ROTHSCHILD (EPA:ROTH) - Rothschild & Co Concordia SAS announces a reorganisation of its shareholding structure, consolidating the Rothschild family control over Rothschild & Co
Transparency directive : regulatory news
04/04/2019 19:45
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Press release
Paris, 4 April
Rothschild & Co Concordia SAS announces a reorganisation of its shareholding
structure, consolidating the Rothschild family control over Rothschild & Co
Rothschild & Co Concordia SAS ("Concordia"), the family holding company and
main shareholder of Rothschild & Co ("Rothschild & Co" or "the Group"),
announces a reorganisation of its share capital. The long-term control of the
Rothschild family over Rothschild & Co, which is a cornerstone of the Group's
culture and positioning, is reaffirmed.
Concordia and the David de Rothschild and Eric de Rothschild family branches
have agreed to acquire a major part of the Concordia shares held for the
benefit of the English branch of the Rothschild family. The David de Rothschild
and Eric de Rothschild family branches also intend to contribute shares
directly held in Rothschild & Co to Concordia, thereby retaining and
reinforcing their shareholding control.
Following the contemplated transactions, the Enlarged Family Concert will
continue to control Rothschild & Co, with 49.5% of the Group's share capital
and 63.3% of voting rights.
These transactions are subject to customary regulatory approvals including a
waiver of the Autorité des Marchés Financiers under article 234-9 6° of its
General Regulation, and are expected to close before end of Q3 2019.
- ENDS -
For further information:
Rothschild & Co Media Contact
Media Relations DGM
Caroline Nico Olivier Labesse
Tel: + 33 1 40 74 43 44 Tel: +33 1 40 70 11 89
Caroline.nico@rothschildandco.com labesse@dgm-conseil.fr