Résultats de l'Assemblée Générale annuelle et point sur la trésorerie disponible pour le déploiement du plan de dévelo...
12 März 2021 - 8:00AM
Résultats de l'Assemblée Générale annuelle et point sur la
trésorerie disponible pour le déploiement du plan de développement
Press
release
Ecully, 12 March 2021 – 8 a.m.
Approval of the General Meeting’s
resolutionsSolid cash position to continue
development
The Combined General Meeting of Spineway’s
shareholders was held upon first notice of meeting on Monday, 8
March 2020, behind closed doors, at the Company’s registered
office. The number of shares held by the shareholders represented
amounted to 3 232 993 768 shares, i.e., a turnout of 25.79%.
All the resolutions submitted before the General
Meeting, whether in its ordinary or extraordinary form, were
adopted except the 12th resolution, as recommended by the Board of
Directors.
Solid cash position of €12M to
accelerate the Group’s developmentAt this meeting, the
Group reviewed the key aspects of its 2020 financial year in which
rigorous management of operating costs allowed Spineway to
significantly decrease its operating losses despite its drop in
revenue to €3.4M (-33%) due to the pandemic. Over the course of the
financial year, Spineway was able to decrease its operating losses
by 18% to -€1.9M and strengthened its financial situation as well
as its cash position in order to support its development
strategy.
The reinforcement of available funds continued
into early 2021, allowing the Group to ensure available cash of
over €12M1 that, less financial debts, amounts to €10M (compared
with €2M at the end of December 2020). This solid financial base
will allow Spineway to finance its development, with its growth
including both organic growth and targeted acquisitions with added
value, and also its new partnerships, such as the one recently
entered into with Tsunami Medical and others under consideration
across the Atlantic.
Upcoming: 15 April 2021
- Publication of Q1 2021 revenueListen to the General
Meeting here
SPINEWAY IS ELIGIBLE FOR THE PEA-PME
(EQUITY SAVINGS PLANS FOR SMES)Find out all about Spineway
at www.spineway.com
This press release has been prepared in both
English and French. In case of discrepancies, the French version
shall prevail.
Spineway
designs, manufactures and markets innovative implants and surgical
instruments for treating severe disorders of the spinal
column.Spineway has an international network of
over 50 independent distributors and 90% of its revenue comes from
exports.Spineway, which is eligible for investment
through FCPIs (French unit trusts specializing in innovation), has
received the OSEO Excellence award since 2011 and has won the
Deloitte Fast 50 award (2011). Rhône Alpes INPI Patent Innovation
award (2013) – INPI Talent award (2015). ISIN:
FR0011398874 - ALSPW
Contacts:
SPINEWAY Shareholder-services lineAvailable
Tuesday through Thursday(10 a.m. – 12 p.m.)+33 (0)811 045 555 |
Eligible PEA / PMEALSPWEuronext Growth |
AELIUMFiannce & Communication Investor
relationsSolène Kennisspineway@aelium.fr |
Voting results for the resolutions
submitted before the Combined General Meeting held on 8 March
2021
Resolution |
Type of General Meeting |
For |
Against |
Outcome of vote |
Number of votes |
as a % |
Number of votes |
as a % |
|
|
|
|
|
|
|
1st resolution: Approval of the annual accounts
for the financial year closed on 31 December 2020 and discharge for
the Directors |
1 |
Ordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
2nd resolution: Approval of consolidated accounts
for the financial year closed on 31 December 2020 |
2 |
Ordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
3rd resolution: Allocation of the results of the
financial year closed on 31 December 2020 |
3 |
Ordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
4th resolution: Reading of the Statutory Auditor’s
special report on the contracts defined in articles L. 225-38 et
seq. of the French Commercial Code and approval of such
contracts |
4 |
Ordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
5th resolution: Determine a compensation package
for the members of the Board of Directors |
5 |
Ordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
6th resolution: Authorization for the Board of
Directors with respect to the implementation of a share buy-back
program for the Company |
6 |
Ordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
7th resolution: Authorization for the Board of
Directors to decrease the share capital by canceling treasury
shares following the implementation of the share buy-back
program |
7 |
Extraordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
8th resolution: Delegation of authority for the
Board of Directors to increase the share capital by issuing
ordinary Company shares and any other securities granting immediate
and/or deferred access to the capital or granting right to the
allocation of debt securities, with removal of the shareholders’
preferred subscription rights in favor of a specific category of
persons. |
8 |
Extraordinary |
3 232 664 168 |
99.99 |
329 600 |
0.01 |
Adopted |
9th resolution: Delegation of authority for the
Board of Directors to issue shares and/or securities granting
access to new shares without removal of the shareholders’ preferred
subscription rights. |
9 |
Extraordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
10th resolution: Delegation of authority for the
Board of Directors to increase the share capital by issuing
ordinary shares and/or securities granting access to new shares in
the event of oversubscription. |
10 |
Extraordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
11th resolution: Authorization for the Board of
Directors to proceed with the allocation of free shares to eligible
employees and/or executive officers of the Company or related
companies. |
11 |
Extraordinary |
3 232 664 168 |
99.99 |
329 600 |
0.01 |
Adopted |
12th resolution: Delegation of authority for the
Board of Directors to carry out a capital increase reserved for
employees who are members of an employee savings plan, with removal
of the shareholders’ preferred subscription rights in their
favor. |
12 |
Extraordinary |
80 000 000 |
2.47 |
3 152 993 768 |
97.53 |
Rejected |
13th resolution: Powers granted to carry out
formalities |
13 |
Extraordinary |
3 232 993 768 |
100.00 |
0 |
0 |
Adopted |
1 As at 8 March 2021
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