(Boursier.com) — Casino Guichard-Perrachon announces today the finalization of the regrouping of the shares making up its capital by way of exchange of one hundred existing shares for one new share and the effectiveness of the capital reduction by way of reduction in the nominal value of the shares decided by the Board of Directors of Casino meeting on April 24, 2024 in accordance with the twelfth and thirteenth resolutions approved by the shareholders of Casino meeting as a party class affected by the Casino safeguard plan approved by the Paris Commercial Court on February 26, 2024 dated January 11, 2024.
Please note that these technical adjustments are purely arithmetic and have no impact on the value of the Casino securities held in the portfolio by each shareholder.
Terms of the share consolidation
The main characteristics of this share consolidation, as detailed in the consolidation notice published in the Bulletin des Annonces Légales Obligatoires (BALO) on April 29, 2024 and in the press release published by Casino on April 24, 2024, are as follows:
* Basis of grouping: exchange of one hundred old shares with a par value of one euro cent for one new share with a par value of one euro carrying current rights.
* Number of old shares subject to consolidation: thirty-nine billion five hundred seventy-four million forty-four thousand four hundred and twenty-nine (39,574,044,429) shares with one euro cent par value each.
* Number of new shares to result from the consolidation: three hundred and ninety-five million, seven hundred and forty thousand, four hundred and forty-four (395,740,444) shares with a par value of one euro each.
* Centralization: The new shares resulting from the merger were admitted to trading on the regulated Euronext market in Paris, from June 14, 2024, the first day of trading, and were assigned the following ISIN code: FR001400OKR3.
The new shares resulting from the consolidation will be eligible for the SRD (Deferred Settlement Service) from June 14, 2024.
Shareholders who have not been able to obtain a number of old shares that are a multiple of one hundred (100) will be compensated for their fractional rights within a maximum of 30 days from their delivery (Payment Date) by their financial intermediary, i.e. until July 18, 2024 inclusive.
Each shareholder is invited to contact their financial intermediary for any questions on this subject.
At its meeting of April 24, 2024, the Board of Directors of Casino decided to implement the capital reduction in accordance with the terms of the authorization granted to it by the Meeting of Shareholders, subject to the finalization of the Casino share consolidation operations.
As a result, the par value of each share of the Company was reduced from one euro to one euro cent, a reduction of ninety-nine euro cents per share.
The amount of this capital reduction was allocated to a special reserve account entitled “Special reserve from Capital Reduction no. 2 decided on January 11, 2024” and can only be used to clear the losses made by the company. Please note that the reduction by reducing the nominal value is a purely technical operation, with no impact on the market value of Casino shares or on the number of shares in circulation.
Consequently, the share capital of Casino is now set at three million, nine hundred and fifty-seven thousand, four hundred and four point forty-four (3,957,404.44) euros divided into three hundred and ninety-five million, seven hundred and forty thousand, four hundred and forty -four (395,740,444) shares with a par value of one euro cent (0.01 euro) each, fully paid up.
Technical adjustments to the exercise parity and exercise price, where applicable, of share subscription warrants issued by Casino
By decision of the Chief Executive Officer of June 14, 2024, the free share allocation rights under existing Casino free share allocation plans were adjusted in order to take into account this consolidation operation.
Consequently, the number of shares to be allocated to each beneficiary of the Plans is adjusted so that it corresponds to the product of (i) the number of free shares to be allocated to each beneficiary of the Plans before the start of the consolidation operations and (ii ) of the ratio between the number of new shares making up the capital of the company after the regrouping operations and the number of old shares making up the capital of the company before the regrouping operations, i.e. 1/100, it being specified that when the number of free shares thus calculated is not a whole number, the number of free shares to be allocated to the beneficiary of said free shares will, for each holder, be rounded down to the nearest whole number of shares (in accordance with the doctrine of the tax administration).