Already present in South Africa through its subsidiary GL events South Africa, GL events announces that it has acquired a 60% majority stake in Johannesburg Expo Centre 2002 Pty Ltd (JEC).

GL events had a consolidated annual revenue of €1,041 million in 2018, up 9% (9% on a like-for-like basis). A total of 50% of the year's business was generated in international markets.

The City of Saint-Étienne has demonstrated its confidence in GL events by renewing its management contracts with the Group for 30 years. The contracts concern four venues: the Convention Centre, the Exhibition Park, La Verrière-Fauriel event venue, and the event spaces at the Cité du Design.

This represents an estimated annual turnover of €7 million.

The City of Caen has also signed a 4-year contract with GL events for the management and operation of its Exhibition Centre and Convention Centre.

The Group announces the successful completion of its capital increase operation. The final amount of the operation amounts to €106.7 million and results in the issue of 5,996,557 new shares.

The proceeds of this Capital Increase will be used to finance the Group's external growth operations, mainly in Asia (China and Japan), and to secure management contracts for new venues.