June 21 (Reuters) – Casino Guichard Perrachon SA:
* DECISION GRANTING FRH AND CASINO’S REQUEST FOR EXEMPTION FROM THE OBLIGATION TO MAKE A PUBLIC PURCHASE OFFER ON CNOVA
* EXEMPTION FROM THE OBLIGATION TO MAKE A PUBLIC OFFER TO PURCHASE THE SHARES AND DEPOSITORY CERTIFICATES ISSUED BY CNOVA
* ON THE CONDITION THAT CASINO INITIATES, WITHIN FOUR MONTHS FOLLOWING THE ABOVE-MENTIONED DECISION, WITH THE CHAMBER OF ENTERPRISES, A MANDATORY REDEMPTION PROCEDURE
* MANDATORY REDEMPTION PROCEDURE IN WHICH THE PRICE OF CNOVA SHARES WILL BE AT LEAST EQUAL TO THE PRICE PER SHARE THAT FRH SHOULD HAVE OFFERED IN THE CONTEXT OF A MANDATORY PUBLIC OFFER ON CNOVA UNDER FRENCH LAW
*THE OBLIGATION TO MAKE A MANDATORY PUBLIC PURCHASE OFFER ON CNOVA WOULD AGAIN APPLY IF CASINO FAILS TO INITIATED WITHIN THE ABOVE-MENTIONED PERIOD THE MANDATORY BUYOUT PROCEDURE Original text on Workspace For more details, click on (Gdansk Office)
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