After four years of reflection and design work crowned by the filing of an international patent application, NEOLINE was incorporated in 2015 as a simplified public limited company with a share capital of €48,000.
The management team is headed by Michel Pery as chairman and Jean Zanuttini as Chief Executive Officer. A management committee has been set up to help steer the project and ensure proper coordination between shareholders and management. Since 2017, new partners have joined the company through capital increases to cover the investments needed to boost the project forward, including technical and commercial studies, as well as the first recruitments.
The effective management of the NEOLINE project is ensured by Jean Zanuttini, assisted by an operational team with all the necessary skills. As of December 1, 2018, the company’s share capital stood at €222,700 and a further contribution of nearly €600,000 was brought by its shareholders since the beginning. In addition, €150,000 in public funds were grantedby the BPI and the Pays de la Loire Region.
A turn of shareholders will take place when the first ships start being built which will of course entail a change in the company’s capital structure. The organisation of the company itself will also need strengthening by then.