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Tuesday 04 January, 2011

The Supervisory Board decides to convene an EGM...

PR Newswire/Les Echos/

- Press Release -

The Supervisory Board of decides to convene an Extraordinary General
   Meeting of shareholders in order to propose a limitation of voting rights

Paris, 4 January 2011 - A meeting of's Supervisory Board was held on
3 January 2011. The Supervisory Board has decided, through an unanimous vote of
all its members, to convene an Extraordinary General Meeting of shareholders
("EGM") in order to submit to the vote of's shareholders a draft
resolution providing for a limitation of the voting rights, capped at 15% of all
voting rights attached to the shares of the Company. Such provision would be
waived in case any shareholder would come to own, alone or acting in concert, at
least 50.01% of the share capital or voting rights of the Company following
successful completion of a public tender offer.

This proposed amendment to the Company's articles of association, which occurs
during the offer period, will be submitted to the approval of's
shareholders in the framework of Article L. 233-32 of the French Commercial
Code. Such change in the Company's articles of association is in line with the
Supervisory Board's stated objective to prevent any attempt of a creeping
takeover of the Company as indicated in the reply document of the Company which
received from the AMF visa n°10-421 on 29 November 2010. Under no circumstances
does it aim to prevent the success of any public tender offer that would be
launched under terms and conditions considered as satisfactory by shareholders
and accepted by them.

The EGM will take place on 20 January 2011 at 2.00 pm at the Holiday Inn hotel
located 216 avenue Jean Jaurès, 75019 Paris, France. The shareholders of the
Company will be kept informed of the conditions of participation to the EGM as
per applicable legal and regulatory provisions.

The Management Board of, which also met on 3 January 2011, agreed on
the proposed resolutions. Its report, approved the same day, recommends that
shareholders vote in favour of the resolutions presented by the Supervisory
Board. Consequently, during the EGM, the Chairman of the General Meeting will
vote, on behalf of proxies received from shareholders, in favour of those
resolutions proposed by the Supervisory Board.

                            Next events

Extraordinary General Meeting:    20 January 2011 (2:00 pm)
Annual turnover for 2010:         25 January 2011 (after market closing)

About has been the specialist leader of on-line real estate in France for
the past 18 years. Its websites are available on any screen (computer, mobile
phone and connected TV) and every day millions of French Internet users view the
1.1 million plus property ads posted by estate professionals at any time, from
wherever they may be.

Be it a purchase or rental, resale or property development, in France or abroad,
a business location or a demeure de charme, everyone can satisfy their property
project through one of the Group's 7 websites:


The Group also provides real estate professionals the broadest visibility of
their ads with an audience of 3 million unique visitors and close to 15 minutes
viewing per visitor via its different websites.

It is also the number-one supplier of Internet websites for real estate agencies
and software transaction design for professionals with Périclès (Source:
Mediamétrie // Nielsen Netratings). has been listed on Euronext Paris (compartment B) since 30 November
2006 and is part of the following indexes: SBF 250, CAC MID 100, CAT IT and
Euronext 100.

ISIN code: FR0010294595.

Contacts         Brunswick

Investors relations :        Marie-Laurence Bouchon

Laurence Bégonin Maury       Alexandra van Weddingen

Tel: +33 1 53 38 29 00       Tel: +33 1 53 96 83 83

[email protected] 

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