The Supervisory Board of SeLoger.com Decides to Convene an Extraordinary General Meeting of Shareholders in Order to Propose a Limitation of Voting Rights
PARIS, January 4, 2011 /PRNewswire-FirstCall/ -- A meeting of SeLoger.com's Supervisory Board was held on 3 January 2011. The Supervisory Board has decided, through an unanimous vote of all its members, to convene an Extraordinary General Meeting of shareholders ("EGM") in order to submit to the vote of SeLoger.com's shareholders a draft resolution providing for a limitation of the voting rights, capped at 15% of all voting rights attached to the shares of the Company. Such provision would be waived in case any shareholder would come to own, alone or acting in concert, at least 50.01% of the share capital or voting rights of the Company following successful completion of a public tender offer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080131/291759 )
This proposed amendment to the Company's articles of association, which occurs during the offer period, will be submitted to the approval of SeLoger.com's shareholders in the framework of Article L. 233-32 of the French Commercial Code. Such change in the Company's articles of association is in line with the Supervisory Board's stated objective to prevent any attempt of a creeping takeover of the Company as indicated in the reply document of the Company which received from the AMF visa ndegrees10-421 on 29 November 2010. Under no circumstances does it aim to prevent the success of any public tender offer that would be launched under terms and conditions considered as satisfactory by shareholders and accepted by them.
The EGM will take place on 20 January 2011 at 2.00 pm at the Holiday Inn hotel located 216 avenue Jean Jaures, 75019 Paris, France. The shareholders of the Company will be kept informed of the conditions of participation to the EGM as per applicable legal and regulatory provisions.
The Management Board of SeLoger.com, which also met on 3 January 2011, agreed on the proposed resolutions. Its report, approved the same day, recommends that shareholders vote in favour of the resolutions presented by the Supervisory Board. Consequently, during the EGM, the Chairman of the General Meeting will vote, on behalf of proxies received from shareholders, in favour of those resolutions proposed by the Supervisory Board.
Next events Extraordinary General Meeting: 20 January 2011 (2:00 pm) Annual turnover for 2010: 25 January 2011 (after market closing)
About Seloger.com
SeLoger.com has been the specialist leader of on-line real estate in France for the past 18 years. Its websites are available on any screen (computer, mobile phone and connected TV) and every day millions of French Internet users view the 1.1 million plus property ads posted by estate professionals at any time, from wherever they may be.
Be it a purchase or rental, resale or property development, in France or abroad, a business location or a demeure de charme, everyone can satisfy their property project through one of the Group's 7 websites:
- http://www.seloger.com - http://www.selogerneuf.com - http://www.immostreet.com - http://www.bellesdemeures.com - http://www.vacances.seloger.com - http://www.construire.seloger.com - http://www.agorabiz.com.
The Group also provides real estate professionals the broadest visibility of their ads with an audience of 3 million unique visitors and close to 15 minutes viewing per visitor via its different websites.
It is also the number-one supplier of Internet websites for real estate agencies and software transaction design for professionals with Pericles (Source: Mediametrie // Nielsen Netratings).
SeLoger.com has been listed on Euronext Paris (compartment B) since 30 November 2006 and is part of the following indexes: SBF 250, CAC MID 100, CAT IT and Euronext 100.
ISIN code: FR0010294595.
SOURCE SeLoger.com
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