HCohen schreef op 3 november 2023 19:50:
Subsequently, it appears that listed companies can still choose to distribute entirely in shares if the following conditions are met (source legifrance.gouv.fr).
Theoretically, it is therefore apparently possible (100% script) with a decision of a majority of the votes of the AGM in advance and if then all shareholders individually agree to this, see in bold belowEN: The company must have drawn up annual accounts and, where applicable, consolidated financial statements, approved by the general meeting.
The corporation must have made sufficient distributable earnings to pay the dividend.
The company must have issued ordinary shares or non-voting preferred shares, which are admitted to trading on a regulated market or on a multilateral trading facility.
The company must have obtained prior authorization from the Extraordinary General Meeting to increase its share capital by incorporating reserves, profits or share premiums, up to a limit of 10% of the share capital per 12-month period.
The company must offer shareholders the choice between the payment of the dividend in cash or in shares, within a period set by the general meeting, which may not be less than 15 days and not more than 3 months from the date of the decisionThe company must inform shareholders of the terms of choice and the issue price of the new shares, which must be equal to at least 90% of the average price quoted at the 20 trading days preceding the day of the distribution decision, less the net amount of the dividend and any discount up to a limit of 10%.
The company must publish a notice of distribution in a newspaper of legal announcements of the place of the registered office and in an information bulletin distributed by the authority
Bon w-e, Goed weekend, Have a good weekend ;-)