Touax: Proposal to transfer the listing of TOUAX shares from the Euronext Paris market to the Euronext Growth Paris market

Core Viewpoint - TOUAX SCA proposes to transfer its listing from Euronext Paris to Euronext Growth Paris to better align with its size and operational needs while reducing regulatory constraints and costs [2][3]. Group 1: Transfer Proposal - The transfer will be voted on at the Combined General Meeting scheduled for June 12, 2025, with the aim of delisting from Euronext Paris and being admitted to Euronext Growth Paris [1]. - The company currently meets the Euronext Growth market requirements, including a market capitalization of less than one billion euros and a free float of at least 2.5 million euros [3]. Group 2: Regulatory and Reporting Changes - Euronext Growth is an organized multilateral trading facility with less stringent regulations compared to a regulated market [4]. - The company will continue to publish an annual report within four months of the financial year-end, but the management report and corporate governance report will have simplified disclosure requirements [5]. - A half-yearly report will be published within four months of the half-year closing, with the three-month publication deadline extended by one month on Euronext Growth [6]. Group 3: Ongoing Information and Governance - The company will still disclose any information that could significantly impact its share price and will adhere to the Market Abuse Regulation [8]. - Senior executives will continue to declare transactions involving the company's shares [9]. - The company will not be required to post voting results and minutes on its website, but transparency regarding the remuneration of Managing Partners will still be maintained [11]. Group 4: Shareholder Obligations and Liquidity - Shareholders will need to declare their intention to acquire shares for three years post-listing on Euronext Growth, with specific reporting requirements for crossing certain ownership thresholds [13][14]. - The liquidity contract will remain in place after the market transfer [15]. Group 5: Indicative Timetable - The indicative timetable for the transfer includes key dates such as the Combined General Meeting on June 12, 2025, and potential delisting from Euronext by August 13, 2025 [18]. Group 6: Company Overview - TOUAX Group manages nearly 1.3 billion euros in assets and is a leading leasing company in Europe for tangible assets like freight wagons, river barges, and containers [19].