Skip to main content

Groupe Casino : Casino General Meeting of 10 May 2023: Summary report and Casino Group reaction to market rumors

Written by Customer Service on . Posted in Public Companies.

Casino General Meeting of 10 May 2023:
Summary report and Casino Group reaction to market rumors

Paris, 10 May 2023

The Combined General Meeting of Casino Guichard Perrachon shareholders met on 10 May 2023 at the Maison de la Chimie in Paris, under the chairmanship of Jean-Charles NAOURI, Chairman and Chief Executive Officer of the Group. All 28 resolutions submitted were approved by a very large majority (each in excess of 95%).

With regard to the market rumors echoed by the press and certain audiovisual media and which were the subject of questions from shareholders during the course of the general meeting, the Casino group indicated that despite these rumors, it had no additional information to communicate regarding the negotiations with Le Groupement les Mousquetaires and TERACT.

These ongoing discussions remain conditional on the conclusion of binding agreements among the parties and of which the market will be kept informed.

Regarding the letter of intent from EP Global Commerce a.s. to subscribe to a capital increase, the Casino group has, as indicated in its press release of 24 April 2023, only taken note of this proposal and is in the process of studying it.

In response to press rumors that an offer by EP Global Commerce would soon be made to unsecured creditors in agreement with the Casino group, the group denies having given any agreement whatsoever to such offer.

As specified in the communication of 24 April 2023, the Casino Group wishes, within the framework of the aforementioned announcements, and in order to have a secure framework for discussion, to study the possibility of requesting the appointment of conciliators and has requested the agreement of certain bank creditors and bondholders for this purpose.

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 – Phone number: +33 (0)1 53 65 64 17
cwelton.exterieur@groupe-casino.fr
or
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr

PRESS CONTACTS
Casino Group – Communications Director
Stéphanie Abadie – sabadie@groupe-casino.fr – +33 (0)6 26 27 37 05
or
+33(0)1 53 65 24 78 – directiondelacommunication@groupe-casino.fr

Agence IMAGE 7
Karine Allouis – Phone number: +33(0)1 53 70 74 84 – kallouis@image7.fr

Laurent Poinsot – Phone number: + 33(0)6 80 11 73 52 – lpoinsot@image7.fr

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.