The corporation informs shareholders that their statutory auditors have triggered a warning procedure (phase 3) received on January 14, 2013, due to the financial situation. In this context, top management have immediately gathered the board of directors for preparing a report in response, to address the whole set of actions which they intend to put in action for facing the situation.
Such a report must be proposed and approved by the General Assembly.
The corporation also informs shareholders that a Mixed General Assembly shall be held on Wednesday February 13, 2013, at 5:30 pm, at its headquarters on 39 avenue du Granier in Meylan (38240).
The corporation specifies that an interlocutory injunction has been requested on the 18th of January from the Tribunal of Commerce of Grenoble to authorize reducing the delay ahead of the invitation of the General Assembly to 19 days (instead of 35) so as to satisfy the alarm procedure, which expects the General Assembly to be gathered within 30 days from its trigger date.
In order to proceed in the coming months with a capital increase aiming at ensuring the continuity of operation of the corporation by reinforcing the operating funds to match the corporate growth rate, the top-management shall propose to their shareholders to vote on various resolutions for delegating to their Board of Directors the competency for financial operations.
The operating terms and conditions of the operation for capital increase are not fixed yet and shall be the topics for a later communication.
The following agenda has been set by the Board of Directors:
Relevant to the competency of the ordinary general assembly
1. Resolution on the continuity of operations
2. Election of a new board director
Relevant to the competency of the extraordinary general assembly
3. Delegation of competency to the Board of directors with the aim to proceed to a social capital increase
4. Modification of by-laws
The meeting announcement serving as invitation and including the text of resolutions shall be published in the Bulletin des Annonces LÃ©gales Obligatoires (BALO) of January 25, 2013.
In accordance with the current regulations, documents and information relative to this assembly are kept at the disposal of shareholders and can be consulted on the Internet site of the company.
For the board of directors, the Executive Chairman.
About Dolphin Integration
The company occupies a key position with sustainable growth in the strategic and deverticalized industry of design for Microelectronics.
DOLPHIN Integration SA with social Capital of 1,295,120 € – www.dolphin.fr – ISIN: FR0004022754/ ALDOL – Bloomberg: ALDOL FP – Reuters: ALDOL.PA – ICB 9576. Semiconductors.