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     193  0 Kommentare Casino completes reverse share split Adjustments to the warrants exercise parity and allocation rights under free share allocation plans

    Casino completes reverse share split

    Adjustments to the warrants exercise parity and allocation rights under free share allocation plans

    Paris, 14 June 2024

    Casino, Guichard-Perrachon (“Casino”) today announces (i) the completion of the reverse share split of its share capital through the exchange of one hundred (100) existing shares for one (1) new share and (ii) the effectiveness of the share capital reduction through a decrease in the par value of the shares decided by Casino’s Board of Directors meeting on 24 April 2024, in accordance with the twelfth and thirteenth resolutions approved by Casino's shareholders in a meeting of the parties affected by Casino's safeguard plan approved by the Paris Commercial Court on 26 February 2024, dated 11 January 2024 (the “Shareholders' Meeting”).

    These technical adjustments are purely arithmetical and have no impact on the value of Casino shares held by each shareholder.

    Terms and conditions of the reverse share split

    The main features of this reverse share split, as detailed in the notice of reverse share split published in the Bulletin des Annonces Légales Obligatoires (BALO) on 29 April 2024 and in the press release published by Casino on 24 April 2024, are as follows:

    • Basis for consolidation: exchange of one hundred (100) existing shares with a nominal value of one euro cent (€0.01) for one (1) new share with a nominal value of one euro (€1) and current dividend rights.
    • Number of existing shares subject to the reverse share split: thirty-nine billion five hundred and seventy-four million forty-four thousand four hundred and twenty-nine (39,574,044,429) shares, each with a par value of one euro cent (€0.01).
    • Number of new shares to be issued on 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 (€1.00) each.
    • Centralization: new shares resulting from the reverse split were admitted to trading on the Euronext regulated market in Paris from 14 June 2024, the first day of trading, and were assigned the following ISIN code: FR001400OKR3.

    New shares resulting from the reverse split will be eligible for the SRD (Service de Règlement Différé) from 14 June 2024.

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    Casino completes reverse share split Adjustments to the warrants exercise parity and allocation rights under free share allocation plans Casino completes reverse share split Adjustments to the warrants exercise parity and allocation rights under free share allocation plans Paris, 14 June 2024 Casino, Guichard-Perrachon (“Casino”) today announces (i) the completion of …

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