COGELEC (EPA:COGEC) - Cogelec : RAISE Investissement successfully secures a stakeholding in S.R.C., the controlling structure of Cogelec, as a minority financial partner.

Transparency directive : regulatory news

22/07/2021 18:00

PRESS RELEASE

RAISE Investissement successfully secures a stakeholding in S.R.C., the
controlling structure of Cogelec, as a minority financial partner

Mortagne-sur-Sèvre, France, 22 July 2021, Cogelec (ISIN: FR0013335742/symbol:
ALLEC), the French leader and major European player in access control for
building complexes, announced that, following its press release of June 28,
2021, all conditions precedent for RAISE Investissement's minority stake
acquisition in S.R.C, the majority shareholder of the Cogelec Group, were met
today.

RAISE Investissement now owns 35% of the capital and voting rights of Cogelec
Développement, which holds all the share capital of S.R.C. Following this
transaction, the share capital and the voting rights of Cogelec Développement
are split as follows:

                     Ordinary   Preferred    Share      Voting     Voting
Shareholders          shares      shares   capital %    rights    rights %

H.R.C.               12.507.462    9.468     36,2%    12.516.930    36,2%
Meni                  3.322.435    2.515      9,6%     3.324.950     9,6%
Laurent Caramelle     2.564.433    1.941      7,4%     2.566.374     7,4%
Patrice Kluba         2.564.433    1.941      7,4%     2.566.374     7,4%
Pronoia               1.062.301      804      3,1%     1.063.105     3,1%
Patrick Fruneau         437.231      331      1,3%       437.562     1,3%
Total Preexisting
Concert              22.458.295   17.000     65,0%    22.475.295    65,0%
RAISE Investissement 12.092.928        0     35,0%    12.092.928    35,0%
TOTAL                34.551.233   17.000      100%    34.568.223     100%

As part of this transaction, Cogelec Développement's shareholders today
entered into a shareholders' agreement, under which they declared that they
were acting in concert vis-à- vis Cogelec Développement, S.R.C and Cogelec.

The indirect upward crossing, by the members of the enlarged concert (through
Cogelec Développement), of the thresholds of 30% of the share capital and
voting rights of Cogelec was the subject of the decision of the French
financial markets authority (the "AMF") dated July 21, 2021 (No. 221C1838) that
there were no grounds for filing a mandatory public offer for the Cogelec
shares.

The summary of the main clauses of the shareholders' agreement, drawn up under
the responsibility of its signatories, was included in extenso in the
abovementioned AMF decision.

RAISE Investissement's stakeholding in Cogelec Group is part of a dynamic
partnership with Cogelec Group managers to actively support its development
prospects in France and internationally over the long term.

Contacts

Cogelec Véronique Pochet
Chief Financial Officer
+33 (0)2 72 67 00 91
investors@cogelec.fr

Actifin
Ghislaine Gasparetto
Financial Communication
+33 (0)6 21 10 49 24
ggasparetto@actifin.fr

Actifin Jennifer Jullia
Financial Press Relations
+33 (0)6 47 97 54 87
jjullia@actifin.fr

About COGELEC

COGELEC is the French leader and major European player in access control
systems for building complexes. In 2007, COGELEC created the first global
wireless interphone with subscription offer, under the Intratone brand.
COGELEC has already outfitted 1.3 million homes, out of a potential total of
15.4 million homes in France. COGELEC is an international group also offering
its solutions in Germany, the United Kingdom, the Netherlands, Belgium and
Luxembourg.
Based on an indirect distribution model, combined with very close-knit
relations with end clients (social landlords and building complex management
associations), COGELEC posted revenue of EUR40.4m in 2020.
COGELEC is listed on the Euronext Growth Paris, and is part of the Growth
AllShare, Tech Croissance and PEA-PME 150 indices.

For more information: www.cogelec.fr

About RAISE Investissement

RAISE Investissement is a capital investment company developed within the RAISE
Group, founded by Clara Gaymard and Gonzague de Blignières. With EUR410
million of committed capital, the fund supports high growth medium-sized French
companies that generate revenue of between EUR30 million and EUR500 million, by
investing stakes of between EUR10 million and EUR50 million to help them
grow.

The RAISE Group is built around a financing model that combines profitability
and generosity as its investment teams (RAISE Investissement, RAISE REIM, RAISE
Ventures, RAISE Impact and RAISE LAB) donate 50% of their earnings from the
group profit-sharing scheme to RAISESHERPAS, an in-house endowment fund
dedicated to supporting start-ups. This initiative, pioneering in France,
creates a virtuous circle involving major corporations, institutional
investors, medium-sized companies and start-ups.

To find out more: www.raise.co

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COGELEC (EPA:COGEC) - Cogelec : RAISE Investissement successfully secures a stakeholding in S.R.C., the controlling structure of Cogelec, as a minority financial partner.

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