ARGAN: The Le Lan Family and Predica renew their pact for a 5-year period
22 Octobre 2024 - 7:30PM
UK Regulatory
ARGAN: The Le Lan Family and Predica renew their pact for a 5-year
period
Press release – Neuilly-sur-Seine, October 22, 2024
– 7.30 pm
The Le Lan Family and
Predica
renew their pact for a 5-year period
The Le Lan family1 and Predica, the
Crédit Agricole Assurances subsidiary, confirm their mutual trust
by signing a new five-year agreement2. Effective from
October 15, 2024, it replaces the previous agreement made in
20193, while reaffirming not acting in concert with
regard to Argan (noting that members of the Le Lan family act in
concert with each other regarding Argan).
As part of this renewal, it is planned that
Argan's governance will evolve with a streamlined Supervisory Board
of six members, down from the current eight, aiming to increase the
effectiveness of this central governance body. This change will be
submitted for approval at the next Ordinary General Assembly, which
will rule on the accounts for the financial year ending December
31, 2024. The Supervisory Board would then be composed
of4:
- 3 members
proposed by the Le Lan family;
- 2 independent
members, in accordance with the recommendations of the Middlenext
and AFEP-MEDEF corporate governance codes;
- Predica, as a
legal entity.
The new pact also provides the Le Lan family and
Predica with the ability each to propose the appointment of a
non-voting observer (censor) on the Supervisory Board. The two
permanent committees of the Supervisory Board (the Audit, risks and
sustainability Committee & the Nomination and remuneration
Committee) will be maintained in their current configuration, each
continuing to be chaired by one of the two independent members of
the Supervisory Board.
The stakeholders have agreed to meet again
before the pact's expiration, on October 14, 2029, to potentially
define the terms of a new agreement.
Note that since Argan’s capital increase on
April 235, the respective holdings in Argan's capital
are
36.7% for the Le Lan family and 15.0% for Predica.
2025 financial calendar (Publication of the
press release after closing of the stock exchange)
- January 3: Net sales of 4th quarter 2024
- January 16: Annual results 2024
- March 20: General Assembly 2025
About ARGAN
ARGAN is the only French real
estate company specializing in the DEVELOPMENT & RENTAL OF
PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of
its market. Building on a unique client-tenant-centric approach,
ARGAN builds pre-let PREMIUM warehouses for
blue-chip clients and supports them throughout all project phases
from the development milestones to the rental management.
Profitability, tight control over our debt and sustainability are
at the heart of ARGAN’s DNA. Its strongly
proactive ESG policy has very concrete results with our Aut0nom®
concept, the “in-use” Net Zero warehouse.
As at June 30, 2024, our portfolio represented 3.6 million sq.m,
across about a hundred warehouses, exclusively located in the
continental part of France, and this portfolio was valued €3.8
billion for a yearly rental income of about €200
million.
ARGAN is a listed real estate investment company
(French SIIC), on Compartment A of Euronext Paris (ISIN
FR0010481960 - ARG) and is included in the Euronext SBF 120, CAC
All-Share, EPRA Europe and IEIF SIIC France indices.
www.argan.fr
Francis Albertinelli – CFO
Aymar de Germay – General Secretary
Samy Bensaid – Head of Investor Relations
Phone: +33 1 47 47 47 40
E-mail: contact@argan.fr
www.argan.fr |
Marlène Brisset – Media relations
Phone: +33 6 59 42 29 35
E-mail: argan@citigatedewerogerson.com
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1 The Le Lan family consists of Mr. Jean-Claude
Le Lan, Mr. Jean-Claude Le Lan (junior), Mr. Ronan Le Lan, Mrs.
Véronique Le Lan, Mr. Nicolas Le Lan,
Mrs. Charline Le Lan, Mrs. Alexia Le Lan, Mr. Charles Le Lan, and
Mrs. Karine Weisse, as well as the family company Kerlan (Kerlan
SAS, a company 100% controlled by certain members of the Le Lan
family).
2 The main provisions of the new shareholders' agreement are
reproduced in AMF notice No. 224C2019, available on the AMF
website.
3 For more information, refer to the press
release dated July 10, 2019.
4 Subject to certain minimum holding assumptions regarding the
representation of the Le Lan family and Predica.
5 For more information, refer to the press
release dated April 24, 2024.
- 20241022 - Shareholding pact Le Lan Family & Predica
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