2023-12-11 18:35:00
December 11, 2023 at 7:35 p.m. by Emmanuel Bernard
The image of the two men gathered together at the edge of the field, on the sidelines of the OL match once morest Toulouse on Sunday was widely commented on. John Textor and Jean-Michel Aulas, on this occasion, erased the old quarrels and found common ground for the future. A major deal has been reached, marking a turning point in the company’s stability.
Textor and Aulas bury the hatchet
It consists of the sale of a significant portion of OL Groupe shares by Jean-Michel Aulas and Holnest, shareholder of the company. OL Groupe thus confirmed the acquisition of a third of the shares held by Holnest, i.e. 4,826,540 shares, for a total amount of 14,479,620 euros, or 3 euros per share. This strategic move is part of a share buyback program authorized at the annual general meeting of the same day.
A repurchase by OL Groupe of a third of Holnest’s shares
The objective is to finalize this transaction before December 31, 2023 or at the latest January 16, 2024, with the corollary of withdrawing current legal action. Alongside this transfer, another crucial aspect of the agreement is the reconciliation of the parties, marked by the reciprocal cessation of all ongoing procedures and actions between the parties concerned.
The withdrawal of each camp from the complaints filed
This step towards the normalization of relations between the protagonists was considered by the board of directors of the OL Groupe as essential to restore a favorable climate and ensure the preservation of the interests of the company. Consequently, this agreement might well mark a new chapter in the history of the OL Groupe, establishing solid foundations for a calm and profitable collaboration for the future. This, at the very moment when the club is regaining its sporting serenity, following largely dominating the Toulouse FC team this Sunday, 3 goals to nothing.
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