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eDreams:Ardian Placed Among Institutional Investors All Of Its Shares, Representing 15.6% Of Company

EDR

Edreams Odigeo SA EDR:

  • ARDIAN HAS PLACED AMONG INSTITUTIONAL INVESTORS ALL OF ITS SHARES, REPRESENTING 15.6% OF COMPANY AT CLOSE OF BUSINESS ON DEC 8

  • CONSEQUENCE OF SELL DOWN, TWO MEMBERS OF BOARD OF DIRECTORS OF COMPANY APPOINTED BY ARDIAN, MS. LISE FAUCONNIER AND MR. DANIEL SETTON, HAVE RESIGNED AS PROPRIETARY DIRECTORS

  • PERMIRA, WHICH HOLDS 25.1% OF THE COMPANY'S ORDINARY SHARES, WILL CONTINUE TO BE MAJOR SUPPORTIVE SHAREHOLDER

  • ARDIAN'S DECISION TO EXIT IS DRIVEN BY LEGAL OBLIGATIONS LINKED TO RELEVANT FUND COMING TO END OF ITS TERM

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