| ISSUE OF CONVERTIBLE BONDS A GOOD SHARE SUBSCRIPTIONS (OCABSA) – OPERATION ADDITIONAL NOTE |
Mauves, December 10, 2014 -. MECELEC announces the publication of a complementary offering circular relating to the issue being convertible bonds with share subscription (OCABSA)
. the complementary offering circular ( AMF visa n ° 14-638 ) shows the evolution axes occurred since the filing of the initial offering circular ( AMF visa n ° 14-597 ), namely the change in operational management and the decision to sell the subsidiary MECELEC INDUSTRIES.
| / New Operational Management |
Philippe Leydier is named now as Managing Director. Former CEO of EMIN-LEYDIER Group, it was previously advisor to the Board of Directors since his appointment by the General Meeting of 23 May 2013.
Philippe Leydier was immediately responsible for implementing the business strategy presented at the announcement of the issue OCABSA which opened November 24, 2014, namely:
- Completion of the transformation of the industrial tool
- Ramp up the technological innovation policy;
- Specific Development of Export in the Networks segment;
| / Assignment MECELEC INDUSTRIES |
The transfer of the subsidiary MECELEC INDUSTRIES activities project on the site of Mauves is abandoned in favor of a purposive load reduction by sale to an industrial polymer processing.
Established in 2012 by the acquisition of the business SOTIRA 73 and located in Chambery, MECELEC INDUSTRIES was solely focused on the commercial vehicle market, primarily through the mastery of compression technologies, RTM and painting. The fiercely competitive burden on suppliers of this market has not achieved satisfactory economic conditions for both the valuation of operations RTM and painting, and to cover the costs specific to a business structure size MECELEC INDUSTRY.
MECELEC continue to support the chip clients in the markets of the industrial vehicle, but through the only compression technology, including production facilities, located in Mauves is common to the Networks segment.
This supplementary offering circular is available free of charge at the company’s headquarters and on the www.mecelec.fr website.
The Board of Directors
About MECELEC:
Founded in 1934, MECELEC was originally a specialist in electrical network equipment. In the late 50s, the company chose the polyester for the manufacture of electrical connection material, hitherto metal.
MECELEC is now an industrial specialist in composite materials and plastics which the activity is over two segments:
- INDUSTRY – MECELEC has developed strong technical and industrial skills in processing thermosets and thermoplastic injection. This activity was enhanced by the creation of the site of St Agrève (1984), the acquisition of the NOBEL COMPOSITES (2003), followed by those of SADAC (2011) and SOTIRA 73 (2012), and more recently of BESACIER (2014), a specialist in fine metal stamping and deep drawing
- NETWORKS -. MECELEC is one of the few market players to offer a complete range of connection equipment between public networks ( electric, telecoms, gas and water) and their customers.
MECELEC generated consolidated revenues of € 43.6 million (2013) and has about 310 employees. Its main location is in Rhone Alps: Mauves and Saint Agrève (Ardèche), Saint-Etienne Saint-Geoirs (Isère), Corbas (Rhône) and Chambéry (Savoie) it has an establishment in Romania in Cluj-Napoca
The company is listed on Euronext Paris Compartment C. ISIN code: FR0000061244 – MCLC
Contacts.
.
NEWS LYON: Amalia NAVEIRA / Relations Analyst / Investor 04 72 18 04 92 anaveira@actus.fr
MECELEC: Michel-Pierre DELOCHE / CEO 04 78 95 98 22 mp.deloche@mecelec.fr
Regulated information
releases under ongoing disclosure requirements
– Other press
Full Release and original PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-38204-MEC-101214-Note-d_operation-complementaire-Emission-OCABSA.pdf
© Copyright Actusnews Wire
Receive by email the next releases of the company by registering on www.actusnews.com
Receive by email the next press releases of the company by Registering www.actusnews.com it, it’s free
© 2014 Actusnews
No comments:
Post a Comment