Believe's Annual General Meeting Rescheduled
Believe, a leading digital music company, has recently made an announcement regarding the postponement of its Annual General Meeting. Originally set for June 26, the meeting is now on hold as the company navigates through significant corporate activities.
Significance of the Postponement
The decision to delay the Annual General Meeting was approved by the President of the Paris Economic Activities Court. This delay is important for Believe as they wait for the completion of a major transaction involving a public tender offer from Upbeat BidCo. This tender offer is aimed at acquiring shares and will lead to a squeeze-out of the company's shares. Such corporate actions require careful management and timing to ensure transparency and maximize shareholder value.
Shareholder Communication and Commitment
Believe has reassured its shareholders of their commitment to keeping them informed throughout this process. They appreciate the understanding of their stakeholders as they navigate the complexities of the public tender offer. Constant communication is essential in these situations, and Believe is dedicated to providing updates as they progress.
About Believe and its Mission
Founded with a mission to empower independent artists and labels, Believe stands as a global leader in the digital music industry. They focus on providing artists with the tools necessary for growth in an increasingly digital world. With a workforce of over 2,037 passionate employees in more than 50 countries, Believe offers a wide range of services through its various brands, including TuneCore, Nuclear Blast, and more.
Innovative Solutions for Artists
Believe’s global technology platform is a significant asset, allowing independent artists and labels to distribute and promote their music effectively. The company is committed to fostering an environment of respect, fairness, and transparency, ensuring artists can thrive in their careers.
Investor Relations
Investors looking to reach out for more information can contact Emilie Megel at Emilie.megel@believe.com or call at +33 6 07 09 98 60. The investor relations team remains available to answer any questions regarding recent activities and the future direction of the company.
Press Contact for Media Inquiries
Media representatives can connect with Marion Lanvin at marion.lanvin-ext@believe.com, or by phone at +33 6 26 67 73 00 for press-related inquiries, ensuring thorough coverage of Believe’s initiatives.
Frequently Asked Questions
What caused the postponement of Believe's Annual General Meeting?
The postponement is due to the authorization by the President of the Paris Economic Activities Court, allowing for the completion of a public tender offer by Upbeat BidCo.
When will the rescheduled Annual General Meeting take place?
The rescheduled date has not yet been announced and will occur after the completion of the squeeze-out process.
What is Believe's primary mission in the music industry?
Believe aims to support and develop independent artists and labels in the digital realm by providing essential tools and solutions for growth.
How does Believe ensure transparency with its shareholders?
Believe is committed to maintaining open communication with its shareholders, providing updates and information as significant developments arise.
What are some of the brands under Believe?
Believe operates several brands, including TuneCore, Nuclear Blast, Ishtar, and Groove Attack, among others, to offer diverse solutions for their clients.
