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Zodiac Aerospace SA Announces Lock-Up Collective Agreement


Thursday, 21 Jun 2012 01:02am EDT 

Zodiac Aerospace SA announced that the main family shareholders of Zodiac Aerospace concluded and registered on June 18, 2012 towards the French fiscal administration collective retention agreements, in compliance with articles 787B and 885I bis of the French General Tax Code. These collective retention agreements will run for a two year period, tacitly extendible by periods of 12 months. Besides this, the family shareholders also agreed on a non selling agreement in order to pursue the consolidation of their retention agreement linked to specific tax system. This agreement will run for a first one year period, tacitly expandable by 12 month periods. The shares concerned by the above mentioned convention represent around 24% of capital stock and 35% of voting rights exercisable of Zodiac Aerospace. 

Company Quote

24.51
-0.605 -2.41%
23 Apr 2014