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Elior Group (Euronext Paris: ELIOR) reported its total number of shares as of April 30, 2022, at 172,444,229. The gross total of voting rights stands at 172,444,229, while the net total, after accounting for shares without voting rights, is 172,265,950. Shareholders must notify the company if their holdings exceed or fall below 1% of total shares or voting rights within five days. This regulatory notice adheres to French commercial law and highlights the importance of shareholder transparency.
On March 31, 2022, Elior Group reported a total of 172,444,229 shares in capital and 172,444,229 gross voting rights. The net voting rights stood at 172,264,049. Shareholders are required to notify the company if their shareholding reaches or exceeds 1% of total shares or voting rights, as stipulated by the French Commercial Code. This obligation includes notification for both increases and decreases in shareholding below the specified thresholds. Elior Group is listed on Euronext-Paris.
Elior Group announced that as of February 28, 2022, the total number of shares in the capital is 172,444,229, resulting in a gross total of voting rights of 172,444,229. The net total of voting rights is recorded at 172,274,006. Under French law, shareholders are obligated to notify the company if they reach or exceed a threshold of 1% of shares or voting rights. This notification is required within five days of exceeding the threshold.
On March 1, 2022, Philippe Guillemot resigned as CEO of Elior Group for personal reasons, effective immediately. The Board appointed Bernard Gault as interim CEO, acknowledging Guillemot's contributions during challenging times. Gault, an independent director since 2018, will lead the company while a new CEO is sought. The board maintains a diverse composition, with 50% independence. No severance is due to Guillemot, who forfeits long-term compensation. Elior Group, a major player in contract catering, reported revenues of €3.690 billion for fiscal 2020-2021.
Elior Group has announced a share buyback program authorized during the Annual General Meeting on February 28, 2022. The program allows for the repurchase of up to 10% of the company's capital, with a maximum investment of €172 million and a per-share purchase price limit of €10. This initiative aims to enhance shareholder value through capital reduction, liquidity maintenance, and stock option plan allocations. It will run for 18 months, concluding on August 27, 2023.
ELIOR GROUP disclosed its total share and voting rights information as of January 31, 2022. The company has 172,444,229 shares in capital with a gross total of voting rights matching this figure. The net total of voting rights stands at 172,314,303, accounting for shares without voting rights. The announcement reiterates the legal obligations for shareholders to declare holdings of 1% or more of shares or voting rights and the necessity for timely notifications upon exceeding or falling below these thresholds.
Elior Group reported key shareholder data as of
The annual shareholders' meeting for Elior Group will occur on February 28, 2022, at 5:00 p.m., in Paris. The statutory notice was published on January 19, 2022, and details such as the agenda and voting procedures are available on the company's website. Elior Group, a leader in contract catering and support services, reported €3.69 billion in revenue for the 2020-2021 fiscal year and operates over 22,700 locations with a workforce of 99,000 employees. Shareholders can access further documents and communicate with BNP Paribas Securities Services for any inquiries.
Elior Group reported a strong revenue growth of €1,116 million for Q1 2021-2022, up from €945 million year-over-year, reflecting organic growth of 16.7%. The company achieved 85% of pre-COVID revenues for the same quarter in 2018-2019. Despite a retention rate of 91.3%, Elior suspended its financial guidance due to uncertainty from stricter health measures against the Omicron variant. Liquidity stood at €500 million at the end of December 2021, down from €539 million previously.
As of December 31, 2021, the liquidity contract between ELIOR GROUP and NATIXIS ODDO BHF showed significant resources in its liquidity account. The account held 97,043 shares and €492,501.46. Initially, there were 91,782 shares and €329,518.25. From July 1 to December 31, 2021, a total of 1,800 purchase and 1,706 sale transactions were recorded, totaling 872,004 shares worth €5,326,862.62 in purchases and 868,191 shares worth €5,341,846.99 in sales.
