Invexans renews its long-term partnership with Nexans

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.