Bruges (France), June 1, 2017 – Group PAROT (ISIN code : FR0013204070 – mnemonic code : ALPAR), French actor of the automotive mobility, announces the availability of the preparatory documents for the next Annual Ordinary General Meeting to be held on 2 June 2017 to 9 hours at the hotel Pullman, Avenue Jean-Gabriel Domergue – 33300 Bordeaux-Lac.
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At the request of the AMF, Groupe PAROT attracts the attention of the public on the ad hoc communication of auditors[1] indicating the existence of two irregularities. The one she wears on financial advances granted by Group PAROT to its parent company, AV Holding company, to purchase shares of the company’s Group Parot in the framework of its ipo. These advances have been made in accordance with the conventions of cash between the two companies, but in violation with article L. 225-216 of the Code of Commerce. Upon identification of this deficiency within the framework of the audit of the accounts 2016, AV Holding company has proceeded with the full repayment of these advances. The other concerns the payment by the company of all of the variable remuneration of the chairman, President and Chief executive officer for the fiscal year 2016 before the final accounts of the year which has confirmed the amount to be paid. This calendar, in line with the practices of previous years, was in contradiction with the new rules of remuneration of the Chairman and ceo set by the Board of directors in the context of the admission of the shares of the company on Alternext Paris. The company is committed to comply with these new rules as early as the current fiscal year.
The notice of meeting was published in the Balo of April 26, 2017 and the notice of meeting in the Balo on 19 may 2017. The preparatory documents for the General Meeting are made available to the public on the website of the company (www.groupe-parot.com/assemblees-generales/).
About the Group PAROT
Mobility specialist automotive since 1978, the Group PAROT is a major player in the distribution of personal vehicles and commercial, new and used, across 12 brands, including Ford, BMW, Mini, Mazda and Mitsubishi. It also offers a wide range of associated services : after-sales services (maintenance, repair…) and financial solutions (financing, insurance, warranties, etc.). Since 2014, the family group, owned by Alexander and Virginia Parot is committed to a strategy for national rollout. In this capacity, he has completed in 2016, the acquisition of VO 3000 and the Group Behra. It is now home to 32 sites distributed around the whole of France, animated by 715 employees and achieved a turnover pro forma 2016 399 M to nearly 20,000 vehicles sold.
More information on : www.groupe-parot.com
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