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Article R228-11 of the French Commercial code

The sale by the company of shares that could not be allocated individually, as provided for in article L. 228-6, is preceded by the publication of a notice in two newspapers with national circulation; this notice gives notice to the holders of the rights to assert their rights within a period of one year and informs them that the company will proceed with the sale on expiry of this period….

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Article R228-12 of the French Commercial code

The sale provided for in Article L. 228-6-1 of the equity securities that could not be allocated individually and corresponding to the rights forming fractional shares, as well as the distribution of the sums from this sale to the holders of the rights, shall take place within thirty days of the latest of the dates on which the whole number of equity securities allocated is recorded in the account of…

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Article R228-14 of the French Commercial code

For the application of article L. 228-6-3, the sale shall take place upon expiry of a period of one year after publication in accordance with the conditions and procedures set out in article R. 228-11 if, during this period, the persons in whose name the registration was made or their successors in title have not been able to be reached by the notice referred to in article R. 228-11 sent…

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