Pierre et Vacances S.A: Extension of the Exclusivity Agreement Entered into with Alcentra, Fidera and Atream until March 4, 2022
18 Février 2022 - 7:00PM
Business Wire
Postponement of the annual general meeting
to March 31, 2022
Regulatory News:
Pierre et Vacances S.A (Paris:VAC), holding company of the
Pierre & Vacances – Center Parcs group (the “PVCP
Group”), reminds that on December 17, 2021 it entered into an
exclusivity agreement with a group of investors consisting of
(i) Alcentra (also a financial creditor of the PVCP Group),
(ii) Fidera (also a financial creditor of the PVCP Group)
and (iii) Atream (also an institutional landlord of the PVCP
Group) (together the "Investors") with a view to
strengthening its equity.
The exclusivity period, which initially ran until January 31,
2022, has been extended to February 18, 2022.
In order to allow negotiations to continue and to formalize an
agreement with all parties, the Investors have extended their
binding offer until March 4, 2022. The parties have correspondingly
agreed to extend the term of the exclusivity period granted to the
Investors until such date.
As a reminder, the main terms and conditions of the proposed
transaction are set out in the press release dated December 20,
2021. The Company will provide further details on the
characteristics of the proposed transaction as soon as the binding
agreement is concluded.
In this context and in order to allow the Company to update the
various preparatory documents for the general meeting to be made
available to shareholders within the legal deadlines, the Board of
Directors has decided to postpone to March 31, 2022 the annual
general meeting initially convened for March 15, 2022. The agenda
of this meeting remains unchanged. The Company’s universal
registration document for fiscal year 2020/2021 will be made
available by March 10, 2022 at the latest, together with the
various reports to be prepared for this meeting.
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version on businesswire.com: https://www.businesswire.com/news/home/20220218005457/en/
Investor Relations and Strategic Operations Emeline Lauté
+33 (0) 1 58 21 54 76 info.fin@groupepvcp.com
Press Relations Valérie Lauthier +33 (0) 1 58 21 54 61
valerie.lauthier@groupepvcp.com
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