Exclusive discussions with a view to the sale of the business operated by the Company – Activity and results for the 1st quarter of 2022 – Combined General Meeting of June 30, 2022

EuronextParis
FR0004157543 MLNEO

Press release of 3 June 2022

Exclusive discussions with a view to the sale of the exploit businesse by the Society
Activity and rresults from 1er quarter 2022
HAScombined general meeting of June 30, 2022

Following the meeting of the Board of Directors on March 22, 2022 during which the Board approved the financial statements as of December 31, 2021 (press release of March 24, 2022), the Company entered into discussions with a potential buyer of the goodwill operated up to now by the Company. After carrying out the usual audits, the buyer recently confirmed its intention to acquire the business under certain conditions precedent, for an acquisition price of 2.6 million euros (without taking over the head office which would therefore be closed) .

In this context, and given the fact that this opportunity is opening up to the Company in a context of declining prospects for its business and its results, and following the personal decisions of certain key managers wishing to follow a path other than the continuation of the Company’s business, the Board of Directors has decided to pursue exclusive discussions with the potential buyer of the business.

In this perspective, the Board has decided to convene the ordinary general meeting of the Company on June 30, adding an extraordinary part in order (i) to be authorized by the shareholders to sell the business and (ii) to decide the dissolution of the Company and the subsequent opening of its liquidation subject to the completion of the said transfer of goodwill, insofar as the latter is the sole exploitable asset of the Company. At the end of the liquidation, the liquidation proceeds (cash less liabilities and liquidation costs) will be distributed among all the shareholders. The Board also decided at this next meeting, in addition to a dividend of 0.24 euro per share, an exceptional distribution of 1,161,132.56 euros (i.e. 0.76 euro per share) in the event of the effective completion of the sale of the business.

In addition, the Company announces that in the first quarter of 2022, it recorded a turnover of 2.1 M euros against 2.6 M euros for that of 1Q2021, i.e. a drop of close to 20%. At the operational level, the first quarter of 2022 recorded a decline, with an operating result of 120 k euros against 160 K euros for 1Q2021 (-25%). After taking into account the other results and the tax charge, the net result for this quarter amounts to a profit of 90 K euros against 105 K euros for that of the previous financial year. In addition, as of March 31, 2022, the company has available cash of around €3 million.

About Neocom Multimedia

Néocom Multimedia SA, founded in 1986, is a telecom operator listed on the Paris Stock Exchange since 1999 (Euronext Access). With its own technical infrastructure, it develops “telecom marketing” solutions and innovative audio applications.

Press contact and shareholders:
Thierry FRANCOIS
Such. 01 72 71 20 20
www.neocom.fr

1654384453 181 Exclusive discussions with a view to the sale of the

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Exclusive discussions with a view to the sale of the business operated by the Company – Activity and results for the 1st quarter of 2022 – Combined General Meeting of June 30, 2022


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