regard to
disclosures of transfers concerning the securities of its executives.
Indicative schedule of the transfer of the listing (subject to approval by
Euronext)
* March 27, 2019: information for the public concerning the proposed request
for admission (first press release)
* May 3, 2019: combined ordinary and extraordinary general meeting
* May 3, 2019: information concerning the definitive transfer decision (second
press release)
* Week of May 6, 2019: request to delist the securities from Euronext and
request for their admission on Euronext Growth
* From July 3, 2019: admission on Euronext Growth.
LANSON-BCC is a group built around eight Houses that produce Champagne wines,
created and led by Champagne families. It unites together outstanding Houses,
renowned for their unique wines and benefiting from the effective fit between
their customer segments. The blend of ancestral know-how and leading-edge
technical capabilities, creative independence and rational synergies enables
each one of its Houses to develop its performances, ensuring the LANSON-BCC
Group's sustainability.
* Champagne Lanson, prestigious House founded 1760, Reims, with 80% distributed
on international markets.
* Champagne Chanoine Frères, House founded 1730, Reims, wines intended
primarily for the European mass retail market (Chanoine brand), reputed above
all for its Tsarine cuvee.
* Champagne Boizel, House founded 1834, Epernay, French mail-order specialist
(BtoC), distributed in the traditional sector for international markets.
* Champagne De Venoge, House founded 1837, Epernay, sold on selective retail
markets, notably with its Princes range and its Louis XV grande cuvee.
* Champagne Besserat de Bellefon, House founded 1843, Epernay, distributed
through traditional networks (restaurants, wine stores), notably with the
Cuvée des Moines.
* Champagne Philipponnat, House founded 1910, Mareuil sur Aÿ, which owns the
renowned Clos des Goisses, with wines available exclusively on selective
retail markets as well as in the world's leading restaurants.
* Maison Burtin, Epernay, private-label supplier for the European mass retail
market and also producer of Champagne Alfred Rothschild.
* Champagne Alexandre Bonnet, Les Riceys, owner of a vast vineyard, with wine
sold in traditional sectors.
www.lanson-bcc.com
Euronext Compartment B
ISIN: FR0004027068
Ticker: LAN
Reuters: LAN.PA
Bloomberg: LAN:FP
Indices: CAC All Shares, CAC
Consumer Goods, EnterNext
PEA-PME 150
Eligible for SME share-based savings schemes
(implementing order of March 5, 2014)
LANSON-BCC
Nicolas Roulleaux Dugage
Tel: +33 3 26 78 50 00
investisseurs@lansonbcc.com
actionnaires@lansonbcc.com
CALYPTUS
Cyril Combe
Tel: +33 (0)1 53 65 68 68
cyril.combe@calyptus.net