Stock exchange : Rodriguez Group divides the nominal value by 5

The specialist of high-luxury yachts, the Rodriguez group, whose office is in Cannes, represents today one of the most wonderful success of the second market. Listed on the stock exchange on May 20th 1998, its share has increased by around 700% since then ! This amazing rise explains why, today, the group from Cannes wants to divide the nominal value of its shares by 5, in order to widen its shareholding. On Monday January 12th, for 384 euros, the share was not very accessible.

During the general assembly of March 22nd, it will as well be proposed to transform the company statutes which would become a stock company with a board of directors and a watching council. Last year (the exercise closed on September 30th 2000), Rodriguez Group has generated a turnover of 115.7 million euros (759.20 million francs), rising by more than 60 % compared to last year. Within three years, the turnover has been multiplied by three. As for the last quarter 2000, the activity increased again by 17 %, while the order book is up to 130 million euros. On the other hand, in December 2000, the company was integrated in the SBF 250, one of the main index of Euronext.