Key Developments: Groupe Monceau Fleurs SA (ALMFL.PA)

ALMFL.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Groupe Monceau Fleurs SA Updates on Modifications to Safeguard Plan
Thursday, 31 Oct 2013 01:02pm EDT 

Groupe Monceau Fleurs SA announced that the modifications to the Company's safeguard plan , which were approved by the Commercial Court in Paris on September 16, 2013, were submitted to a vote of bond holders on July 19, 2013. These modifications were the removal of the clause which allowed the absolute value of dividends due to other creditors as part of the plan to be maintained in case of the conversion of convertible bonds; the payment of debts due to GMF Holding, formerly known as Perceva Holding, by means of a capital increase reserved for GMF Holding; the payment of other debts in progressive annuities (2013 2% - 2014 6% - 2015 8% - 2016 10% - 2017 12% - from 2018 to 2020 – 15% - 2021 – 17%), and the payment of the first dividend on September 30, 2013. The Commercial Court in Paris having approved these measures, they have all been put into effect.  Full Article

Groupe Monceau Fleurs SA Acquired by Perceva-Reuters
Monday, 16 Sep 2013 08:00pm EDT 

Reuters reported that Perceva has taken control of Groupe Monceau Fleurs SA and now has an 80.5% stake in the Company.  Full Article

Groupe Monceau Fleurs SA Announces Results of Perceva's Tender Offer for Its Shares and Convertible Bonds
Wednesday, 31 Jul 2013 08:00pm EDT 

Groupe Monceau Fleurs SA announced the results of the simplified cash tender offer made by the company Perceva Holding (the "Bidder") at a unit price of EUR 0.63 per share and at a unit price of EUR 3.125 per convertible bond. 533,838 shares and 1,134,392 convertible bonds were tendered into the offer. As a result, upon settlement of the offer, the Bidder will hold 533,838 Groupe Monceau Fleurs SA shares (i.e. 7.37% of the share capital and at least 5.14% of the voting rights) and 1,134,392 convertible bond (i.e. 93.06% of the convertible bond).  Full Article

Perceva Holding Launches Simplified Public Tender Offer for Groupe Monceau Fleurs SA's Outstanding Shares and Convertible Bonds
Thursday, 11 Jul 2013 06:19am EDT 

Groupe Monceau Fleurs SA announced that following the protocol agreement signed on June 24,2013 by Perceva Holding, Perceva Holding's main shareholder France Special Situations Fund I (represented by its management company Perceva) and Groupe Monceau Fleurs SA's main shareholders (Laurent Amar, Laurent Amar Participations et Unigreen Finance SA) as well as BM Invest, Perceva Holding launched a simplified public tender offer for all the Company's outstanding shares and convertible bonds. The offer prices are: EUR 0.63 per share and EUR 3.125 per bond.  Full Article

Groupe Monceau Fleurs SA Announces Simplified Public Tender Offer for Its Shares by Perceva; Announces Details of Restructuring
Monday, 24 Jun 2013 12:46pm EDT 

Groupe Monceau Fleurs SA announced that Perceva Holding, Perceva Holding's main shareholder France Special Situations Fund I (represented by its management company Perceva) and Groupe Monceau Fleurs SA's main shareholders (Laurent Amar, Laurent Amar Participations et Unigreen Finance SA) as well as BM Invest have signed a protocol agreement regarding an investment in the Company. These shareholders currently hold 67.49% of the share capital and 70.92% of the voting rights in Groupe Monceau Fleurs SA. The protocol agreement has two parts: a restructuring of the Company's liabilities through its recapitalization and the renegotiation with bondholders of its debt, and restructuring of the Company which will focus its activity on its core business. The planned recapitalization involves reducing the nominal value of the Company's shares to EUR 0.15; a EUR 6.3 million capital increase reserved for Perceva Holding; the conversion of the debt held by Unigreen Finance SA and BM Invest into shares; a capital increase reserved for Perceva Holding equal to the value of debt acquired by Perceva Holding, and the transformation of the Company into a public limited company with a supervisory board and a management board. Perceva Holding will issue a simplified public tender offer for all the Company's shares not already held by the concert and all the Company's convertible bonds. The plan is subject to the condition that 50% of the convertible bonds in circulation are acquired.  Full Article

Groupe Monceau Fleurs SA Proposes No FY 2012 Dividend
Sunday, 23 Jun 2013 08:00pm EDT 

Groupe Monceau Fleurs SA announced that it will not propose a dividend for fiscal year 2012. The Company has not paid a dividend for the last three fiscal years.  Full Article

Groupe Monceau Fleurs SA Announces 2013 Cost Cutting Plan
Tuesday, 5 Feb 2013 12:07pm EST 

Groupe Monceau Fleurs SA announced it is to implement a restructuring plan in 2013 in order to cut operational costs. The plan includes a reorganization of its transport chain, which should have a positive impact for the Company estimated at EUR 0.7 million and cut transport costs for franchisees. The plan also includes an optimization of preparation costs via the opening of new units in the Netherlands, and an optimization of its products purchasing costs via partnerships with producers and exporters.  Full Article

Groupe Monceau Fleurs SA Announces Completion of EUR 2 Million Capital Increase
Thursday, 9 Aug 2012 11:40am EDT 

Groupe Monceau Fleurs SA announced that the capital increase with preferential subscription rights which it launched on July 12, 2012 at the price of EUR 2 per share has been completed. The subscription rate was 100%, and the Company has raised EUR 2 million.  Full Article

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