McPhy Energy
Proposed transfer of the listing of McPhy shares on Euronext Growth Paris - Seite 3
Compensation of corporate officers. The rules governing the compensation of corporate officers (Say On Pay) set out in Articles L. 22-10-8 et seq. of the French Commercial Code will no longer be mandatory.
Audit committee. The Company will no longer be subject to the provisions of Articles L. 821-67 and seq. of the French Commercial Code (previously codified in L. 821-19 and seq. of the French Commercial Code) concerning audit committee.
Offices of the Statutory Auditors
The rules specific to public-interest entities, particularly those relating to seniority limitations, the selection of Statutory Auditors and tendering for their appointment, as set out in Article L. 823-1 II-al. 1 of the French Commercial Code and the provisions of Regulation (EU) n°537/2014 of April 16, 2014, will no longer be applicable.
Liquidity of the share
As this is a non-regulated market, the Company draws attention to the fact that the transfer to Euronext Growth Paris could result in a different trend in the liquidity of the shares than the one observed on the Euronext Paris regulated market. The said transfer could also lead certain investors, who give preference to shares of issuers listed on a regulated market, to sell their McPhy shares.
Indicative timetable for the proposed transfer (subject to approval by the Combined General Meeting of the Company's shareholders and by Euronext Paris SA):
Avril 9, 2024 | Meeting of the Board of Directors to convene the Combined Shareholders’ Meeting and submit to it, among other things, the proposed transfer of the Company's shares to Euronext Growth Paris |
Avril 10, 2024 | Publication of this press release outlining reasons, conditions and consequences of the proposed transfer to Euronext Growth Paris (first press release) |
May 30, 2024 |
Combined Shareholders’ Meeting to vote on the proposed transfer of listing In the event of a favorable vote by the Combined Shareholders’ Meeting, meeting of the Board of Directors called to implement the transfer of listing and issue of a second press release |
June 10, 2024 | Application filed with Euronext Paris to delist the shares from Euronext Paris and list them on Euronext Growth Paris |
Starting July 24, 2024 |
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Earliest on July 30, 2024 |
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Listing on Euronext Growth Paris would take place at the earliest after the expiration of a period of 2 months from the Combined Shareholders’ Meeting that approved it, i.e. at the earliest on July 30, 2024.