Brief: SMCP ‍Updates On Proceedings In Relation To Transfer Of 15.9% Stake In 2021​

Smcp SA

15/07/2024 06:45

July 15 (Reuters) - SMCP SA  SMCP.PA :
    * PRESS RELEASE - UPDATE ON THE PROCEEDINGS IN THE RELATION
WITH A
STAKE OF 15.9% OF THE SHARE CAPITAL
    * IT IS ANTICIPATED THAT AN ORDER WILL SHORTLY BE MADE BY
JUDGE
REQUIRING RETURN BY DTG OF 15.9% STAKE TO ETS, WHICH IS
CURRENTLY UNDER LIQUIDATION IN LUXEMBOURG
    * ENGLISH HIGH COURT, UPON REQUEST FROM GLAS SAS (LONDON
BRANCH)
AS TRUSTEE OF EXCHANGEABLE BONDS ISSUED BY EUROPEAN TOPSOHO S.À
R.L. ("ETS"), HAS RULED THAT TRANSFER OF A 15.9% STAKE OF
COMPANY'S SHARE CAPITAL FROM ETS TO DYNAMIC TREASURE GROUP LTD
("DTG") IN 2021 WAS INVALID

Source text for Eikon:  ID:nGNE6zXhxZ 
Further company coverage:  SMCP.PA 

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