BOULOGNE-BILLANCOURT, France --(BUSINESS WIRE)--
SoLocal Group (Paris:LOCAL):
The President of Commercial Court of Nanterre has dismissed today, by order, the Regroupement PP Local association which had asked for a deferment request of the extraordinary part of the General Shareholders’ Meeting convened on 19 October 2016.
SoLocal Group confirms the holding of its Combined General Shareholders’ Meeting on 19 October 2016 at 5:00 pm at Dock Pullman1.
Jean-Pierre Remy, Chief Executive Officer of SoLocal Group declared: « I take note of the decision of the Commercial Court of Nanterre that is in the best interest of the company. Allowing the Combined General Shareholders’ Meeting of SoLocal Group to be held, is to enable the exchanges between shareholders that we defend. On next 19 October, our shareholders can fully exercise their responsibility by expressing a decisive choice for the future of the leader of the French local digital. »
Moreover, SoLocal Group took note of the declaration of the Regroupement PP Local association, as of 14 October 2016, the thresholds crossing up six and seven percent of the Company’s capital and voting rights.
About SoLocal Group
SoLocal Group, European leader in local online communication, reveals local know-how, and boosts local revenues of businesses. The Internet activities of the Group are structured around two business lines: Local Search and Digital Marketing. With Local Search, the Group offers digital services and solutions to clients which enable them to enhance their visibility and develop their local contacts. Thanks to its expertise, SoLocal Group earned the trust of some 530,000 clients of those services and over 2.2 billions of visits via its 4 flagship brands (PagesJaunes, Mappy, Ooreka and A Vendre A Louer) but also through its partnerships. With Digital Marketing, SoLocal Group creates and provides Internet users with the best local and customised content about professionals. With over 4,400 employees, including a salesforce of 1,900 local communication advisors specialised in five verticals (Home, Services, Retail, Health & Public, BtoB) and Internationally (France, Spain, Austria, United Kingdom), the Group generated in 2015 revenues of 873 millions euros, of which 73% on Internet and ranks amongst the first European players in terms of Internet advertising revenues. SoLocal Group is listed on Euronext Paris (LOCAL). More information may be obtained at www.solocalgroup.com.
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