Cegedim: plan to transfer its shares to Euronext Growth Paris.

Core Viewpoint - Cegedim plans to transfer its shares from Euronext Paris to Euronext Growth, aiming to enhance visibility and attractiveness, with a shareholder meeting scheduled for June 13, 2025, to approve this move [1][2]. Company Overview - Cegedim is an innovative technology and services group focused on digital data flow management for healthcare ecosystems and B2B, employing nearly 6,700 people across more than 10 countries, and generated over €654 million in revenue in 2024 [21]. Transfer Details - The transfer to Euronext Growth is expected to position Cegedim among the top 30 market capitalizations on this less-regulated market, which offers some regulatory relief while maintaining best practices [2][3]. - Cegedim currently meets the eligibility criteria for the transfer, including a market capitalization of less than €1 billion and a public float of at least €2.5 million [3]. Shareholder Meeting - The Ordinary Shareholders' Meeting on June 13, 2025, will vote on the proposed transfer, and if approved, the Board of Directors will implement the transfer process [4][20]. Regulatory Changes - Following the transfer, Cegedim will continue to publish annual and half-yearly reports, but the half-yearly financial statements will no longer require statutory auditor audits [5][6]. - The company will maintain its commitment to transparency regarding insider information and will continue to comply with IFRS standards and CSRD requirements for sustainability information [7][8]. Corporate Governance - Cegedim will uphold parity rules on its Board and maintain existing audit committee provisions, ensuring good governance practices remain intact [9][10]. - The shareholders' meeting will no longer need to approve the remuneration policy for corporate officers, streamlining governance processes [11]. Shareholder Protection - The transfer will ensure minority shareholder protection through mandatory public offers in case of crossing the 50% threshold of capital or voting rights [14]. - Companies listed on Euronext Growth are only required to communicate significant changes in shareholding at the 50% and 90% thresholds [15]. Liquidity Considerations - The transfer to Euronext Growth may affect the liquidity of Cegedim shares, which could differ from the liquidity on the regulated Euronext Paris market, although the company will maintain its liquidity contact [17][18].