checkAd

    Public announcement in accordance with article 7  141  0 Kommentare 97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind - Seite 3

    “the proposed transaction (i.e. the contribution by Nethys of its 25% stake plus one share in VOO Holding to the Company, in exchange for 11% of the Company's share capital (after dilution)) is not detrimental to Orange Belgium within the meaning of Article 7:97 §3 of the Belgian Companies and Associations Code.

    In addition, the assessment made by the Company's statutory auditor of the proposed transaction in accordance with Article 7:97, §4 of the Belgian Companies and Associations Code states that “Based on our assessment, nothing has come to our attention that causes us to believe that the financial and accounting data contained in the opinion of the Committee of Independent Directors dated 4 March 2024 and the minutes of the Board of Directors dated 7 March 2024, supporting the proposed transaction, are not fair and sufficient in all material respects in light of the information available to us in our capacity as statutory auditor of Orange Belgium SA. “.

    Consequently, at its meeting of 7 March 2024, the Company's Board of Directors decided, on the basis of the opinion delivered by the committee of independent directors and taking into account the opinion of the statutory auditor, to submit the capital increase by contribution in kind for approval by the Company's extraordinary general meeting scheduled for 2 May 2024.

    About Orange Belgium
    Orange Belgium is one of the major telecommunication operators on the Belgian market, with revenues of 1,749 million euros in 2023 and over 3 million customers on 31 December 2023, and in Luxembourg, via its subsidiary Orange Communications Luxembourg. Thanks to its own fixed and mobile networks, Orange Belgium offers both residential and business customers fixed and mobile connectivity services and convergent offerings (internet, telephony, television, including original TV content: Be tv, VOOsport, etc.). As a responsible operator, Orange Belgium invests to reduce its ecological footprint and promote sustainable and inclusive digital practices. Orange Belgium is also a wholesale operator, offering its partners access to its infrastructure as well as a broad portfolio of connectivity and mobility services, including offerings based on Big Data and the Internet of Things (IoT).

    Seite 3 von 4



    globenewswire
    0 Follower
    Autor folgen

    Verfasst von globenewswire
    Public announcement in accordance with article 7 97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind - Seite 3 Press releaseBrussels, 29 March 2024Regulated information – Inside information Public announcement in accordance with article 7:97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind …