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Article L242-24 of the French Commercial code

The chairman, directors or managing directors of a public limited company are liable to a fine of €150,000 if they use shares purchased by the company under article L. 225-208 in order to give employees a share in the profits, to allocate free shares or to grant options giving the right to purchase shares for purposes other than those provided for in the same article L. 225-208. The same penalty…

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Article L242-30 of the French Commercial code

The penalties provided for by articles L. 242-1 to L. 242-24 for chairmen, general managers and directors of public limited companies are applicable, according to their respective attributions, to members of the management board and members of the supervisory board of public limited companies governed by the provisions of articles L. 225-57 to L. 225-93. The provisions of Article L. 246-2 are also applicable to sociétés anonymes governed by Articles…

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