U.S. Markets close in 2 hrs 15 mins
  • S&P 500

    3,816.23
    -5.32 (-0.14%)
     
  • Dow 30

    31,033.34
    +86.35 (+0.28%)
     
  • Nasdaq

    11,157.12
    -24.42 (-0.22%)
     
  • Russell 2000

    1,708.71
    -30.13 (-1.73%)
     
  • Crude Oil

    111.01
    -0.75 (-0.67%)
     
  • Gold

    1,817.10
    -4.10 (-0.23%)
     
  • Silver

    20.67
    -0.14 (-0.65%)
     
  • EUR/USD

    1.0449
    -0.0076 (-0.7210%)
     
  • 10-Yr Bond

    3.1120
    -0.0940 (-2.93%)
     
  • Vix

    28.88
    +0.52 (+1.83%)
     
  • GBP/USD

    1.2131
    -0.0054 (-0.4416%)
     
  • USD/JPY

    136.5630
    +0.4350 (+0.3196%)
     
  • BTC-USD

    20,000.64
    -635.49 (-3.08%)
     
  • CMC Crypto 200

    430.15
    -9.52 (-2.16%)
     
  • FTSE 100

    7,312.32
    -11.09 (-0.15%)
     
  • Nikkei 225

    26,804.60
    -244.87 (-0.91%)
     

Egide: ANNOUNCEMENT ON THE LATER PUBLICATION OF THE 2021 ANNUAL FINANCIAL REPORT

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
EGIDE
EGIDE

Bollène, May 10, 2022 – 06:00 pm (CET)

Press Release
For immediate release

ANNOUNCEMENT ON THE LATER PUBLICATION OF THE

2021 ANNUAL FINANCIAL REPORT

Egide Group announces the postponement of the publication of its 2021 annual financial report, originally scheduled on May 5, 2022.

As announced when publishing 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), has communicated its decision to stop financing the credit lines of the two American entities beyond June 30, 2022, a limit that is currently being negotiated to be delayed until September 30, 2022.

In this context, two cumulative financing projects are in progress at Egide USA and Santier, which are at the same stage at this time: accepted LOI, audits and documentation in progress, approvals expected by mid-June.

This situation could jeopardize the continuity of the US operations, which makes the certification of the accounts by the US auditors considerably more complex, in particular because of their internal audit quality process.

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 :

2022 H1 revenue: July 21, 2022

About Egide - www.egide-group.com

Egide is a group with an international dimension. specialized in the manufacture of hermetic packages and heat dissipation solutions for sensitive electronic components. It operates in cutting edge markets with strong technology barriers to entry in all critical industry segments (Thermal Imaging. Optronics. High-Frequency. Power Units…). Egide is the only pure player in this market niche with manufacturing bases in France and the United States.

Egide is listed on Euronext Paris™- Segment C - ISIN code: FR0000072373 – Reuters: EGID.PA – Bloomberg: GID

CONTACTS
EGIDE – Finance Department - Luc Ardon - +33 4 90 30 35 94 – luc.ardon@fr.egide-group.com

FIN’EXTENSO – Press Relations - Isabelle Aprile - +33 6 17 38 61 78 – i.aprile@finextenso.fr

Attachment