Quadient - Bpifrance Investissement co-opted as an independent director of Quadient

Bpifrance Investissement co-opted
as an independent director of Quadient

Paris, 25 March 2024

Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announced today that the Board of Directors decided to approve the co-option of Bpifrance Investissement as an independent member of the Board of Directors, effective 22 March 2024. Bpifrance Investissement will be represented by Emmanuel Blot, Investment Director in Bpifrance Mid & Large Cap division.

Bpifrance Investissement succeeds Sébastien Marotte, who has decided not to stand for re-election at the Annual General Meeting convened to approve the financial statements for the year ending 31 January 2024, to devote himself entirely to his professional duties. Sébastien Marotte’s resignation is effective as of 20 March 2024 providing Bpifrance Investissement with the opportunity to join the Board ahead of the next Annual General Meeting and at the time of the FY 2023 results publication. Bpifrance Investissement’s mandate will extend through the remaining term of its predecessor, i.e., until the Annual General Meeting convened to approve the financial statements for the year ending 31 January 2024. During this Annual General Meeting, scheduled for 14 June 2024, Quadient shareholders will be asked to vote on the ratification of Bpifrance Investissement
co-option as well as on the renewal of its mandate.

The co-option of Bpifrance Investissement as an independent director of Quadient is in line with the governance agreement signed between Bpifrance Participations and Quadient in July 2023 and with the governance rules and appointment process applicable to Quadient's Board of Directors. This agreement provides, in particular, for the appointment of Bpifrance Investissement as an independent director to take place as soon as possible after the threshold of 8% of Quadient's share capital is crossed, either by co-option in the event of a vacancy on the Board or as part of a resolution submitted to the next Annual General Meeting. Bpifrance Participations crossed the 8% threshold in Quadient's capital on 27 November 2023.