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Digigram Management Gains Shares And Sells InnovaSON Stock

Grenoble, France and Amsterdam, NL - A holding company created by Digigram's senior management under the leadership of Digigram CEO Philippe Delacroix has acquired 10 percent of Digigram's shares, as the company's co-founders and majority shareholders have retired definitely from operational tasks and have sold the major part of their shares in a move that has been planned for years. Co-founders Philippe Girard-Buttoz and Marian Marinescu have sold an additional 19.52 percent of Digigram shares to the investment company Alto Invest that will have no influence on Digigram's operations. In a separate move that happened simultaneously, Digigram has continued its strategy to concentrate on its core activities and has sold 100 percent of its subsidiary InnovaSON, a manufacturer of digital mixing consoles, to the InnovaSON management team.

The management holding company has been created by managing director Philippe Delacroix who now becomes Digigram's CEO, financial and administrative director Florence Marchal, customer service director Stéphane Bert, as well as quality manager and industrial director Gilbert Durand.
Investment company Alto Invest, which has acquired its shares through two FCPI-type investment funds, will have no seat on Digigram's supervisory board and no influence on Digigram's operations. The new shareholder assures long-term stability to Digigram as the FCPI-type funds have an investment term of at least five years.

The two Digigram co-founders will maintain minority shares in Digigram for the time being. While Philippe Girard-Buttoz will retire completely, Marian Marinescu will maintain his role as president of the supervisory board.

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