Article R228-28 of the French Commercial code
Decisions by general meetings of shareholders, relating to the consolidation of shares, provided for in articles L. 228-29-1 and L. 228-29-2, are taken, under the conditions laid down for amending the Articles of Association, on the proposal of a manager or the Board of Directors; this proposal relates in particular to the price for trading fractional shares and the commitments relating to this trading provided for in Article L. 228-29-2….