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Patrimoine et Commerce SCA Updates on Planned Merger with Fonciere Sepric SA


Friday, 16 Nov 2012 02:00am EST 

Patrimoine et Commerce SCA announced that following the agreement signed by its Supervisory Board, the Company and the two major shareholders in Fonciere Sepric SA, Mr. Philippe Vergely and Mr. Bernard Robbe, who with their families respectively hold 38.58% and 23.90% of the share capital, on November 16, 2012 signed treaties organizing the concomitant intake of their shares in Fonciere Sepric to the Company. The treaties will be submitted to the approval of the general meeting to be held on December 21, 2012. Under these treaties, the contributions would be paid by the issue of the total of 2,611,213 shares at the value of EUR 17.25 per share by the Company with the exchange ratio of 11 shares of the Company for 20 shares of Fonciere Sepric in addition to the payment of the total of EUR 4,320,376.97 representing EUR 0.91 per share. 

Company Quote

21.0
-0.7 -3.23%
11 Jul 2014