Signing of a sharing agreement of capital gain between Denis Ladegaillerie, Chairman, CEO and founder of Believe and Believe SA
08 December 2022 - 4:02AM
Signing of a sharing agreement of capital gain between Denis
Ladegaillerie, Chairman, CEO and founder of Believe and Believe SA
Paris, December 7, 2022 – Believe, one of the
world’s leading digital music companies, announces the signing of a
sharing of capital gain agreement between Denis Ladegaillerie,
Chairman, CEO and founder of Believe and Believe SA.
At the very core of Believe's corporate
project are 4 key pillars: respect, expertise, fairness,
and transparency. This set of driving forces,
embodied in the Group's "Shaping Music for Good" program, infuses
across all its actions - from supporting the artists and labels it
represents to allowing its employees to benefit from the value
created.
To this purpose and following the success of
Believe’s first employee shareholding plan launched in 2022 with a
subscription rate of 40% of eligible employees, Denis
Ladegaillerie, , has decided to establish a new lever for value
sharing by offering the possibility to share a portion of the value
creation with employees.
Such a mechanism is made possible by the
French law entitled “Loi PACTE”, dated May 22, 2019, relating to
the growth and transformation of companies. It gives Believe,
impelled by its chairman and CEO, the possibly to strengthen
long-term engagement of employees and to recognize each individual
contribution to the Group’s success through the sharing of value
creation.
The implementation of this measure is subject to
signing a related-party agreement between Denis Ladegaillerie and
Believe SA, for which all the terms and conditions are set in a
dedicated communication published on 7 December 2022 on the Group's
website. (https://www.believe.com/investors)
This contract allows, in the event of a future
transfer of shares and after a minimum period of 3 years, to share
up to 10% of the capital gain with the employees who have
contributed to the company's success, all the while reinforcing the
employee shareholding. Amounts shall be transferred, as a priority,
to an employee mutual fund invested in Believe shares through the
Company saving plan.
About
Believe Believe is
one of the world’s leading digital music companies. Believe’s
mission is to develop independent artists and labels in the digital
world by providing them the solutions they need to grow their
audience at each stage of their career and development. Believe’s
passionate team of digital music experts around the world leverages
the Group’s global technology platform to advise artists and
labels, distribute and promote their music. Its 1,610 employees in
more than 50 countries aim to support independent artists and
labels with a unique digital expertise, respect, fairness and
transparency. Believe offers its various solutions through a
portfolio of brands including TuneCore, Nuclear Blast, Naïve,
Groove Attack and AllPoints. Believe is listed on compartment A of
the regulated market of Euronext Paris (Ticker: BLV, ISIN:
FR0014003FE9).www.believe.com
Contacts Believe :
Relations InvestisseursEmilie
MEGELinvestors@believe.comTel. : +33 1
53093391 Port. : + 33 6 07099860 |
Relations Presse Manon
JESSUAmanon.jessua@believe.com |
- 2022-12-07- Capital Value Sharing- ENG
Believe (EU:BLV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Believe (EU:BLV)
Historical Stock Chart
From Apr 2023 to Apr 2024