Welcome to our dedicated page for ELIOR UNSP/ADR news (Ticker: ELORY), a resource for investors and traders seeking the latest updates and insights on ELIOR UNSP/ADR stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ELIOR UNSP/ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ELIOR UNSP/ADR's position in the market.
Elior Group announces key changes in the compensation package of its Chairman and CEO, Daniel Derichebourg, for the fiscal year 2022-2023. He will surrender his fixed salary of 900,000 euros and cap his short-term variable compensation to 500,000 euros, reducing potential earnings by over 70%. Long-term variable compensation is capped at 750,000 euros, marking a reduction of more than 50%. Derichebourg aims to show solidarity in restoring operating margins and align his interests with stakeholders. The Board approved these changes during its April 18, 2023 meeting. The fixed compensation has remained unchanged for seven years. Previous CEO, Bernard Gault, earned 495,000 euros from October 2022 until his departure on April 18, 2023.
Elior has emerged as a global leader in contract catering and multiservices following the successful acquisition of Derichebourg Multiservices, approved by over 99% of shareholders. This acquisition reduces the company’s debt leverage from 8.3x to 6.2x and is expected to generate at least €30 million in annual recurring EBITDA synergies by 2026. A new governance structure has been established, enhancing Derichebourg SA's role as the reference shareholder, while independent directors will have a reinforced position. Daniel Derichebourg has been appointed as Chairman and CEO, succeeding Bernard Gault, who praised the transformation and transition. The shareholders' meeting, attended by over 1,100 participants, also approved a new Board composition, strengthening the group’s strategic profile and operational efficiency.
ELIOR GROUP has reported its share and voting rights data as of March 31, 2023. The total number of shares stands at 172,713,507, resulting in a gross total of 172,713,507 voting rights. After accounting for shares without voting rights, the net total of voting rights is 172,615,183. Shareholders are reminded of their obligation to notify the company if their holdings exceed or fall below certain thresholds of voting rights, specifically at 1% increments. This announcement is in compliance with French Commercial Code regulations, aiming to ensure transparency in shareholder ownership.
The combined shareholders’ meeting of Elior Group is scheduled for April 18, 2023, at 10:00 a.m. in Paris. Shareholders will vote on the proposed acquisition of Derichebourg Multiservices, aimed at establishing a leader in contract catering and multiservices. Other agenda items include governance renewals. The statutory notice was published on March 13, 2023, and meeting documents have been available since March 27, 2023, on the company's website. Elior Group reported €4.45 billion in revenue for fiscal 2022 and serves over 3 million customers daily across its global operations.
Elior Group announced the issuance of 269,278 new shares, which represents 0.16% of its total share capital, following the completion of the 2020 free share plans. This increases the company's share capital from €1,724,442.29 to €1,727,135.07, divided into 172,713,507 shares. The decision was authorized by the Board of Directors on March 20, 2020, and aligned with the Combined General Meeting's resolution from March 22, 2019. Elior Group, a leader in contract catering and support services, generated €4.45 billion in revenue for fiscal 2021-2022 and operates over 20,250 restaurants globally.
ELIOR GROUP, listed on Euronext Paris under the symbol ELORY, announced its share and voting rights update as of February 28, 2023. The total number of shares stands at 172,444,229, with a gross total of voting rights also at 172,444,229. The net total of voting rights after deductions is 172,413,862. Shareholders are reminded of their obligation to notify the company regarding any changes in their shareholdings, particularly when reaching thresholds of 1% in total shares or voting rights. This notification must occur within five trading days of exceeding these thresholds.
Elior Group has announced a significant milestone in its acquisition of Derichebourg Multiservices, paving the way for the establishment of a new leader in contract catering and multiservices. A Combined Shareholders’ Meeting is set for
Elior Group has announced a share buyback program authorized at the Annual General Meeting on February 23, 2023. The program aims to enhance shareholder value and maintain liquidity in the market. Key features include a maximum purchase of up to 10% of the company’s capital, at a maximum price of €10 per share, with a total investment cap of €172 million. The buyback program will last 18 months, from February 23, 2023, to August 22, 2024. The shares may be used for various purposes including share cancellation and employee plans, aiming to stabilize the share price and contribute to the company's strategic growth.
ELIOR GROUP has reported its share and voting rights data as of January 31, 2023. The company has a total of 172,444,229 shares, leading to a gross total of 172,444,229 voting rights. The net total of voting rights, after accounting for shares without voting rights, stands at 172,332,114. Shareholders holding 1% or more of shares or voting rights must notify the company within five trading days of reaching this threshold. This regulation is applicable each time a multiple of 1% is exceeded. The company is listed on Euronext Paris under the ISIN code FR0011950732.
The annual combined shareholders’ meeting of Elior Group is scheduled for February 23, 2023, at 9:00 a.m. in Paris. The statutory notice of the meeting was published on January 16, 2023, and details are available on the company's website. Shareholders can consult the documents relating to the meeting at the company’s head office or request them directly. Elior Group, a leader in contract catering, reported revenues of €4.45 billion in fiscal 2022, operating in five countries and serving over 3 million people daily.
