Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. SMCP S.A
  6. News
  7. Summary
    SMCP   FR0013214145

SMCP S.A

(SMCP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Shandong Ruyi Technology Group Co., Ltd : European TopSoho S.à r.l. EUR250 million 4% secured guaranteed bonds due 2021 exchangeable into shares of SMCP S.A. (ISIN XS1882680645) (the 'Bonds')

10/05/2021 | 02:01am EST

Shandong Ruyi Technology Group Co., Ltd Shandong Ruyi Technology Group Co., Ltd : European TopSoho S.à r.l. EUR250 million 4% secured guaranteed bonds due 2021 exchangeable into shares of SMCP S.A. (ISIN XS1882680645) (the 'Bonds') 05-Oct-2021 / 08:00 CET/CEST

-----------------------------------------------------------------------------------------------------------------------

European TopSoho S.à r.l.

EUR250 million 4% secured guaranteed bonds due 2021

exchangeable into shares of SMCP S.A. (ISIN XS1882680645) (the "Bonds")

LUXEMBOURG - Media OutReach - 5 October 2021 - European TopSoho S.à r.l. (the "Company") received an alleged default notice (the "Default Notice") from the Trustee on 4 October, 2021 and was notified of, among other things, the following (unless otherwise defined capitalised terms shall have the same meanings as those defined in the trust deed (as amended and supplemented by a supplemental trust deed) constituting the Bonds): 1. An event of default under the Bonds has claimed to be occurred and continuing under condition 14(a)(i) asa result of (i) the Company failing to redeem the Bonds in full in cash at their principal amount on the maturitydate pursuant to condition 11(a), and (ii) the Company and the Guarantor failing to remedy such default within fivebusiness days after receipt of the Written Notice. 2. The "Acceleration Notification Date" is claimed to be the date of the Default Notice, the "DefaultExercise Commencement Date" is claimed to be 7 October 2021 and the "Expiry Date" is claimed to be 18 October 2021,which shall be read in connection with Condition 8. 3. Any Bonds which remain outstanding as at close of business on the Expiry Date and which have not beenvalidly exchanged pursuant to the Exchange Rights will be allegedly immediately due and payable without furtherformality or notice at the Early Redemption Settlement Amount.

The Company is actively considering its options in relation to the current situation and will keep the market informed.

About European TopSoho S.à r.l.

European TopSoho S.à r.l. is an investment holding company established in Luxembourg. The Company is the controlling shareholder of SMCP S.A. which is a leading accessible luxury fashion company listed on the regulated market of Euronext Paris.

European TopSoho S.àr.l. is a subsidiary of Shandong Ruyi Technology Group Company Limited, the leading apparel manufacturer and fashion brands operator headquartered in Shandong, China.

Any requests for information can be directed to the Company or the Company's legal counsel.

Ince & Co., as legal advisor to the Company

Email: projectETS@incegd.com

Contacts

European Topsoho S.à r.l.: Mandy Man (europeantopsoho@chinaruyi.com.hk)

Ince & Co.: Eric Lui (projectETS@incegd.com)

-----------------------------------------------------------------------------------------------------------------------

Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

-----------------------------------------------------------------------------------------------------------------------

End of Announcement - EQS News Service

1238208 05-Oct-2021

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1238208&application_name=news

(END) Dow Jones Newswires

October 05, 2021 02:00 ET (06:00 GMT)

All news about SMCP S.A
11/18GLOBAL MARKETS LIVE : Baidu, Cisco, Nvidia, Amazon, Apple...
11/18FTSE Down, Pound Could Fall Vs Euro on BOE Rate Decisions, Brexit
DJ
11/18French Regulator Caught in Crossfire as SMCP Investor Battle Shows No Signs of Abating
DJ
11/17SMCP S A : Meeting of the board of directors of 17 November 2021
PU
11/17SMCP - Meeting of the board of directors of 17 November 2021
AQ
11/11SMCP Still in the Dark as Shareholder Battle Shrouds Future
DJ
11/05SMCP Shareholder Battle Heats Up as Bondholders Challenge Stake Disposal
DJ
11/05SMCP Launches $3 Million Share Buyback Program
MT
11/05SMCP - Implementation of a share buyback program
AQ
10/29GLAS Bondholder Group Aiming to Sell 29% Equity Stake At SMCP
CI
More news
Analyst Recommendations on SMCP S.A
More recommendations
Financials
Sales 2021 1 039 M 1 175 M 1 175 M
Net income 2021 20,4 M 23,1 M 23,1 M
Net Debt 2021 776 M 877 M 877 M
P/E ratio 2021 28,2x
Yield 2021 -
Capitalization 556 M 629 M 628 M
EV / Sales 2021 1,28x
EV / Sales 2022 1,12x
Nbr of Employees 5 816
Free-Float 55,8%
Chart SMCP S.A
Duration : Period :
SMCP S.A Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SMCP S.A
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 7,39 €
Average target price 9,24 €
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Isabelle Guichot Group Chief Executive Officer & Director
Patricia Huyghues Despointes Group Chief Financial Officer
Ya Fu Qiu Chairman
Olivier Malvezin Chief Operating & Digital transformation Officer
Orla Noonan Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SMCP S.A48.57%629
INDITEX12.29%103 067
KERING11.96%93 434
FAST RETAILING CO., LTD.-22.54%64 550
ROSS STORES, INC.-5.94%39 094
HENNES & MAURITZ AB-7.35%28 961