Brief: FDJ Estimates 2024 Total Amortisation Of Exclusive Operating Rights At Eur 37 Mln After Closure Of EU Investigation

FDJ United

31/10/2024 13:54

Oct 31 (Reuters) - La Francaise des Jeux SA  FDJ.PA :
    * CONCLUSION OF THE EUROPEAN COMMISSION'S INVESTIGATION
    * EQUALISATION PAYMENT RE-EVALUATED TO €477 MILLION
    * LA FRANCAISE DES JEUX SA - WELCOMES CLOSURE OF EUROPEAN
COMMISSION INVESTIGATION
    * HAS ALSO TAKEN NOTE OF ADDITIONAL EQUALISATION AMOUNT,
VALUED BY
EUROPEAN COMMISSION AT EUR 97 MILLION
    * EUROPEAN COMMISSION CONCLUDES NO STATE AID TO FDJ DURING
PRIVATISATION
    * TO BASE FUTURE DIVIDEND PAYMENTS ON ADJUSTED NET PROFIT
    * ADDITIONAL EQUALISATION WILL BE AMORTISED OVER 25 YEARS
STARTING
ON 23 MAY 2019
    * SHARE CAPITAL NOW STANDS AT 185,270,000 SHARES
    * IN 2024: ADDITIONAL AMORTISATION OVER 2019-2023 PERIOD
RECOGNISED UNDER EXCLUSIVE RIGHTS IN FRANCE AMOUNTING TO EUR
17.9 MILLION
    * NOTE THAT TOTAL AMORTISATION OF EXCLUSIVE OPERATING RIGHTS
WILL
AMOUNT TO EUR 37.0 MILLION IN 2024 AND EUR 19.1 MILLION IN 2025

Source text:  ID:nBw2nYVb3a 
Further company coverage:  FDJ.PA 

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