( Only Adanova publications are available here
with english translation
please refer to Claranova site for Company announcements.)
This General Meeting was long awaited by the shareholders, all in all disappointed in the evolution of the share’s price (divided by 3 since Nov 2019, when in comparison the CAC40 gained +10% on the same period).
Adanova started by proposing to add a resolution to the agenda, meant to condition the CEO’s advantages to a share price more in line with the valuations announced for the subsidiaries.
By asking to provide at once additional documents at the last minute, the company has avoided this motion to make it to the GM.
Publishing, by the association, of the consensus amongst its members
This GM was particularly eventful, the association quickly wanted to point out some dysfunctions or anomalies the very next day.
The report was published 15 days after. Unlike was is implied by Claranova, Adanova did not want a “hostile takeover”, but a strong signal sent to the executives.
Adanova published a final clarification for this GM, waiting for the rest to unfold…