Article R225-121 of the French Commercial code
November 6, 2023
Where the General Meeting has waived shareholders’ pre-emptive rights, the provisions of Article R. 225-120 do not apply.
Where the General Meeting has waived shareholders’ pre-emptive rights, the provisions of Article R. 225-120 do not apply.
Shareholders who waive their pre-emptive rights on an individual basis shall notify the company by registered letter. Waiver without indicating a beneficiary shall be accompanied, in the case of bearer shares, by the corresponding coupons or a certificate from the custodian of the securities or the intermediary provided for in the article R. 211-4 of the Monetary and Financial Code acknowledging the shareholder’s waiver. Waiver made in favour of named…
The bare owner of shares is deemed, vis-à-vis the beneficial owner, to have neglected to exercise the preferential right to subscribe for new shares issued by the company when he has neither subscribed for new shares nor sold the subscription rights, eight days before the expiry of the subscription period granted to shareholders. He is deemed, with regard to the beneficial owner, to have neglected to exercise the right to…
The notice provided for in the last paragraph of article R. 225-120 shall contain the following information: 1° The object of the company, stated briefly; 2° The company’s normal expiry date; 3° The classes of shares issued and their characteristics; 4° The special advantages stipulated by the Articles of Association for the benefit of any person; 5° The conditions for admission to shareholders’ meetings and the exercise of voting rights…
A copy of the latest balance sheet, certified as true by the company’s legal representative, is published as an appendix to the notice provided for in Article R. 225-124. If the latest balance sheet has already been published in the Bulletin des annonces légales obligatoires, the copy of this balance sheet may be replaced by an indication of the reference of the previous publication. If no balance sheet has yet…
The formalities provided for by articles R. 225-120, R. 225-124 and R. 225-125 in the event of a capital increase through the issue of new shares to be subscribed for in cash are carried out by the agent of the Board of Directors or the Management Board, as the case may be.
The subscription form is dated and signed by the subscriber or his authorised representative, who writes in full the number of shares subscribed. A copy of this form drawn up on plain paper is given to the subscriber. The subscription form includes: 1° The company name, followed, where applicable, by its acronym; 2° The form of the company; 3° The amount of share capital; 4° The address of the registered…
Funds from cash subscriptions are deposited under the conditions set out in article R. 22-10-6.
The sale provided for in Article L. 225-130 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 resulting 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…
The minimum duration of the priority subscription period provided for in article L. 225-135 is three trading days.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links