BENETEAU (EPA:BEN) - 181112 BENETEAU Termination of powers C Demaria Monte Carlo Yachts

Transparency directive : regulatory news

12/11/2018 09:29

Press release - November 12, 2018

   Monte Carlo Yachts: Termination of executive powers of Carla Demaria

In response to information published by certain media, Beneteau S.A. confirms
the termination of the executive powers of Ms. Carla Demaria as the head of
Monte Carlo Yachts S.p.A. as of November 10,  2018. A shareholders' meeting of
Monte Carlo Yachts has been convoked for November 21, 2018 for purposes of
removing Ms. Demaria from her position as Chairperson and member of the Board
of Directors of Monte Charlo Yachts.

Notwithstanding the consistent support of Beneteau to permit the development of
Monte Carlo Yachts, numerous disagreements have arisen between the group and
Mrs. Demaria during the last two fiscal years. This has resulted in serious
strategic disagreements between Ms. Demaria and the controlling shareholder of
Monte Carlo Yachts.

Furthermore, allegations reported by certain media of abuse by the majority
shareholder or any other improprieties or lack of loyalty on the part of
Beneteau vis-à-vis Monte Carlo Yachts are entirely without merit.

The group confirms its commitment vis-à-vis Monte Carlo Yachts to support the
brand. In particular, it  will launch three new models in the course of this
season.

                                   *
                                 *   *

Facendo seguito alle informazioni riportate da alcuni organi di stampa,
Beneteau S.A. conferma che, in data 10 novembre 2018, sono stati revocati i
poteri delegati della Dott.ssa Carla Demaria alla guida di Monte Carlo Yachts
S.p.A. Un'assemblea degli azionisti di Monte Carlo Yachts è stata convocata
per il 21 novembre 2018, con all'ordine del giorno la revoca della Dott.ssa
Demaria dalla carica di Presidente e membro del Consiglio di Amministrazione
di Montecarlo Yachts.

Nonostante l'incondizionato supporto di Beneteau allo sviluppo di Monte Carlo
Yachts, numerosi disaccordi sono nati tra il Gruppo e la Dott.ssa Demaria
durante gli ultimi due esercizi. Ne è nata una divergenza strategica tra la
Dott.ssa Demaria e l'azionista di controllo di Monte Carlo Yachts.

Inoltre, le allegazioni di un abuso di maggioranza o di qualsivoglia
irregolarità o azione sleale da parte di Beneteau nei confronti di Monte Carlo
Yachts sono chiaramente prive di ogni fondamento.

Il Gruppo conferma il suo pieno impegno verso Monte Carlo Yachts per supportare
il brand. In particolare, saranno presentati tre nuovi modelli MCY nel corso di
questa stagione.

                             ABOUT GROUPE BENETEAU

As the boating industry's global market leader, Groupe Beneteau, through its
Boat division's 11 brands, offers over 200 recreational boat models serving its
customers' diverse navigational needs and uses, from sailing to motorboating,
monohulls and catamarans.

Leading the European leisure homes market, the three brands from the Group's
Housing division offer a comprehensive range of leisure homes, lodges and pods
that combine eco-design with high standards of quality, comfort and
practicality.

With its international industrial capabilities and global sales network, the
Group employs 7500 people, primarily in France, the US, Poland, Italy and
China.

FY 2017-2018 Group revenues: EUR 1287.2 MCY

Housing    15.0%
Sailboat   37.5%
Motorboat   47.%

CONTACTS - GROUPE BENETEAU

INVESTORS AND PRESS CONTACT
Mirna Cieniewicz
m.cieniewicz@beneteau-group.com
Tel +33 (0)2 51 26 88 50

SHAREHOLDER CONTACT
Yannick Coicaud-Thomas
y.coicaud.thomas@beneteau-group.com
Address: 16 bd de la Mer - CS 43319
85803 Saint Gilles-Croix-de-Vie Cedex (France)

                            www.beneteau-group.com

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BENETEAU (EPA:BEN) - 181112 BENETEAU Termination of powers C Demaria Monte Carlo Yachts

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