Zodiac Aerospace press release
Collective Retention Agreement
Paris, June 22 2016 - The main family shareholders of the Zodiac Aerospace Company have on June 20, 2016, completed and registered with the French Tax Authority a collective retention agreement pursuant to Articles 787 B and 885 I of the French General Tax Code. This collective retention agreement runs for two years and may be tacitly renewed in 12-month periods.
The shares subject to the aforementioned agreement currently represent around 23% of the capital and 34% of the gross total voting rights attached to shares issued by Zodiac Aerospace.
Shareholders who are company officers or who hold over 5% of the capital or voting rights who have signed these agreements are: the Yannick Assouad family, the Louis Desanges family, the Didier Domange family, the Vincent Gerondeau family, the Robert Maréchal family, the Maurice Pinault family, the Marc Schelcher family and the Olivier Zarrouati family.
In addition, it should be noted that certain family shareholders agreed a non-transferability undertaking on June 18, 2012 in order to consolidate their collective retention agreements within the specific tax regimes. This undertaking, initially agreed for one year, is still in effect and may be tacitly renewed in 12-month periods. Apart from the non-transferability undertaking, it allows for respite on 10% of the number of shares promised by each signatory, provided the aggregate of the shares subject to the agreement does not come to represent less than 20% of the capital and voting rights of Zodiac Aerospace.
It is expressly specified that these commitments do not constitute a concerted action towards the Company.
About Zodiac Aerospace
Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircrafts and for helicopters and spacecrafts. It develops and manufactures state-of-the-art solutions to improve comfort and facilities on board aircrafts and high-technology systems to increase aircraft performance and flight safety. Zodiac Aerospace has 35,000 employees worldwide and generated revenue of €4.9 billion in 2014/2015. www.zodiacaerospace.com
Q4 2015/16 revenue
FY 2015/16 results
September 14, 2016 (after stock exchange closing)
November 22, 2016 (before opening)
ZODIAC AEROSPACE CONTACTS
Tel: +33 (0)1 61 34 25 68
Isabelle DELHOM (Investors meetings)
Tel : +33 (0)1 61 34 19 86
61, rue Pierre Curie - CS20001 - 78373 PLAISIR CEDEX
MEDIA/PRESS CONTACTS - IMAGE 7
Tel: +33 (0) 1 53 70 74 61 / Upreneaume@image7.frU
Tel: +33 (0) 1 53 70 74 61 / Uglucas@image7.frU
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zodiac Aerospace via GlobeNewswire