Report
Jehanne Leroy
EUR 508.94 For Business Accounts Only

Etude de l'AG du 28/07/2017

Les actionnaires sont convoqués pour d'une part approuver le projet de cession de l'activité Mobile du groupe à GibMedia (intégralement détenue par BJ Invest) et pour approuver les augmentations de capital sans DPS ayant été rejetées lors de l'AG de mai 2017.

L'opération de cession proposée ne semble pas favorable aux actionnaires, notamment au regard des conditions financières proposées (GibMedia propose 6 M€ pour une activité qui dégage, notamment, un EBITDA de 5,06 M€).

Par ailleurs, les augmentations de capital sont toujours utilisables en période d'offre publique, ce qui en fait un arsenal anti-OPA non conforme au libre jeu de l'offre et des surenchères et à la démocratie actionnariale.

Underlying
Hipay Group SA

Hipay Group is engaged in payments to help its customers grow their businesses. Co.'s products include: Enterprise - An advanced single solution designed to handle all online payment needs; Marketplace - A solution to ensure funds allocation and compliance with regulations; Professional - A platform created for startups and growing businesses to simplify integration and provide online payments; Omnichannel - A solution dedicated to Point-of-Sale payments, Web-to-Store and Store-to-Web scenarios; HiPay Intelligence - An analytics tool to explore and analyze online and in-store activity; and HiPay Sentinel - A risk management solution to fight fraud and reduce chargebacks.

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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Analysts
Jehanne Leroy

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