Changes to the Shareholding Structure
SES-imagotag (Euronext: SESL, FR0010282822), the global leader in digital solutions for physical retail, has taken note of the sale, on 22 November 2022, by BOE Smart Retail (Hong Kong) Co., Limited, a wholly-owned subsidiary of BOE Technology (HK) Limited, of 1.5 million shares of SES-imagotag in a private placement made by way of an accelerated book-building, at a price of €112.00 per share.
Upon completion of the sale of the shares (the delivery of which is expected to occur on or about 24 November 2022), BOE Smart Retail (Hong Kong) Co., Limited (which currently holds approximately 42% of the share capital and voting rights of SES-imagotag) will have its equity stake reduced to approximately 32% of the share capital and voting rights of SES-imagotag. This transaction will further improve the free float of SES-imagotag shares, which is set to increase from 40% before the placement, to 48%.
Prior to this private placement, SESIM and BOE completed their separation, effective on November 17. SESIM is therefore now the second largest shareholder of SES-imagotag, directly holding 12% of SES-imagotag's share capital and voting rights.
Following the private placement on November 22, 2022, the composition of the Board of directors will be modified to reflect the change in the shareholding structure.
After the above transaction is completed, the capital structure of the Group will be as follows:
|Shareholders||Capital and voting rights (%)|
|BOE Smart Retail (Hong Kong) Co., Limited||32%|
|Yuanhan Materials Inc (E-Ink Group)||5%|
* The majority of SESIM's share capital is held by SES-imagotag's management team (including Mr. Thierry Gadou, Chairman and Chief Executive Officer)
About SES-imagotag and the VUSION Retail IoT platform
SES-imagotag is a world leader in smart digital labels and IoT solutions for physical retail, serving over 300 large retailer groups around the world in Europe, Asia and North America.
SES-imagotag has developed the VUSION Retail IOT technology platform to help retailers transform their physical stores into high value digital assets, more automated, data-driven, and connected in real-time to suppliers and consumers. VUSION improves the agility, precision and accuracy of prices, whilst ensuring the omnichannel synchronization of prices, product information and marketing campaigns. The platform developed by SES-imagotag also optimizes in-store order preparation and restocking. VUSION improves employee satisfaction by freeing up time from cumbersome low value-added tasks and allowing them to focus on customer service and merchandizing tasks. VUSION connects shelves to the Cloud, providing real-time accurate information on product availability and location, allowing for reduced inventory, out-of-stock and waste, as well as improved on-shelf availability and merchandizing compliance. VUSION empowers consumers with better product, nutritional and traceability information at the shelf and enables a frictionless in-store shopping experience with features such as product search, pathfinding and cashier-less scan & pay features.
SES-imagotag supports the United Nations' Global Compact initiative and has received in 2022 the Gold Sustainability Rating from EcoVadis, the world's reference of business sustainability ratings
SES-imagotag is listed in compartment A of Euronext™ Paris
Ticker: SESL – ISIN code: FR0010282822 – Reuters: SESL.PA – Bloomberg: SES
Investor Relations: Labrador – Raquel Lizarraga / +33 (0)6 46 71 55 20 / email@example.com
This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements give the current expectations and projections of SES-imagotag relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “may,” “estimate,” “plan,” “project,” “will,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond SES-imagotag' control that could cause the SES-imagotag' actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include those discussed or identified under Chapter 2 of the Universal Registration Document of SES-imagotag, approved by the French Autorité des marchés financiers (AMF) on 7 July 2022 under number R.22-033 and available on SES-imagotag's website (www.ses-imagotag.com) and the AMF's website (www.amf-france.org). Such forward-looking statements are based on numerous assumptions regarding SES-imagotag' present and future business strategies and the environment in which it will operate in the future. Accordingly, readers of this press release are cautioned against relying on these forward-looking statements. These forward-looking statements are made as of the date of this press release. In addition, the forward-looking financial information included in this press release has not been audited by SES-imagotag's statutory auditors.
This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.