MRM // 2021 Universal Registration Document

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General information on the issuer and its share capital Management report for the nancial year ended 31 December 2021

The average cost of debt was 1.55% in 2021, down 3 points compared to 2020:

therefore decreased from 43,667,813 to 43,667,800. As of 24 February 2022, the share capital stood at €43,667,800. Then, for shareholders who do not hold a number of current shares multiple of 20, a purchase/sale period of current shares will begin on 21 March 2022 and end on 19 April 2022 inclusive. At the end of the above mentioned exchange period, in accordance with the provisions of Article 6 of Decree 48 1683 of 30 October 1948 and Article R.228-12 of the French Commercial Code, the new shares that could not have been allocated individually and corresponding to the fractional rights will be sold; the proceeds of sale will be distributed in proportion to the fractional rights among the holders of said rights, within 30 days from 22 April 2022. The reverse split will take effect on 20 April 2022, and the share capital will then consist of 2,183,390 new shares with a par value of €20. The shares involved in the reverse split will still be admitted to trading on the Euronext Paris regulated market under ISIN code FR0000060196 and will continue to be admitted until 19 April 2022, the fnal day of the exchange period and of their listing. The new shares resulting from the reverse split will be admitted to trading on the Euronext Paris regulated market under a new ISIN code (FR00140085W6), from 20 April 2022, the frst day of their listing. The mnemonic code (MRM) will remain unchanged. 1.4.2 Reletting of 2,000 Sqm in Carré Vélizy In January 2022, M.R.M. signed a new lease with a ftness brand for a surface area of 2,000 Sqm in Carré Vélizy, a mixed-use building of retail and offces located in Vélizy Villacoublay. The new lessee will move in to the premises previously occupied by Offce Dépôt, which freed up the space at the start of the year following the liquidation of its parent company. M.R.M.’s priorities for 2022 as a whole are: • analysis and deployment of investment programmes to enhance the value of current portfolio assets; • letting available space; • the deployment of the ESG action plan and the Climate Plan adopted by the Company, with particular attention paid to reducing energy consumption; • dynamic management of the portfolio with analysis of potential acquisitions and disposals. 1.5 Foreseeable changes and outlook

Average cost of debt (in millions of euros)

2021 2020

Gross borrowing cost

1.2

1.2

Restatement for non-recurring items Gross restated borrowing costs

-0.0

-0.0

1.2

1.2

Average debt outstanding

76.3

77.3

AVERAGE COST OF DEBT

1.55% 1.58%

All of the Group’s borrowings as of 31 December 2021 had a maturity of more than one year, with 93% of the debt maturing in December 2028. The Group’s consolidated LTV ratio stood at 46.0% as of 31 December 2021 compared with 47.7% on 31 December 2020. In view of the cash position, the total net debt ratio was 40.0% as of 31 December 2021, compared with 41.4% on 31 December 2020. As of 31 December 2021, the Group complied with all commitments in respect of the LTV, ICR and DSCR covenants agreed with its financial partners. 1.4.1. Reverse stock split The Combined General shareholders’ Meeting of 24 June 2021 authorised, in its seventeenth extraordinary resolution, a reverse stock split of the Company and delegated all powers to the Board of directors to implement the decision for a period of 18 months. A reverse split is a technical adjustment that does not affect either the total amount of the Company’s share capital or the value of the share portfolio held by shareholders. The aim is to make the share price less volatile, as volatility is higher for shares trading at a level of around €1. During the meeting held on 24 February 2022, the Board of directors decided to implement the reverse split, which will result in the exchange of 20 existing shares with a par value of €1 for 1 new share with a par value of €20. Prior to the reverse stock split, in order to obtain a number of shares outstanding which is a multiple of 20, it was decided to cancel 13 treasury shares through a capital reduction. The number of existing shares comprising the share capital 1.4 Major subsequent events

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT

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