As an integrated Group operating in all event professions, GL events works in three major segments:
event organisation, event venue management and services for fairs, congresses and events.
© Odile Decq architect / Felice Varini – Altitude 150
Highly successful capital increase of €77.6 million
GL events' rights issue between 13 and 26 September 2007 that included preferential subscription rights was a major success. The Group's historical shareholders subscribed for 1,975,147 shares or 99.2% of their rights out of the total 1,990,304 shares included in the offering. The remaining 15,157 shares were oversubscribed 27 times.
Gross proceeds from the offering totalled €77.6 million.
In accordance with its undertakings, Polygone SA, GL events' majority shareholder (with 56.1% of the capital before the rights issue) subscribed for 85% of its share. Polygone SA now holds 55.08% of the share capital and 65.15% of the voting rights of GL events.
The shares will listed and available for settlement-delivery on 10 October 2007. On this date, the number of ordinary shares comprising the share capital of GL events will be increased to 17.912-740. The new shares will rank pari passu with existing shares, be traded under ISIN code FR0000066672 and carry rights to dividends for fiscal 2007.
GL events wishes to thank all shareholders subscribing to this issue for their confidence and support during a challenging period for such transactions, along with the partners, CIC-Vizille Capital Finance, CM-CIC Securities and BNP Paribas that assisted the Group and acted as underwriters of the offering.
Ambitious goals for 2010
The capital increase will give GL events Group resources to accelerate its expansion.
For 2010 the Group has set a target for consolidated sales of €900 million versus €496 million in fiscal 2006 by significantly increasing the contribution of venue and event management in the revenue mix.
To attain these goals, GL events will pursue and accelerate its strategy of upstream integration in the event cycle contributing to increased growth potential, visibility and earnings by:
- Optimizing the growth potential of recent acquisitions,
- Taking advantage of market opportunities offering the greatest potential in the sectors of:
On this basis, GL events intends to pursue balanced growth across the entire event industry chain.
Partners in the rights issue
and Co-Lead Manager
and Joint Bookrunner
2007 third-quarter sales, 23 October (after the close of trading)
GL events, bringing people together
Managing Director Corporate Finances and Administration : Erick ROSTAGNAT
Telephone : + 33 4 72 31 54 20
Fax : + 33 4 26 20 42 00
Email : firstname.lastname@example.org
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581
Erick Rostagnat - Managing Director Corporate Finances and Administration:
Tel : +33(0)4 72 31 54 20