(CercleFinance.com) – As part of its financial restructuring Casino
announces various capital increases, reserved for secured creditors, bondholders, TSSDI holders and the SPV consortium.
The capital increase is associated with the issue of 2,275,702,822 subscription warrants at the exercise price of one euro cent (0.01 E), the issue of 2,111,688,559 subscription warrants ordinary shares at the initial exercise price of 0.0461 euros, and the issuance of 542,299,330 share subscription warrants at the exercise price of 0.0000922 euros each.
Please note that the Reserved Capital Increases and the BSA issuances are part of Casino’s accelerated safeguard plan approved by the Paris Commercial Court on February 26, 2024.
In this context, the trading of Casino shares will be suspended on March 27 and should resume on March 28, 2024 at the opening of the market (subject to the successful completion of the financial restructuring).
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