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Article R214-154 of the French Monetary and Financial Code

A shareholder who is not entitled to a whole number of shares on the basis of the exchange ratio may obtain a fractional share refund or pay in cash the additional amount required to allocate a share. These reimbursements or payments are neither reduced nor increased by redemption or subscription fees and commissions.

Original in French 🇫🇷
Article R214-154

L’associé ne pouvant prétendre, compte tenu de la parité d’échange, à un nombre entier de parts peut obtenir le remboursement du rompu ou verser en espèces le complément nécessaire à l’attribution d’une part. Ces remboursements ou versements ne sont ni diminués ni majorés des frais et commissions de rachat ou de souscription.

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