Cegid Group: press release
27 Avril 2017 - 7:06PM
PRESS RELEASE
Cegid Group's 2016 Annual
Financial Report will be available on the Company's website
www.cegid.fr (in French, link "investisseurs") as of April 28,
2017.
The Shareholders' Meeting will be
held on Thursday June 29, 2017, at 6.00 pm, at the head office, 52
quai Paul Sédallian, 69009 Lyon (France). Among the items on the
agenda is the approval of the financial statements for the year
ended December 31, 2016.
Cegid Group had previously
announced that it would change its dividend distribution policy. In
light of the Company's strategy for growth and investment, the
Board of Directors believes it is important for the Company to
improve its financial flexibility and to focus its financial
resources on its operations and on the financing of its plans for
capital expenditure and development.
As a result, the Board of
Directors decided at its meeting of April 27, 2017 to recommend to
shareholders that they not pay a dividend on 2016 earnings.
The Company's future dividend
policy will be based on its financial needs and on its growth and
development. Consequently, as the new controlling shareholder
Claudius France announced at the time of the tender offer, there
can be no guarantee as to the distribution of dividends in future
years.
The invitation to the
Shareholders' Meeting will be published in the Bulletin of Legal
Announcements (BALO) by the date required under the law and will
include the draft resolutions to be submitted to a shareholder vote
during the Meeting.
This English
translation is for the convenience of English-speaking readers.
However, only the French text has legal value. Consequently, the
translation may not be relied upon to sustain any legal claim, nor
should it be used as the basis of any legal opinion. Cegid Group
expressly disclaims all liability for any inaccuracy
herein.
Financial communication
Cegid Group
52 quai Paul Sédallian
69279 Lyon Cedex 09
Tél : +33 (0)4 26 29 50 20
dirfin@cegid.fr
/http://investors.cegid.com
Stock market: Euronext Paris
Compartiment B
ISIN Code : FR0000124703
Reuters : CEGI.PA
Bloomberg : CGD FP
ICB : 9537 Software
Indices : CAC ALL SHARES - CAC
ALL-TRADABLE - CAC MID & SMALL
CAC SOFT. & C.S. - CAC
TECHNOLOGY - NEXT 150
Cegid Group: press
release
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announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: CEGID GROUP via Globenewswire