MHW Magazine News and stories from the Materials Handling Industry
Norbert Dentressangle has announced that its ordinary shares have been admitted to listing on the standard listing segment of the Official List, and to trading on NYSE Euronext London, the regulated market operated by LIFFE Administration and Management ("NYSE Euronext London"), under the symbol "GND" ("Admission"). The admission to trading of the Company’s shares on NYSE Euronext London is in addition to the admission to trading of the Company’s shares on the regulated market of NYSE Euronext in Paris ("NYSE Euronext Paris"), where they also trade under the symbol "GND".
Hervé Montjotin, Chief Executive Officer, who travelled today to London to ring the opening bell, said: "Today in London, we are pleased to celebrate our listing on NYSE Euronext London, which is in addition to our listing on NYSE Euronext Paris. This new listing will serve to diversify our shareholder base, access NYSE Euronext’s deep pool of London-based institutional investors, and position Norbert Dentressangle as a leading international transport, logistics and freight forwarding company. This also reflects the strong contribution of our UK based businesses – across our three areas of expertise – transport, logistics and freight forwarding – to the Group’s growth story, as we are getting ready for the next phase of our European and international expansion plan."
Following the acquisitions of Christian Salvesen in 2007 and TDG in 2011, the UK now represents around 32% of Norbert Dentressangle’s Group turnover, second only to France (41%), and generated revenues of €1,236 million in 2012. Norbert Dentressangle employs more than 12,800 people in the UK.
Hervé Montjotin continued: "The UK investment community has a great deal of experience in the transport, logistics and supply chain sectors and a good understanding of the key success factors for companies in our highly competitive and increasingly global marketplace. Our listing on NYSE Euronext London will raise the profile of Norbert Dentressangle with this important group of investors.
"Thanks to our healthy balance sheet, proven business model and good corporate governance, along with our genuine commitment to sustainable development and established brand, Norbert Dentressangle is well-placed to exploit strong growth potential in the European transport and logistics sector."
The Company is not offering any new shares or any other securities in connection with Admission. The Company’s shares will not be generally made available or marketed to the public in the United Kingdom or any other jurisdiction in connection with Admission.
The Company did not produce a prospectus in connection with Admission pursuant to Rule 1.2.3(8) of the Prospectus Rules of the Financial Conduct Authority. The summary document (the "Summary Document") containing information in connection with the Company and Admission can be found at www.norbert-dentressangle.com. The Summary Document has also been submitted to the UK’s National Storage Mechanism. The website of the National Storage Mechanism is www.Hemscott.com/nsm.do.
