Business
Public announcement in accordance with article 7:97, § 4/1 of the Belgian Code of Companies and Associations ("CCA") concerning the signing of a Pledge Agreement and a Letter of Consent and Release with Enodia
Public announcement in accordance with article 7:97, § 4/1 of the Belgian Code of Companies and Associations ("CCA") concerning the signing of a Pledge Agreement and a Letter of Consent and Release with Enodia Signing of a Pledge Agreement and a Letter owf Consent and Release with Enodia in connection with the demerger of VOO On 2 June 2023, within the framework of the acquisition of VOO SA ("VOO") by Orange Belgium SA/NV (the "Company"), VOO and Enodia SCI ("Enodia") signed a Service Agreement,
About this update from Orange Belgium Sa
[{"type":"image","alt":"Orange Belgium","displaySize":"","headline":null,"caption":"Orange Belgium","className":"","disableSlideshowImg":false,"size":{"original":{"width":224,"height":224,"url":"https://media.zenfs.com/en/globenewswire.com/1c175c25758687e4b1917e4251990f95"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RAA8aGkRs7sXW.FvfsFTjw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/1c175c25758687e4b1917e4251990f95","width":224,"height":224}},"lazy":false},{"type":"text","content":"Public announcement in accordance with article 7:97, § 4/1 of the Belgian Code of Companies and Associations ("CCA") concerning the signing of a Pledge Agreement and a Letter of Consent and Release with Enodia","length":219,"tagName":"p"},{"type":"text","content":"Signing of a Pledge Agreement and a Letter owf Consent and Release with Enodia in connection with the demerger of VOO","length":117,"tagName":"p"},{"type":"text","content":"On 2 June 2023, within the framework of the acquisition of VOO SA ("VOO") by Orange Belgium SA/NV (the "Company"), VOO and Enodia SCI ("Enodia") signed a Service Agreement, in the presence of the Company and Nethys SA, relating to the performance of subcontracting assignments by Enodia for VOO (the "Service Agreement").","length":361,"tagName":"p"},{"type":"text","content":"Pursuant to the Service Agreement, VOO granted Enodia a mandate under which Enodia is authorized to create a first-rank pledge over VOO’s business, as security for all amounts that may be owed by VOO to Enodia under the Service Agreement, up to a maximum amount of EUR 250,000,000 (the "Mandate").","length":307,"tagName":"p"},{"type":"text","content":"In the context of the demerger of VOO, as set out in the draft demerger plan jointly prepared on 18 August 2025 (and, as regards the Company, published in the Appendices to the Belgian Official Gazette on 25 August 2025) by the respective boards of directors of VOO, the Company and Orange NetCo SA (the "Demerger"), it was proposed that (i) the Service Agreement, and all VOO’s rights and obligations arising therefrom, be transferred from VOO to the Company and that (ii) the Mandate be terminated and replaced by a pledge agreement covering the Company’s trade receivables and bank accounts for the benefit of...