Aandeel B&S Group SA AEX:BSGR.NL, LU1789205884

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Sand schreef op 29 maart 2023 10:20:

Hier nog iemand die all-inn zit, B&S al in het bezit sinds de beursgang. Gelukkig de GAK wel terug kunnen brengen naar onder de 8. Mijns inziens een goed teken dat de cijfers lang op zich laten wachten, een solide controle kost nou eenmaal tijd...

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Woudloper schreef op 29 maart 2023 16:53:

Met verwachte cijfers en rust in het management kan de koers zeker wel boven de 4,50 komen. Terug over de 5 euro, moet zeker wel mogelijk zijn als er geen grote negatieve verrasingen zijn.

Waarschijnlijk waren er wat transactie van Blijdorp die mogelijk niet helemaal zakelijk waren.

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Woudloper schreef op 29 maart 2023 17:02:

Dat is dan vraag. Hij heeft een reputatie om prive en zakelijk te vermengen. Ik neem niet aan dat dit een materiele impact heeft op de jaarrekening.

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A3aan schreef op 28 maart 2023 18:11:

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Klopt. Het onroerend goed bleef buiten de beursintroductie en bleef privé bezit. B&S huurde en door toeval weet ik dat het voor forse bedragen ging.

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RESEARCH schreef op 29 maart 2023 17:56:

Dat zal dan wel 4% inflatiecorrectie zijn. Overigens vind ik het nu wel vrij lang duren om de jaarrekening 2022 af te ronden. Hoop wel dat er een goedkeurende verklaring komt.

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moneypocket schreef op 29 maart 2023 18:59:

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Het duurt inderdaad wel lang; ben al opgelucht indien er geïnformeerd uit de directie toren komt!

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Bob777 schreef op 30 maart 2023 15:22:

Iemand enig idee aan wie JP morgan chace op 16-03-2023 zijn 5% belang heeft verkocht? Dat kan alleen aan Blijdorp zijn geweest want die hoeft dit pas bij 75% te melden

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Rowi62 schreef op 30 maart 2023 15:57:

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Altijd even een bron bij dit soort bercihten svp

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RESEARCH schreef op 30 maart 2023 18:09:

Zojuist een notificatie ontvangen: Niet echt schokkend volgens mij

B&S publishes outcomes of governance review

Mensdorf, Luxembourg – March 30, 2023 (18:00 CET)

B&S Group S.A. (“B&S” or the “Company”), tech company in the consumer goods industry, announces it has finalized the review of its control framework and governance practices and publishes the outcomes hereof today.

As per the end of 2022 a financial relation between B&S CEO at the time, and a company owned by the majority shareholder surfaced that should have been disclosed in the Annual Reports of 2020 and 2021. As a result, the Company decided to initiate a full examination of its governance policies and practices during the preparation of the 2022 Annual Accounts, as communicated on February 20, 2023.

This review has now been concluded and all parties concerned have provided full cooperation. Although the transactions that surfaced in the examination have not directly materially disadvantaged B&S in any manner, these have not been in accordance with the Company’s strict policies to avoid conflicts of interest. The Company reiterates the issues that were identified in the review have no material impact on the 2022 financial results nor on the financial position of B&S. The Company expects to publish its FY 2022 Results shortly.

The review
In addition to the transaction described above that surfaced prior to the examination, the review has shown several other transactions between the majority shareholder (directly or indirectly) and certain members of the Company’s management. In addition to these management transactions, two loans were provided to employees. B&S was not involved in any manner in any of these transactions. All transactions originated prior to the financial year 2022. These transactions, which should have been disclosed in previous Annual Reports of the Company, are detailed in the appendix of this press release.

The Company has now concluded its review, leading to full disclosure in the Annual Report of 2022 of all seven transactions. Upon conclusion of the examination, there were no longer any financial relationships between Executive Board members or management and the majority shareholder.

As part of the review, B&S has also assessed two related party rental agreements that were renewed in 2022. Independent valuators have confirmed, in a separate assignment, the market conformity (at arm’s length) of both rental agreements.

Furthermore, the Company has noted certain dual roles as some of the Company’s employees occasionally performed services for entities of the majority shareholder. These services were concluded to be non-material over the past years as part of the Company’s related party transaction analysis, but in light of this examination, the Company decided to re-evaluate the period since 2018 in full. An in-depth analysis was conducted for the period up to and including 2022, and the fees relating to the services for the full period have been paid by the majority shareholder. As per the end of 2022, all these dual roles have been cancelled.

This press release contains information within the meaning of Article 7(a) of the Market Abuse Regulation.