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Article R228-94 of the French Commercial code

When, in accordance with article L. 225-149, the exercise of the rights attached to the securities giving access to the capital results in a fractional entitlement, this shall be paid in cash. This payment is equal to the fraction of the share forming fractional shares multiplied by the value of the share. In companies whose shares are admitted to trading on a regulated market, this value is that of the…

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Article R229-2 of the French Commercial code

The notary who carries out the checks provided for in the last paragraph of Article L. 229-2 and in the second paragraph of Article L. 229-3 may not have acted as an agent, drawn up private deeds or given legal advice in connection with the transaction for which the audit is carried out. Nor may he work for a company or an office that has executed instruments, drafted private deeds…

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Article R229-3 of the French Commercial code

The proposed transfer to another Member State of the European Community of the registered office of a société européenne registered in France, as provided for in the first paragraph of article L. 229-2, is the subject of a notice inserted in a medium authorised to receive legal announcements in the department of the registered office and in the Bulletin des annonces légales obligatoires when the company’s shares are admitted to…

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Article R229-5 of the French Commercial code

The decision of the Extraordinary General Meeting taken pursuant to the second paragraph of Article L. 229-2 is the subject of a notice inserted in a medium authorised to receive legal announcements in the département of the registered office and in the Bulletin des annonces légales obligatoires when the company’s shares are admitted to trading on a regulated market or when its shares are not all in registered form. This…

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Article R229-6 of the French Commercial code

Shareholders’ objections and requests for redemption, as provided for in the third paragraph of article L. 229-2, are lodged within one month of the last date of publication prescribed by article R. 229-5. The company shall be notified of any such changes by registered letter with acknowledgement of receipt.

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Article R229-7 of the French Commercial code

The company shall send each of the shareholders mentioned in the previous article, within fifteen days of receipt of their request, a buyback offer by registered letter with acknowledgement of receipt. The price offered by the company to shareholders holding shares of the same class must be identical. This offer shall include the price offered per share and the proposed method of payment, as well as the period during which…

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