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Article L233-6 of the French Commercial code

When, during a financial year, a company has acquired a holding in a company with its registered office in the territory of the French Republic representing more than one twentieth, one tenth, one fifth, one third or one half of the capital of that company or has acquired control of such a company, this is mentioned in the report presented to the shareholders on the operations of the financial year…

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Article L233-7 of the French Commercial code

I.-When the shares of a company whose registered office is in the territory of the Republic are admitted to trading on a regulated market of a State party to the Agreement on the European Economic Area or on a financial instruments market admitting to trading shares that can be registered in an account with an intermediary mentioned in l’article L. 211-3 of the Monetary and Financial Code, any natural person…

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Article L233-7-1 of the French Commercial code

When the company’s shares have ceased to be admitted to trading on a regulated market in order to be admitted to trading on a multilateral trading facility subject to the provisions of II of Article L. 433-3 of the Monetary and Financial Code, the person required to provide the information referred to in I of Article L. 233-7 of this code shall also inform the Autorité des marchés financiers within…

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Article L233-8 of the French Commercial code

I.- No later than fifteen days after the Ordinary General Meeting, any joint stock company shall inform its shareholders of the total number of voting rights existing at that date. However, companies whose shares are not admitted to trading on a regulated market are not required to provide this information if the number of voting rights has not changed since the previous ordinary general meeting. Insofar as, between two ordinary…

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Article L233-9 of the French Commercial code

I.-The following are treated in the same way as the shares or voting rights referred to in I of Article L. 233-7: 1° Shares or voting rights owned by other persons on behalf of that person; 2° Shares or voting rights owned by companies controlled by that person within the meaning of Article L. 233-3 ; 3° Shares or voting rights owned by a third party with whom that person…

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Article L233-10 of the French Commercial code

I.-Persons who have entered into an agreement with a view to acquiring, disposing of or exercising voting rights, to implementing a common policy towards the company or to obtaining control of the company are deemed to be acting in concert. II.-Such an agreement is presumed to exist: 1° Between a company, the chairman of its board of directors and its general managers or the members of its management board or…

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Article L233-10-1 of the French Commercial code

In the case of a takeover bid, persons who have entered into an agreement with the author of a takeover bid with a view to obtaining control of the company that is the subject of the bid are deemed to be acting in concert. Persons who have entered into an agreement with the company that is the subject of the bid in order to frustrate the bid are also considered…

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Article L233-11 of the French Commercial code

Any clause in an agreement providing for preferential conditions for the sale or acquisition of shares admitted to trading on a regulated market and relating to at least 0.5% of the capital or voting rights of the company that issued these shares must be transmitted within five trading days of the signing of the agreement or amendment introducing the clause concerned, to the company and to the Autorité des marchés…

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Article L233-12 of the French Commercial code

Where a company is controlled directly or indirectly by a joint stock company, it shall notify the latter and each of the companies participating in such control of the amount of the holdings it holds directly or indirectly in their respective capital as well as any changes in that amount. Notifications shall be made within one month of either the day on which the company became aware of the acquisition…

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Article L233-13 of the French Commercial code

Based on the information received pursuant to articles L. 233-7 and L. 233-12, the report presented to the shareholders on the operations of the financial year shall mention the identity of the natural persons or legal entities holding directly or indirectly more than one-twentieth, one-tenth, three-twentieths, one-fifth, one-quarter, one-third, one-half, two-thirds, eighteen-twentieths or nineteen-twentieths of the share capital or voting rights at General Meetings. It also shows any changes that…

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