Damartex : Reduction of Share Capital and Delegation of Authority for Capital Increases
July 16, 2020 at 01:11 pm EDT
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PRESS RELEASE - 16 JULY 2020
Minutes of the General Meeting of 16 July 2020
Reduction of Share Capital and Delegation of Authority for Capital Increases
The Extraordinary General Meeting was held today behind closed doors.
It was held under the chairmanship of Mr Jean Guillaume Despature, Chairman of the Supervisory Board.
The officers of the Meeting were also Mr Anthony Stahl, representing the J.P.J.D. SCA company and Mr Paul Georges Despature, shareholders, as tellers, appointed by the Management Board. Its secretariat was provided by Ms Marie- Pierre Bouchahdane.
The Meeting approved all the resolutions submitted to it.
It has therefore decided to reduce the share capital by an amount of 66,276,000 Euros, by reducing the nominal value of the ordinary shares from 14 Euros to 5 Euros. The number of shares making up the capital remains unchanged.
The share capital now amounts to 36,820,000 Euros. It is divided into 7,364,000 ordinary shares with a par value of 5 Euros each.
Said Meeting also delegated its authority to the Management Board to issue ordinary shares with preferential subscription rights.
PROFILE
The Damartex Group, one of the leading European retailers for seniors, aims to become the European leader in the silver economy. It includes three divisions:
"Fashion" - Damart, Afibel, La Maison du Jersey, Xandres
"Home & Lifestyle", 3Pagen, Vitrine
Magique, Coopers of Stortford, Jours Heureux, Delaby
"Healthcare" - Sedagyl, Santéol The Group is mainly operating in France, the UK, Belgium and Germany.
www.damartex.com
Damartex SA published this content on 16 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2020 17:10:01 UTC
Damartex is one of the European largest distributors for seniors (over 55 years-old), with its eleven names Damart, Afibel and Xandres for the «Fashion» activity, 3 Pagen, Coopers of Stortford, Vitrine Magique and Delaby for the «Home & Lifestyle» activity, Sédagyl, Santéol, MSanté and Medical Santé for the «Healthcare» activity. The group develops an omni-channel strategy differentiated according to the name and country.
Products were being marketed through catalogs, stores and Internet.
The group is mainly present in France, the United Kingdom, Belgium and Germany.
Net sales are distributed geographically as follows: France (51%), the United Kingdom (24.1%), Benelux (16.9%), Germany (6.9%), Switzerland (0.4%) and Austria (0.7%).
DAMARTEX 
