Invexans renews its long-term partnership with NexansOct 26, 2022
Paris, October 26, 2022 – Nexans announces that Invexans Limited UK (“Invexans”) renewed its commitment to remain a long-term partner and a reference shareholder of Nexans.
The Board of directors at a meeting on October 25th, chaired by Jean Mouton, absent the directors indicated by Invexans, has authorized the Chairman and the CEO to accept a commitment by Invexans to remain a long-term partner and a reference shareholder (the “Letter”).
The Letter, in line with a similar instrument due to expire on November 26th 2022, renews Invexans commitment not to ask for a Board representation in excess of three non-independent members in a Board of fourteen members or, if the Board were to be enlarged, in excess of a number of directors proportionate to its shareholding. The group of companies to which Invexans belongs to, currently holds 28.82% of Nexans shares.
“ We are very pleased with Invexans’ commitment which confirms its long-term commitment to our Group, its strategy and its people. ”
Jean MoutonChairman of the Board
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