Cancellation of 3% of FDJ's Share Capital Following the Court of Cassation Ruling in Favour of the FDJ Group in its Dispute with Soficoma [Yahoo! Finance]
MSCI Inc (MSCI)
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Source: Yahoo! Finance
In the litigation between FDJ (Paris:FDJ) and Soficoma pertaining to ownership of 3% of FDJ, the Court of Cassation issued a judgment on 10 May 2024 rejecting the appeal brought by Soficoma against the judgment issued by the Aix-en-Provence Court of Appeal on 17 November 2022, which had confirmed the terms of the decision handed down by the Marseille Commercial Court on 23 May 2019. For reference, the Marseille Commercial Court had found that Soficoma was required to sell its 5,730,000 shares to FDJ for the price of €15,647,940 and had ceased to be a shareholder with effect from 18 May 2017, and ruled that FDJ was authorised to record in its books the transfer of these 5,730,000 shares. The FDJ Group notes this ruling which, in accordance with the decision by the Shareholders' Meeting of 8 June 2018, results in the cancellation of these 5,730,000 shares and the corresponding reduction in its share capital, which now consists of 185,270,000 shares. It should be noted that FDJ de
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MSCI
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- 4/23/24 - Beat
MSCI
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- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- MSCI's page on the SEC website