(Boursier.com) — The group CIS has decided to submit to the Ordinary General Meeting of shareholders to be convened on August 30, 2022, the plan to transfer the listing of its shares from the regulated market Euronext Paris to the multilateral trading system Euronext Growth Paris.
CIS believes that this transfer would allow it to be listed on a market more appropriate to its size, market capitalization and profile, with simplified operation, more in line with its current needs. This project would also make it possible to reduce its costs related to listing, while allowing it to continue to benefit from the attractiveness of the financial markets, both in terms of dynamics and visibility.
Subject to the approval of this project by the shareholders at the general meeting on August 30, 2022 and the agreement of Euronext Paris, this listing will be carried out through an accelerated procedure for direct admission to trading of the existing shares of the company, without issuance of new shares. CIS meets, to date, the eligibility conditions required in the context of the transfer procedure, namely a market capitalization of less than one billion euros and a free float of more than 2.5 million euros. These conditions must also be met on the day of the transfer request. Furthermore, CIS is up to date with its information obligations on Euronext Paris.
Listing on Euronext Growth Paris would take place no earlier than October 31, 2022.
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