KERLINK (EPA:ALKLK) - Kerlink announces the implementation of an Employment Protection Plan.

Transparency directive : regulatory news

04/09/2019 17:45

Kerlink announces the implementation of an Employment Protection Plan

PRESS RELEASE

Thorigné-Fouillard, September 4, 2019, 5:45 p.m. - Kerlink (ALKLK -
FR0013156007), a specialist and global leader in solutions dedicated to the
Internet of Things (IoT), announced today the implementation of an Employment
Protection Plan (French "Plan de Sauvegarde de l'Emploi - PSE") in accordance
with Article L. 1233-61 of the French Labor Code.

As mentioned in the successive communications shared since June 12, 2018, the
IoT market targeted by the company has been affected by delays in the pace of
deployment of major infrastructure projects by incumbent telecom operators,
slowing down the Group's business and performance. This persistent situation
therefore required a reorganization and a resizing of the company in order to
restore the adequate conditions for a sustainable development. In parallel with
this necessary transformation, Kerlink already undertook, over the last months,
an offensive action plan to adapt to the change of its market, especially by
strengthening its offers and focus towards private operators ( enterprises,
cities, administrations...).

In this context, the Employment Protection Plan will guarantee support for
employees affected by these measures in their internal or external
reclassification, for those who will have to leave the company. This plan was
duly submitted for approval to the employee representatives who issued a
favorable opinion, and formally approved by the DIRECCTE (French labor body) on
August 27, 2019.

Of the 103 employees of Kerlink France on July 31, 2019, 24 employees are
concerned by the plan, including 2 internal reclassifications. The people whose
positions are to be cancelled will receive appropriate support in finding a
retraining solution that will be set up and proposed through a reclassification
unit.

The effective implementation of all accompanying measures (job security
contract, assistance for geographical mobility, incentives for vocational
training, assistance in setting up or taking over a business, etc.) will be
monitored on a regular basis by a steering committee composed of employee and
management representatives and the relevant expert bodies.

All departures related to the implementation of the plan should take place
before the end of the year.

About Kerlink Group
Kerlink Group is a leading global provider of end-to-end network solutions for
the Internet of Things (IoT), serving telecom operators, businesses, and public
authorities worldwide. Its growing suite of turnkey IoT services includes
network planning, design, and operational management that maximizes performance
of its market-leading, carrier-grade infrastructure offering. The Group, widely
recognized for its IoT expertise, also continually introduces innovative
value-added services, such as network- based geolocation, remote end-device
management and low-power IoT reference design, which allows its customers to
quickly bring to market IoT-ready devices and to imagine innovative business
models to monetize their deployments.

Kerlink is listed on Euronext Growth Paris since May 2016 and entered the 150
fast-growing French SMEs "EnterNext PEA-PME 150" index in 2017. In 2018, it
joined the "Tech 40 index", which recognizes the top-performing tech SMEs on
Euronext's markets in Amsterdam, Brussels, Lisbon and Paris.

For more information, visit www.kerlink.com or follow us on Twitter
@kerlink_news.

                               Upcoming events

                        2019 First Half Year Results
                     September 26 after market closure

                          2019 Third Quarter Revenue
                       October 22 after market closure

                               www.kerlink.fr

Investors contact:
Actifin
Benjamin Lehari
+33 (0)1 56 88 11 25
blehari@actifin.fr

Financial press contact:
Actifin
Isabelle Dray
+33 (0) 1 56 88 11 29
idray@actifin.fr

Kerlink press and market analysts contact:
Mahoney Lyle
Sarah-Lyle Dampoux
+33 (0) 6 74 93 23 47
sldampoux@mahoneylyle.com

www.kerlink.com
fr.linkedin.com/company/kerlink
Twitter @kerlink_news

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