ANNOUNCEMENT ON THE SUBSEQUENT RELEASE OF THE 2021 ANNUAL FINANCIAL REPORT
Bollène, May 10, 2022 – 6:00 p.m. (CET)
For immediate release
ANNOUNCEMENT ON THE SUBSEQUENT RELEASE OF THE
2021 ANNUAL FINANCIAL REPORT
The Egide group announces the postponement of the publication of its 2021 annual financial report, initially scheduled for May 5, 2022.
As announced during the publication of the Group’s 2021 annual results on March 30, 2022, Santier and Egide USA’s bank, Banc of California, which absorbed Pacific Mercantile Bank (PMB), communicated its decision to no longer finance the lines of credit of the two US entities beyond June 30, 2022, a limit which is currently being negotiated to be extended to September 30, 2022.
In this context, two cumulative financing projects are in progress at Egide USA and Santier, which are at this stage at the same stage: letter of intent accepted, audits and documentation in progress, approvals expected by mid-June.
This situation could jeopardize the continuity of American operations, which makes certification of accounts by American auditors considerably more complex, in particular because of their internal audit quality approach.
The 2021 annual financial report should be available in the coming days and the Egide group will inform the market of its availability via a press release.
Next Financial information :
First-half 2022 revenue: July 21, 2022
About Egide – www.egide-group.com
Egide is a group with an international dimension. specialized in the manufacture of hermetic enclosures and heat dissipation solutions for sensitive electronic components. It operates in cutting-edge markets with strong technological barriers to entry in all critical segments of the industry (Thermal Imaging. Optronics. High-Frequency. Power Units, etc.). Egide is the only pure player in this market niche with industrial bases in France and the United States.
Egide is listed on Euronext Paris™- Segment C – ISIN code: FR0000072373 – Reuters: EGID.PA – Bloomberg: GID
EGIDE – Finance Department – Luc Ardon – +33 4 90 30 35 94 – [email protected]
FIN’EXTENSO – Press Relations – Isabelle Aprile – +33 6 17 38 61 78 – [email protected]