Combined General Meeting of 15 July 2021 and finalisation of the reorganisation of Tikehau Capital
The Combined General Meeting of Tikehau Capital (Paris:TKO)
was held today under the chairmanship of Mr. Christian de Labriffe,
Chairman of the Supervisory Board, and was broadcast live on the
Company’s website where a replay will also be available.
The quorum was 92.89% and all
resolutions proposed by the Manager relative to the simplification
of the Group’s organisation, as announced on 20 May 20211, were
adopted with an approval rate close to 100%.
In particular, the General
Meeting approved the following resolutions:
- Significant reduction in the preferred dividend and appointment
of a new General Partner;
- Merger of Tikehau Capital General Partner into Tikehau
- Partial contribution of assets granted by Tikehau Capital
Advisors to Tikehau Capital, allowing the transfer of the Group’s
central corporate functions to Tikehau Capital;
- Capital increase of Tikehau Capital in consideration of the
merger and the contribution;
- Appointment of two new Managers and adoption, in accordance
with the say-on-pay approach, of a new remuneration policy
applicable to the Managers with a significantly reduced quantum
compared to the previous policy.
All conditions precedent having been satisfied, the operational
reorganisation announced by Tikehau Capital in its press release
dated 20 May 2021 is effective as of today. Following the
completion of the reorganisation, the number of shares and voting
rights of Tikehau Capital now stands at 175,318,3442.
The reorganisation, retroactive to 1 January 2021, results in a
materially improved financial profile for Tikehau Capital and
allows for a revised dividend policy to increase value for
The detailed voting results of the General Meeting held today
will be published on the Company’s website at:
www.tikehaucapital.com (section: Shareholders > GM > Combined
General Meeting 15 July 2021).
The documents relating to the merger and contribution operations
announced by the Company in its press release dated 20 May 2021
(and, in particular, the exemption document waiving the obligation
to publish a prospectus prepared in connection with the merger and
contribution operations) may be consulted and downloaded from the
Company’s website (www.tikehaucapital.com, section Shareholders
> GM > Combined General Meeting 15 July 2021).
- 29 July 2021 (after market close): Assets under
management at 30 June 2021
About Tikehau Capital
Tikehau Capital is a global alternative asset management group
with €29.4 billion of assets under management (as of 31 March
2021). Tikehau Capital has developed a wide range of expertise
across four asset classes (private debt, real assets, private
equity and capital markets strategies) as well as multi-asset and
special opportunities strategies.
Tikehau Capital is a founder led team with a differentiated
business model, a strong balance sheet, proprietary global deal
flow and a track record of backing high quality companies and
Deeply rooted in the real economy, Tikehau Capital provides
bespoke and innovative alternative financing solutions to companies
it invests in and seeks to create long-term value for its
investors, while generating positive impacts on society. Leveraging
its strong equity base (€2.8 billion of shareholders’ equity as of
31 December 2020), the firm invests its own capital alongside its
investor-clients within each of its strategies.
Controlled by its managers alongside leading institutional
partners, Tikehau Capital is guided by a strong entrepreneurial
spirit and DNA, shared by its 607 employees (as of 31 March 2021)
across its 12 offices in Europe, Asia and North America. Tikehau
Capital is listed in compartment A of the regulated Euronext Paris
market (ISIN code: FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com
This document does not constitute an offer of securities for
sale or investment advisory services. It contains general
information only and is not intended to provide general or specific
investment advice. Past performance is not a reliable indicator of
future earnings and profit, and targets are not guaranteed.
Certain statements and forecasted data are based on current
forecasts, prevailing market and economic conditions, estimates,
projections and opinions of Tikehau Capital and/or its affiliates.
Due to various risks and uncertainties. actual results may differ
materially from those reflected or expected in such forward-looking
statements or in any of the case studies or forecasts. All
references to Tikehau Capital’s advisory activities in the US or
with respect to US persons relate to Tikehau Capital North
_________________________ 1 See press release dated 20 May 2021.
2 The number of shares and voting rights before the reorganisation
stood at 136,318,344.
version on businesswire.com: https://www.businesswire.com/news/home/20210715005843/en/
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