Groupe Casino: Convening of Casino shareholders and creditors as affected parties to vote on the accelerated safeguard plans; Availability of the draft accelerated safeguard plans Update of the Consortium's business plan
21 12월 2023 - 4:45PM
Groupe Casino: Convening of Casino shareholders and creditors as
affected parties to vote on the accelerated safeguard plans;
Availability of the draft accelerated safeguard plans Update of the
Consortium's business plan
Convening of Casino shareholders and
creditors as affected parties to vote on the accelerated safeguard
plans
Availability of the draft accelerated
safeguard plans
Update of the Consortium's business
plan
Paris, 21 December 2023
Convening the classes of affected
parties
By judgments dated 25 October 2023, the
Commercial Court of Paris ruled in favor of Casino’s request and
opened accelerated safeguard proceedings in its favor and in favor
of certain of its subsidiaries1 for a two-month period. As
mentioned in the press release published by Casino on
11 December 2023, these accelerated safeguard proceedings were
extended by a judgment of the Commercial Court of Paris for a
further two months (from 25 December 2025 until 25 February
2024).
In this context, in their capacity as judicial
administrators (administrateurs judiciaires) of Casino, Maître
Aurélia Perdereau, Maître Hélène Bourbouloux and Maître Frédéric
Abitbol, have today convened all relevant classes of affected
parties, shareholders of Casino, Guichard-Perrachon and creditors
to vote on the draft accelerated safeguard plans which will be
submitted to them.
The classes of affected parties will thus be
able to vote on the draft plans, either electronically between 21
December 2023 and 10 January 2024 (with the votes being recorded on
11 January 2024) or, in the case of shareholders, in person at the
meeting of the class of shareholders to be held on 11 January 2024,
all in accordance with the specific procedures set out in the rules
of procedure of the classes of affected parties and the notices of
meeting.
To this end, the convening notices, as well as
the notice of meeting serving as the convening notice for the
shareholders' class, are subject to legal publicity and were
published in the bulletin of required legal notices (Le bulletin
des annonces légales obligatoires - BALO) and the legal notices
section of "La Tribune" today. They are also accessible, along with
the internal regulations of the classes of parties affected and the
voting procedures and all the documents that must be made available
to creditors and shareholders under the applicable legal and
regulatory conditions, on Casino’s website in the "Financial
Restructuring" section (see Appendix).
The classes of affected parties, including the
class of shareholders, will vote at the level of each Casino Group
company concerned on a single resolution, i.e. approval of the
accelerated safeguard plan regarding each of these companies.
Availability of the draft safeguard
plans
The draft accelerated safeguard plans, prepared
by Casino with the assistance of the judicial administrators, on
the basis of which all classes of affected parties will vote by
correspondence at the level of each group entity concerned between
21 December 2023 and 10 January 2024 (or, as the case may be, on 11
January 2024, in person for Casino, Guichard-Perrachon’s
shareholders) are now available on the Company's website in the
"Financial Restructuring" section (see Appendix).
At the end of the vote, the results will be
published on Casino’s website.
The technical terms and conditions of the equity
transactions provided for in the draft accelerated safeguard plan
of Casino, Guichard-Perrachon to be submitted to the Commercial
Court of Paris for review, and the transactions to be carried out
subsequently, are described in further detail in the Appendix,
which is also available in the “Accelerated safeguard proceeding”
section (link).
Update of the consortium's business
plan
The Consortium, comprised of EP Global Commerce
a.s., Fimalac and Attestor, has updated its business plan to take
into account the updated 2023 forecasts for France (see press
release dated 22 November 2023) and the announcement that it has
entered into exclusive negotiations with Auchan Retail and Le
Groupement Les Mousquetaires regarding the disposal of the majority
of Casino hypermarkets and supermarkets to occur during the second
quarter in 2024 (see press release dated 18 December 2023). It
appears from the revised business of the consortium a 2024 EBITDA
of €126m (vs. €316m in the previous business plan of the
consortium), reaching €920m in 2028 (vs. €949m in the previous
business plan of the consortium).The updated business plan is
available on Casino’s website in the "Accelerated safeguard
proceeding" section (link).
* * *
This press release was prepared solely for
information purposes and should not be construed as a solicitation
or an offer to buy or sell securities or related financial
instruments. Likewise, it does not provide and should not be
treated as providing investment advice. It has no connection with
the specific investment objectives, financial situation or needs of
any receiver. No representation or warranty, either express or
implied, is provided in relation to the accuracy, completeness or
reliability of the information contained herein. Recipients should
not consider it as a substitute for the exercise of their own
judgement. All the opinions expressed herein are subject to change
without notice.
***
ANALYSTS AND INVESTORS
CONTACTS
Christopher WELTON -
cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64 17
orIR_Casino@groupe-casino.fr - Tel: +33 (0)1 53 65
24 17
PRESS CONTACTS
Groupe Casino – Communications
Director
Béatrice MANDINE –
bmandine@groupe-casino.fr - Tel: + 33 (0)6 48 48 10
10ordirectiondelacommunication@groupe-casino.fr -
Tel: + 33(0)1 53 65 24 78
Agence IMAGE 7
Karine Allouis - kallouis@image7.fr - Tel: +33
(0)6 11 59 23 26
Laurent Poinsot - lpoinsot@image7.fr - Tel: +
33(0)6 80 11 73 52
Franck Pasquier - fpasquier@image7.fr - Tel: +
33(0)6 73 62 57 99
***
Appendix
- Terms and
conditions of the share capital transactions implemented as part of
the Company's financial restructuring plan (in French)
(links: CGP; Casino Finance; CPF; DCF; Monoprix; QUATRIM;
SEGISOR)
- The convening
notices (in French)/ The notice of meeting serving
as the convening notice for the shareholders' class (in
French) (link)
1 Casino Finance, Distribution Casino France,
Casino Participations France, Quatrim, Ségisor, and Monoprix
SAS.
- 2023 12 20 - PR - Convocation
Casino Guichard Perrachon (EU:CO)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Casino Guichard Perrachon (EU:CO)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024