GL events
Welcome to the world of events.
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
GL events
Cannes Film Festival
For more than twenty years, GL events has been on the select guest list of the greatest film festival in the world, providing top-quality services for the event.
© Alexandra Fleurantin
Cannes Film Festival
Nuits Sonores
The 2016 Nuits Sonores are equipped by GL events Audiovisual.
© Laure Rousville
Nuits Sonores
Sao Paulo Expo inauguration
The inauguration of the expanded and renovated Sao Paulo Expo on 26 April was attended by more than 500 economic decision-makers.
© Rodrigo Lopes/studiolopes.com
Sao Paulo Expo inauguration
COP 21
The aim of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) was to negotiate a new universal agreement on climate change, in order to maintain global warming below 2°C. GL events supplied and assembled structures for this key event, and also provided audiovisual services, fixtures and fittings for the event spaces.
© Philippe Cler
COP 21
African Games
The Live! by GL events agency was in charge of organising the spectacular closing ceremony for the African Games.
© Myli Bourigault et Pierre Le Tulzo / Live! by GL events
African Games
Video City Paris
Organised by the producers of the Golden Moustache (M6 TV channel), the Studio Bagel (Canal+ TV channel) and Mixicom, in collaboration with Live! by GL events, Vidéo City brought together around a hundred of the most popular YouTube video creators. A genuine success!
© Philippe Cler
Video City Paris
Maison de la Mutualité
The Maison de la Mutualité was the former headquarters of the French mutual insurance federation . The venue has been managed by GL events since 2010. The Group has renovated the building to return it to its former glory. Today, the venue hosts all types of events, from business meetings and exhibitions to fashion parades.
Maison de la Mutualité
Equita
This is an event that horse-riding fans look forward to every year. Organised by GL events, Equita is the largest equestrian show in France. Each year, around 3,500 horses take part in the event which attracts over 150,000 visitors.
© PSV – Jean Morel
Equita
IMF and the World Bank
The Boards of Governors of the IMF and the World Bank met in Lima (Peru) this year to establish the main priorities and focuses for the two institutions. The production of this large-scale event was entrusted to a consortium made up of GL events and the event agency Stimulus.
© Joao Socola
IMF and the World Bank
Absolute
Spacious, elegant and with impeccable finishing, Absolute Triple Deck is an exceptional structure that combines robustness and aesthetics. Providing more than 25% additional interior surface area, this new events structure takes standards in excellence to a whole new level.
© Detail Ltd
Absolute
Back to Press releases 2004

Share repurchase programme

GL events

Public Limited Company (Société Anonyme) with capital of 54 256 412 €
Head Office Z.I. route d'Irigny (69) BRIGNAIS, FRANCE
351 571 757 RCS LYON

SHARE REPURCHASE PROGRAMME

Summary of the information note drafted pursuant to Article L 621-8 of the French Monetary and Financial Code and Articles 241-1 to 241-7 of the General Regulations of the AMF (receipt 04 939 dated 30 November 2004) issued in view of the authorisation requested from the Combined Annual and Extraordinary General Meeting of 17 December 2004 to initiate a share repurchase programme. This document was drafted by the issuer and incurs the responsibility of its signatories. The AMF receipt does not imply approval of the share repurchase programme or authentication of the accounting and financial information presented.

I - SUMMARY OF KEY POINTS OF THE TRANSACTION

- GL events share listed on the Second Market of the Paris Stock Exchange - ISIN Code: FR 0000066672
- Maximum percentage of capital repurchase authorised by the General Meeting: 10%
- Maximum unit purchase price: 35 euros - Minimum unit sale price: 12 euros
- Maximum overall amount of the programme: 20 million euros

 

II - OBJECTIVES OF THE PROGRAMME

The objectives of the repurchase programme are, in descending order of priority:
- to meet obligations associated with debt securities convertible into stock equity, or stock option programmes or other share allocations to employees of GL events, or an associate company,
- to exchange or transfer securities purchased in consideration for the contribution or acquisition of securities of a company outside the group within the framework of external growth acquisitions,
- stimulation of the market within the framework of a liquidity contract with an investment services provider and in compliance with a code of ethics approved by the AMF,
- the cancellation of the repurchased shares, through capital reduction.

The cancellation of shares is not envisaged.

 

III - PROCEDURE

GL events would be authorised to acquire 10% of its capital or 1,356,410 shares for a theoretical maximum amount of 47,474,350 euros.

Since GL events already holds 8,324 of its shares, representing 0.06% of its capital as at 29 November 2004, this would amount to acquiring at most up to 1,348,086 shares, or 9.94% of the capital for 47,183,010 euros. However, the repurchase programme will be limited to a total of 20,000,000 euros.

The company will be entitled to use the totality of the authorised programme and will not exceed, at any time, directly or indirectly, the legally authorised threshold of 10% of its capital.

Acquisitions may be made by any means, on the market or by mutual agreement, and by acquisition of blocks, in whole or in part.

This programme may only be exercised for a maximum of 18 months, until 17 June 2006.

 

IV - FINANCIAL IMPACT OF THE REPURCHASE PROGRAMME

GL events intends to ensure the financing of repurchases using its own resources and through the use of short- or medium-term debt for additional needs that may exceed its self-financing capability. The self-financing capability from consolidated cash flow for 2003 amounted to 32.7 million euros and 19.6 million euros for the first half of 2004. As at 30 June 2004, the consolidated net cash position amounted to 33.7 million euros, shareholders' equity was 124.1 million euros and consolidated debt net of cash was 60.4 million euros.

The share repurchase programme, with the exception of any results achieved from the resale of securities on the market, is not intended to diminish the number of shares in circulation by cancellation of the shares acquired. Indeed, the company does not intend to use Resolution No. 2 which gives the company the right to cancel the repurchased shares. Thus, it should not have a significant impact on the equity of the company.

The memorandum document approved by the AMF is held available free of charge to any person who so requests at the Head Office of GL events and can be consulted at:
www.gl-events.com as well as on the AMF (www.amf-france.org).

 

 

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 : infos.finance@gl-events.com


Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

Download

Request for financial information

Annual report -
Registration document 2015


Company report
2015