Operations with related parties

Publication of operations conducted with related parties
(in accordance with article R. 225-30-1 of the French Commercial Code)

Information last updated on December 17th, 2019.

 

Agreement authorized by the Board of Directors on May 17, 2018 (approved by the General Meeting on June 12, 2018):

Name of the person directly or indirectly interested:
Mr. Henri Seydoux, Chairman and CEO of PARROT S.A. and President of the company HORIZON S.A.S. (registered office: 10 Bis avenue de la Grande Armée 75017 Paris, registered in the Paris Trade and Companies Register under number 794 168 179).

Date, main provisions and interest for the Company:
Share transfer agreement concluded on May 21, 2018 between PARROT S.A. and HORIZON S.A.S., the purpose of which is to determine the terms and conditions for the sale of Parrot Shmates shares held by PARROT S.A. to HORIZON. The overall fixed price is  €8,000, with an additional price of €2.3 million maximum depending on the turnover of Parrot Shmates and the cumulative profitability of Parrot Shmates. In the event of the development of Parrot Shmates' activity, PARROT S.A. will therefore benefit from an additional price.


Agreement authorized by the Board of Directors on November 22, 2018 (rejected by the General Meeting on June 13, 2019):

Name of the person directly or indirectly interested:
Mr. Henri Seydoux, Chairman and CEO of PARROT S.A.

Date, main provisions and interest for the Company:
Contract for the provision of works of art by Mr. Henri Seydoux to PARROT S.A., free of charge, concluded on November 23, 2018 for an indefinite period with the possibility of termination at any time with two months' notice. The Company bears the cost of insurance for works of art as long as they are exhibited on the premises of the Company (overall cost of approximately €8,000 including tax, which may vary depending on the conditions for renewal of the insurance). The Company thus intends to decorate its premises at a reduced cost with works of art whose prestige will benefit its communication, both vis-à-vis the employees present and outside visitors.


Agreement authorized by the Board of Directors on November 22, 2018 (rejected by the General Meeting on June 13, 2019):

Name of the person directly or indirectly interested:
Mr. Henri Seydoux, Chairman and Chief Executive Officer of PARROT SA and Chairman of the company HORIZON SAS itself president of the company HORIZON TABLEAUX SAS (registered office: 10 Bis avenue de la Grande Armée 75017 Paris, registered in the Trade and Companies Register from Paris under number 829 013 739).

Date, main provisions and interest for the Company:
Contract for the provision of works of art by HORIZON TABLEAUX to PARROT S.A., free of charge, concluded on November 23, 2018 for an indefinite period with the possibility of termination at any time with two months' notice. The Company bears the cost of insurance for works of art as long as they are exhibited on the premises of the Company (overall cost of approximately €8,000 including tax, which may vary depending on the conditions for renewal of the insurance). The Company thus intends to decorate its premises at a reduced cost with works of art whose prestige will benefit its communication, both vis-à-vis the employees present and outside visitors.