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After a diligent selection procedure, the Board of Directors of Etex has followed the advice of the Remuneration and Nomination Committee to nominate Jo Van Biesbroeck as the successor of Jean-Louis de Cartier as Chairman of the Board of Directors. The succession would be effective immediately after the proposed renewal of Jo’s Director’s mandate at the general shareholders’ meeting on 26 May 2021. To enable a smooth transition, between now and the general shareholders’ meeting, Jo Van Biesbroeck will serve as Vice-President of the Board of Directors.

Zaventem, 24 November 2020 – Etex announces it has signed an agreement with Knauf to acquire its plasterboard business in Australia. With this move, Etex expands its footprint on the attractive Australian construction market with significant growth opportunities. The acquisition is subject to customary closing conditions, with finalisation expected early 2021.

Zaventem, 22 October 2020 – Terreal, a French pioneer in roofing and innovative solutions for the building envelope, has signed a definitive agreement with Etex to acquire its clay roof tile business Creaton. This divestment marks Etex’s complete exit from the clay and concrete roof tiles business. As a result, Etex sharpens its strategic focus on becoming a global leader in lightweight building solutions. The sale of Creaton is subject to customary closing conditions, and is expected to be finalised in the first quarter of 2021.

The holders of shares issued by Etex NV are informed that a Special General Shareholders’ Meeting of Etex will be held on Thursday 22 October 2020 at 15:00 CEST at the registered office of the Company, PassPort Building, Luchthaven Brussel Nationaal, Gebouw 1K, 1930 Zaventem or at such other place indicated at that place at that time.

Etex announces it has acquired FSi Limited, a British company specialised in passive fire protection solutions with a strong focus on fire stopping. FSi operates a production facility in Measham, East Midlands, as well as a distribution centre in West Thurrock, Greater London Area.

Zaventem, 31 August 2020 – In the context of the ongoing COVID-19 pandemic, Etex reports a like-for-like1 decline in revenue of 10.8% and of 8.9% in REBITDA for the first half of 2020. The REBITDA margin remains remarkably stable compared to last year at 16.7%. The net recurring profit (Group share) is down 14.2% year-on-year at comparable scope.