Claranova (Euronext Paris: FR0013426004 – CLA) announces the exchange of a portion of the shares held by Eric Gareau in its subsidiary Avanquest Software for Claranova shares .
A non-dilutive transaction for shareholders
This transaction, approved by the Compensation Committee and the Board of Directors on December 20, 2024, was carried out through a cash payment equal to 35% of the value of the shares held by Eric Gareau in Avanquest Software (i.e. 386,862.44 euros) and a remittance of 560,945 existing Claranova shares for the balance.
Even though it benefited from the necessary authorizations , the Group decided not to proceed with the issue of new shares in order to avoid a dilutive effect for its shareholders. In consequence, the shares granted to Mr. Eric Gareau are taken from the 133,930 shares held in treasury and the 427,015 shares held under the liquidity contract managed by Kepler Cheuvreux, pursuant to resolution 18 approved by the Annual General Meeting of December 4, 2024.
This transaction demonstrates, once again, the commitment of the Group’s governance and management to work together in the common interest, and to safeguard the creation of shareholder value.