Shareholders
Relationships with the reference shareholders and other elements related to possible public takeover bids.
Recticel nv/sa is controlled by a group of shareholders that are bound by a shareholders' agreement dated 22 August 2007. This shareholders' agreement runs for a period of three years and, except for early termination, is automatically renewable for periods of one year.
The shareholders' agreement provides that the shareholders will collectively support Recticel's strategy and that they will take on a collective position in the Annual General Meeting. A resale right and royalties right also exist.
These shareholders, linked by a shareholders' agreement, also act in consultation with Rec-Man & Co S.C.A., a company of Recticel managers, holding 295 836 Recticel shares (1.02 %), and other Recticel managers via a company and/or in personal name. In accordance with article 74 of the Law on Public Takeover, this group of shareholders have informed Recticel and the Authority for Financial Services and Markets (a.k.a. FSMA) of the legally stipulated notification.
