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Somfy no longer holds stake in Edify

Friday, 19 Dec 2014 11:45am EST

Somfy SA:Says from today Somfy does not hold any Edify share anymore.On Nov. 27 Somfy shareholders were offered for every share an Edify share worth 50 euros ($61) or 50 euros gross in cash.4,809,484 Edify shares were distributed; cash was paid to holders of 2,626,063 shares.The 251,136 Edify shares not given to Somfy shareholders were acquired by Edify at 50 euros per share.Project to separate the group's two branches of activity has taken place according to plan.

Empire AB moves warehousing and logistics, shuts down Baltics office and focuses activities to Sweden

Thursday, 11 Dec 2014 03:14am EST

Empire AB:Empire AB.Says moves warehousing and logistics, shuts down its sales office in the Baltics and focuses its activities to Sweden.Says makes annual savings of about 4.5 million Swedish crowns.Says moving warehousing and logistics represents a significant cost reduction in stock, cargo and personnel starting from March 2015.

Somfy announces demerger of two operating divisions

Thursday, 27 Nov 2014 01:05pm EST

Somfy SA:Announces demerger of two operating divisions, Somfy Activities and Somfy Participations.Decides to proceed with exceptional distribution of reserves either in cash payment or in shares in Edify company at discretion of shareholders.Shareholders to be offered option of receiving one Edify share valued at 50 euros, or a gross cash amount of 50 euros, for each Somfy share held.Preference to be indicated between Dec. 2 and Dec. 12.

Somfy supervisory board approves separation of Somfy Activites and Somfy Participations

Wednesday, 15 Oct 2014 11:40am EDT

Somfy SA:Supervisory Board approves separation of Somfy Activites and Somfy Participations.In first stage on Oct. 29 assets of Somfy Participations will be transferred to Edify, a company created specially for the operation.In second stage there will be exceptional distribution to shareholders of Edify shares or cash.Exceptional distribution will be an Edify share valued at 50 euros or 50 euros gross in cash.Edify will be listed on the Euro MTF market of the Luxembourg stock exchange.

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