SHOWROOMPRIVE: Evolution of SRP Group Shareholders / Group Activities as of the end of May 2022-June 22, 2022 07:00

Evolution of SRP Group shareholders

Group activities as of the end of May 2022

  • Strengthening David Dayan in the SRP Group’s capital after simultaneous signing of a contract related to the sale of all of Thierry Petit’s shares

    1

    Person who completed the work in the group on December 31, 2021.

    • Approximately 11.7% of the capital will be reclassified within the concert between the founders according to certain conditions of the precedent.

    • Approximately 2.5% of the capital will be sold to existing shareholders (excluding the majority of concerts).When

    • SRP Groupe will repurchase 4 million shares (approximately 3.3% of capital) with the aim of providing a free stock plan in favor of Group employees and managers.

  • SRP Groupe will provide the latest information on its activities at the end of May 2022.

Saint-Doni, June 22, 2022 –

SRP Groupe will join David Dayan after the company’s co-founder Thierry Petit has signed an agreement related to the sale of all 20,932,963 shares he holds (directly or indirectly). Announced the strengthening of David Dayan in capital. About 17.61% of our capital.

This withdrawal from SRP Groupe’s capital is one of the pursuits of the latter, following the announcement of Thierry Petit’s decision to withdraw from his business functions within SRP Group on October 21, 2021 and December 31, 2021. It is a department. A personal project created by Made-for-all.com, the main investor in impact projects (ecosystem migration, health, education and leisure, responsible consumption and production, agriculture).

David Dayan’s reinforcements in the capital

We were informed of the conclusion by Thierry Petit

[1]

Agreement with David Dayan


[2]

With a view to reclassifying the latter 13,932,963 shares, it accounts for approximately 11.7% of our capital.

The sale, priced at € 1 per share, has the effect of strengthening David Dayan’s participation in sub-concerts among the company’s founders. Payments will be made in cash of up to € 10 million and the rest will be made in exchange for shares of unlisted companies outside the SRP Group.

Upon completion of this sale, Thierry Petit will no longer hold shares in the company and will no longer be part of a concert between the founders or a concert with Carrefour. He will resign from the board of directors by the end of the year.

This sale waives the obligation to submit a public offering and eliminates all reimbursement claims, subject to the conditions prior to obtaining the decision from Autorité des Marchés Financiers.

Strengthening shareholders in company capital (excluding majority vote)

We were also informed of the conclusion by Thierry Petit

[3]

Agreement with Eric Sitruk


[4]

At a price of € 1 per share, with a view to the latter’s acquisition of 3 million shares, which is about 2.5% of our capital. This sale is subject to Carrefour’s waiver of its initial veto and may be completed within a few days.

Eric Citruque is already a shareholder of the Company and currently holds approximately 5% of the Company’s capital, strengthening his investment in the capital within the framework of this business.

David Dayan demanded that Eric Sitruk owns more than 7% of the capital and, if so, promised to vote in favor of appointing Eric Sitruk as a board member. ..

SRP Groupe repurchases shares for the purpose of retaining group employees and managers

SRP Groupe announces signing contract with Thierry Petit


[5]

To meet the existing free stock plan in favor of Group employees and managers, to purchase 4 million SRP Group shares at a price of € 1 per share, or approximately 3.36% of the capital. is. It will be installed soon, subject to the adoption of 23.

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A resolution submitted to the General Assembly on 22 June 2022.

We take advantage of Thierry Petit’s opportunity to withdraw from the SRP Group’s capital, without diluting existing shareholders, at a price that is considered low considering the current price, and a free share plan. I wanted to secure the delivery of shares based on. Our stock shows a discount of about 16% compared to the previous market price and a discount compared to the average price of 1 month, 3 months and 6 months, and our existing cash on development. It does not burden the flow. needs. This disposition is funded by our available cash.

This sale is also subject to Carrefour’s initial veto waiver and may be completed within a few days.

This agreement, which constitutes a regulated agreement, was so approved by the Board of Directors of the Company on June 21, 2022.

Group SRP activities at the end of May

At the end of the first quarter of the fiscal year, we announced our ability to demonstrate satisfactory EBITDA across 2022 and expected a decline in sales in the first half of the year.

As previously available and as expected, Showroom privé confirms that activity in the second quarter of this year is set to follow the same downtrends observed in the first quarter.

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The 2022 quarter. The company also states that as of the end of May 2022, EBITDA had reached approximately 9 million euros.

The results for the first half of 2022 will be announced as scheduled on July 28, after the financial results at the end of June and the review by Audit & Supervisory Board Members.

David Dayan, Co-Founder and CEO of Showroom privé, said:

Over the last 15 years, Showroom privé has become a major player in French e-commerce. I am fully mobilized, not just management and all employees, to pursue the development of the group. We are confident that Showroom privé has all the assets to ensure long-term growth. Showroom privé is a company with great potential that I am completely confident about, which is why I decided to strengthen my presence in the capital. This is also a collective adventure, which is why the group buys back shares in order to allocate shares to the specific employees and managers who run Showroom privé on a daily basis. I believe in them, us, and Showroom privé.

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The following information

  • Shareholders’ Meeting on June 22, 2022

  • FY2022 Financial Results July 28, 2022

Future-oriented statement

This press release contains only summary information and is not intended to provide details.

This press release may contain information and statements regarding future prospects for the Group and its subsidiaries. These statements include financial forecasts and estimates and their underlying assumptions, plans, objectives and expectations of future businesses, future products and services, and statements of future performance. Forward-looking statements can be identified by expressions such as “believe,” “expect,” and “goal.” The Group believes that the expectations reflected in such forward-looking statements are reasonable, but the Group’s investors and shareholders are concerned that the forward-looking information and statements are subject to a number of risks and uncertainties. Note that many are difficult to predict and generally exceed it. Group management. This may cause actual results and events to differ materially and unfavorably from those communicated, implied, or indicated by such forward-looking information and statements. These risks and uncertainties were created or identified in documents that the Group has submitted or will submit to Autorité des marchés lenders, especially those detailed in Chapter 4 of our registration document. Things are included. We undertake no commitment to publish updates to future outlook information, whether as a result of new information, future events, or other factors.

About showroom private

Showroom privé is a European player selling innovative, fashion-focused online events. Showroom privé offers a daily selection of over 3,000 partner brands on mobile applications or websites in France and 6 other countries. Since its founding in 2006, the company has grown rapidly.

Showroom Prive, which is listed on the Euronext Paris market (code: SRP), achieved total trading volume including VAT in 2021.

[5]

It has nearly 1 billion euros and net sales of 724 million euros. The group is headed by co-founder David Dayan and employs more than 950 people.

For more information, please visit http://showroomprivegroup.com.

contact address

Showroom privé

Tadeo

Sylvie Chan Diaz, Investor Relations

+33 6 58 53 45 91

[email protected]

[email protected]


[1]

TPInvestHolding S.àrl alone through a holding company

[2]

Ancelle S. à rl through its retention

[3]

Through the holding company TPInvestHolding S.àrl

[4]

Directly or through an entity that it controls.

5]The business volume (“GMV”) represents the total amount of invoiced transactions, including all taxes. Therefore, it includes total Internet sales, including marketplace sales, other services, and other revenues.


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Regulatory information:


Acquisition or disposal of issuer shares:

-Repurchase program description


Complete original press release in PDF format:

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