The shareholders of Risc Group give their go ahead to STS Group’s strategic approach

During the December 18th 2009 Extraordinary General Assembly, shareholders of Risc Group agreed the proposed Risc /STS Group offer. This follows the protocol signed on October 20th, 2009 between both companies.

In accordance to what had been previously announced, namely the acceptance by the Assembly for STS Group to enter  Risc Group’s capital, Mr Bernard CALVIGNAC, Mr Henry CREMADES and Mr Pierre FORT, all three founding members of STS Group, were officially appointed as administrators of Risc Group.

In addition, the Board of Directors met after the Assembly to appoint Mr. Bernard Calvignac as CEO of Risc Group, replacing Mr. Gerard Guillot and Mr Jean-Pierre Lecou, who respectively resigned from their positions as President and General Director of Risc Group.

On this occasion, Gérard Guillot declared:I welcome the Assembly’s approval for the STS Group project, presented by the Board of Directors. The entry of STS Group in the capital of Risc Group will strengthen the company’s equity capital and its governance will henceforth find itself stabilized. I am delighted to know that the future of Risc Group can now emerge from uncertainty."

Bernard Calvignac followed by announcing:
“I feel invested, as from today, with a difficult mission, consisting in rapidly restoring the financial balance of the company. I hereby wish to thank all the collaborators and partners of Risc Group for their support of the new management in this task.”
With this approval, STS Group can now help Risc Group complete its operational restructuring before launching an ambitious industrial and commercial synergy project for the SOHO-SME market.

More information : http://www.risc-sts.com/ http://www.risc-group.com/