Verallia Retention Commitment
Verallia (Paris:VRLA) has been informed that Mr. João Moreira Salles, the Kaon Investment Fund ICAV fund acting only for its Kaon V sub-compartment, the Lepton Fund Ltd., the company BW Gestão de Investimentos Ltda. and the company Brasil Warrant Administração de Bens e Empresas SA, on the one hand, as well as Mr. Michel Giannuzzi, Chairman and CEO of Verallia, and the members of the Giannuzzi family group, on the other hand, signed on April 16th, 2021 a collective retention commitment under the Dutreil law relating to 32,305,694 Verallia shares representing 26.21% of the capital and voting rights of the company on the date of the commitment.
This retention commitment was entered into pursuant to article 787 B of the General Tax Code for a period of two years, not renewable by tacit agreement. It does not contain any clause providing for preferential conditions for the sale or acquisition of Verallia shares in favor of the signatories and does not constitute a concerted action vis-à-vis the company Verallia.
About Verallia - At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world’s most sustainable packaging material. We work in common cause with our customers, suppliers and other partners across the value chain to develop new healthy and sustainable solutions for all.
With around 10,000 people and 32 glass production facilities in 11 countries, we are the leading European and the third largest producer globally of glass containers for food and beverages, providing innovative, customized and environmentally-friendly solutions to more than 10,000 businesses around the world.
Verallia produced more than 16 billion bottles and jars and achieved revenues of €2.5 billion in 2020. Verallia is listed on compartment A of the Euronext Paris stock exchange (Ticker: VRLA – ISIN: FR0013447729) and belongs to the SBF 120, CAC Mid 60, CAC Mid & Small et CAC All-Tradable indexes. For more information, visit www.verallia.com .
Certain information included in this press release does not constitute historical data but constitutes forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which Verallia operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include those discussed or identified under Chapter 3 "Facteurs de Risques" in the Universal Registration Document dated 29 April 2020, approved by the AMF under number R. 20-006. The Universal Registration Document, which also includes the report on corporate governance, the statement of non-financial performance (Déclaration de performance extra-financière – DPEF) and a description of the Company’s share buy-back program are available on the Company’s website (www.verallia.com) and the AMF’s website (www.amf-france.org). These forward-looking statements and information are not guarantees of future performances.