Report
Jehanne Leroy
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U10 - Assemblée Générale Extraordinaire des actionnaires du 13 décembre 2019

La société propose comme nouvelle dénomination sociale : "U10 Corp". Cette nouvelle dénomination sociale ne semble pas impacter négativement les actionnaires. En revanche, elle semble donner une dimension plus internationale, ce qui pourrait laisser penser à un potentiel projet de transformation en Société Européenne. Toutefois, cette décision serait soumise à l’approbation des actionnaires lors d’une assemblée générale. Proxinvest recommandera donc l'approbation.

Underlying
U10 Corp SA

U10 creates specialized product lines developed around household and personal leisure goods and accessories, outsources production to subcontractors and sells them to distributors and importers. Co. has two business divisions. The Full Services division is primarily focused on French distributors and provides sales and logistics services. The Trading and Full Container division operates in China and Spain. It proposes turnkey merchandising lines to importers. It processes unit orders involving larger volumes than those for the Full Services division with longer delivery periods on a full container basis to the customer's own logistics platforms.

Provider
Proxinvest
Proxinvest

Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

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Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.

Proxinvest is independently-owned and only works for investors : Proxinvest does not provide consulting services to the companies it covers, mitigating related risks to its clients and ensuring the independence of our analysis. As a result Proxinvest is able to take a robust, independent, engaged and unconflicted view of the companies in which our clients invest.

As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide. 

Analysts
Jehanne Leroy

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