New generation steps up to continue IBA’s entrepreneurial ownership
06 December 2024 - 3:45AM
UK Regulatory
New generation steps up to continue IBA’s entrepreneurial
ownership
Louvain-la-Neuve, Belgium, 5 December 2024 -
IBA (Ion Beam Applications SA), the world leader in particle
accelerator technology, announces today an initiative aimed at
perpetuating the entrepreneurial anchoring of its shareholder base.
A new generation of executives will acquire a significant indirect
stake in IBA. It is part of a broader strategy to ensure IBA's
growth, value creation and sustainability. Company’s success
originates from a unique combination between entrepreneurial
driving force and reference shareholding.
The operation consists of different steps
(detailed in appendix) involving the support of IBA allowing
Management Anchorage, a holding investment vehicle created by IBA
executives in 2020, to acquire a 21% stake in Sustainable
Anchorage. Sustainable Anchorage would remain IBA's reference
shareholder with approximately 20% of the shares and 30% of the
voting rights.
IBA supports and welcomes the commitment of a
new generation of executives to invest in the company’s future. It
reflects IBA’s ambition to reinforce its stable entrepreneurial
shareholding structure, fully aligned with company’s long-term
purpose and core values, while serving as a powerful lever for
motivation, talent retention, and long-term value creation.
Completion of the operation is, among other
things, subject to acceptance of the payment facilities by IBA's
shareholders meeting convened on 7 January 2025. If this condition
is met, the transaction will be executed shortly after the
obtaining of this approval.
“Together with the employees of the time, we
created Sustainable Anchorage to preserve IBA’s integrity against
hostile takeover ambitions in 1999. For 25 years, Sustainable
Anchorage has been instrumental for IBA’s successful development
into a world leader allowing a strong alignment between
shareholders and management powered by a shared long-term vision
and common human and entrepreneurial values" explains Pierre
Mottet, Chairman of the board of IBA and co-founder of Sustainable
Anchorage.
For Henri de Romrée, Deputy CEO of IBA, “the
creation of Management Anchorage four years ago responds to the
same aspirations as those of Sustainable Anchorage. Its goal is to
perpetuate the DNA and long-term vision of IBA, to foster
initiative taking from its employees, and to share with them the
value created.”
“I am energized by the commitment of the new
management generations to continue IBA's reference
shareholding” comments Olivier Legrain, CEO of IBA. “Their
determination, their enthusiasm and their strong stand for our core
values and ambitions are inspiring”. This initiative further
consolidates our position as an independent leader, and a globally
recognized expert in our fields of activity.”
***ENDS***
For more details on the terms of this transaction, please refer
to the appendix.
About IBA
IBA (Ion Beam Applications S.A.) is the world
leader in particle accelerator technology. The company is the
leading supplier of equipment and services in the field of proton
therapy, considered to be the most advanced form of radiation
therapy available today. IBA is also a leading player in the fields
of industrial sterilization, radiopharmaceuticals and dosimetry.
The company, based in Louvain-la-Neuve, Belgium, employs
approximately 2,000 people worldwide. IBA is a certified B
Corporation (B Corp) meeting the highest standards of verified
social and environmental performance.
IBA is listed on the pan-European stock exchange
EURONEXT (IBA: Reuters IBAB.BR and Bloomberg IBAB.BB). More
information can be found at: www.iba-worldwide.com
About Management Anchorage
Management Anchorage SRL is a holding investment
vehicle created by IBA executives in February 2020 to give them the
opportunity to invest collectively in IBA's capital, considering
the determining importance of the connection between company's
driving forces and its shareholding.
On 30 August 2021, Management Anchorage acquired
348,530 IBA shares, representing 1.16% of the total number of
shares issued by IBA, corresponding to 1.72% of the voting rights
since 30 August 2023, after the expiry of the two-year holding
period stipulated in IBA’s bylaws.
About Sustainable Anchorage
Sustainable Anchorage SA is a holding investment
vehicle created by IBA founders and employees in 1999 to invest
collectively in IBA’s capital and thereby safeguard company’s
integrity, mission and values. With 20.49% of share capital and
30.42% of voting rights1, Sustainable Anchorage is IBA's
main reference shareholder.
For further information:
Henri de Romrée
Deputy Chief Executive Officer
IBA
+32 10 475 890
investorrelations@iba-group.com
Olivier Lechien
Corporate Communication Director
IBA
+32 10 475 890
communication@iba-group.com
For media and investor enquiries:
ICR Healthcare
Amber Fennell, Angela Gray, Lucy Featherstone
+44 (0) 20 3709 5700
IBA@icrhealthcare.com
1 Reference date : 11 September 2024
- 20241205-Press-release-Management-Anchorage-ENb
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