La Française des Jeux (FDJ) has announced the cancellation of 5.73 million shares (representing 3% of its capital) and the corresponding reduction in its capital to 185.27 million shares, following a ruling by the French Supreme Court (Cour de cassation) on May 10.

This ruling validated a decision taken in 2019 by the Marseille Commercial Court, which had found that Soficoma was obliged to sell these 5.73 million shares to FDJ for €15.65 million, and had lost its status as a shareholder since May 2017.

FDJ deposited the purchase price of the shares in favor of Soficoma with CDC in May 2017. The €44.17 million in dividends attached to these shares paid out after that date, retained by FDJ, will be allocated to an equity account.

Copyright (c) 2024 CercleFinance.com. All rights reserved.