eDreams:Ardian Placed Among Institutional Investors All Of Its Shares, Representing 15.6% Of Company
Edreams Odigeo SA EDR:
ARDIAN HAS PLACED AMONG INSTITUTIONAL INVESTORS ALL OF ITS SHARES, REPRESENTING 15.6% OF COMPANY AT CLOSE OF BUSINESS ON DEC 8
CONSEQUENCE OF SELL DOWN, TWO MEMBERS OF BOARD OF DIRECTORS OF COMPANY APPOINTED BY ARDIAN, MS. LISE FAUCONNIER AND MR. DANIEL SETTON, HAVE RESIGNED AS PROPRIETARY DIRECTORS
PERMIRA, WHICH HOLDS 25.1% OF THE COMPANY'S ORDINARY SHARES, WILL CONTINUE TO BE MAJOR SUPPORTIVE SHAREHOLDER
ARDIAN'S DECISION TO EXIT IS DRIVEN BY LEGAL OBLIGATIONS LINKED TO RELEVANT FUND COMING TO END OF ITS TERM