Retrieved on:
Wednesday, April 10, 2024
Rallye, Foncière Euris, Finatis and Euris acknowledge the effective completion of Casino's financial restructuring on 27 March 2024.
Key Points:
- Rallye, Foncière Euris, Finatis and Euris acknowledge the effective completion of Casino's financial restructuring on 27 March 2024.
- Following this restructuring, Rallye holds approximately 0.1% of Casino's share capital and has therefore lost control.
- As indicated in the press release dated 27 February 2024, Rallye, Foncière Euris, Finatis and Euris have therefore requested the termination of their safeguard plan and the opening of compulsory liquidation proceedings.
- Rallye, Foncière Euris and Finatis will request the suspension of the listing of their shares and other listed instruments issued by them, with effect from the opening of the compulsory liquidation proceedings.
Retrieved on:
Wednesday, April 10, 2024
In 2023, some of Rallye’s creditors exercised their right to take over the Casino shares held in a fiduciary-trusts, resulting in a €30m reduction in financial debt.
Key Points:
- In 2023, some of Rallye’s creditors exercised their right to take over the Casino shares held in a fiduciary-trusts, resulting in a €30m reduction in financial debt.
- In 2023, the change of €265m in IFRS restatements corresponds to the accelerated amortization of liabilities under the IFRS 9 standard as part of the abandonment of the principle of going concern.
- Financial expenses in 2023 relate to interest on financial debts amounting to - €183m and a provision for impairment on Casino securities for -€1,915m.
- Shareholders' equity amounted to a negative amount of -€3,221m at 31 December 2023, compared with a negative amount of -€601m at 31 December 2022.
Retrieved on:
Wednesday, March 13, 2024
Rallye, Foncière Euris, Finatis and Euris acknowledge Paris Commercial Court’s approval of the accelerated safeguard plans for Casino and some of its relevant subsidiaries.
Key Points:
- Rallye, Foncière Euris, Finatis and Euris acknowledge Paris Commercial Court’s approval of the accelerated safeguard plans for Casino and some of its relevant subsidiaries.
- The effective completion of Casino’s financial restructuring, scheduled for 27 March 2024, will result in a massive dilution for existing shareholders.
- Thus, on completion of the restructuring, Rallye will hold 0.1% of Casino’s share capital and Rallye will therefore lose control of Casino.
- Insofar as Rallye, Foncière Euris, Finatis and Euris safeguard plans are interdependent, Foncière Euris, Finatis and Euris will also be seeking the termination of their safeguard plan and the opening of winding-up proceedings.
Retrieved on:
Tuesday, January 30, 2024
The issuer is solely responsible for the content of this announcement.
Key Points:
- The issuer is solely responsible for the content of this announcement.
- The Notice of Meeting was published in the Bulletin des Annonces Légales Obligatoires of 22 January 2024 (Bulletin n°10) and in the Actu-Juridique support of the same day.
- The procedures for participation and voting at this Meeting are set out in this notice.
- Information and documents relating to this Meeting can be found on the Company’s website: https://www.rallye.fr /
All documents and information concerning this Meeting are made available to the Shareholders under the conditions provided for by the regulations in force.
Retrieved on:
Saturday, December 30, 2023
Dissemination of a French Regulatory News, transmitted by EQS Group.
Key Points:
- Dissemination of a French Regulatory News, transmitted by EQS Group.
- The issuer is solely responsible for the content of this announcement.
- Paris, 13 December 2023 – Rallye announces that the Paris Court of Appeal has today ordered the stay of execution of the decision of the Sanctions Commission of the French Financial Market Authority (Autorité des marchés financiers) (AMF) dated 7 September 2023 until the Court of Appeal rules on the merits of the appeal filed by Rallye against that decision.
Retrieved on:
Thursday, October 26, 2023
Rallye, Foncière Euris, Finatis and Euris announce that they have applied for and obtained today from the President of the Commercial Court of Paris the opening of ad hoc mandate proceedings to their benefit under the aegis of SELAFA MJA (Me Valérie Leloup-Thomas) and SELARL Fides (Me Bernard Corre), for a period of 6 months, for the purpose of:
Key Points:
- Rallye, Foncière Euris, Finatis and Euris announce that they have applied for and obtained today from the President of the Commercial Court of Paris the opening of ad hoc mandate proceedings to their benefit under the aegis of SELAFA MJA (Me Valérie Leloup-Thomas) and SELARL Fides (Me Bernard Corre), for a period of 6 months, for the purpose of:
for Rallye to support its subsidiary Casino in accordance with its press release dated 18 October 2023 and to draw the appropriate conclusions in due course from the effective completion of Casino's ongoing financial restructuring, in particular with regard to its safeguard plan; and
for Foncière Euris, Finatis and Euris to draw the appropriate conclusions in due course from the effective completion of Casino's ongoing financial restructuring, in particular with regard to their safeguard plans.
Retrieved on:
Thursday, October 26, 2023
The issuer is solely responsible for the content of this announcement.
Key Points:
- The issuer is solely responsible for the content of this announcement.
- Rallye acknowledges the terms of Casino’s financial restructuring, and in particular the equity contribution from the Consortium and certain creditors, the equitization of all of Casino Group's unsecured debt and the equitization of part of its secured debt, as well as the massive dilution of Casino shareholders that would result, with Rallye consequently losing control of Casino.
- Rallye intends to preserve its main assets in accordance with its corporate interest and thus provide its support as Casino's controlling shareholder so that Casino's restructuring can be successfully implemented in accordance with the Lock-up Agreement.
- The conciliation proceedings (procédure de conciliation) opened on 19 May 2023 in respect of Rallye will expire on 19 October 2023 and Rallye will remain subject to the undertakings of its Safeguard Plan.
Retrieved on:
Monday, September 25, 2023
Paris, 19 September 2023, Rallye, Foncière Euris, Finatis and Euris announce that they have requested and obtained a one-month extension of the conciliation proceedings until 19 October 2023.
Key Points:
Paris, 19 September 2023, Rallye, Foncière Euris, Finatis and Euris announce that they have requested and obtained a one-month extension of the conciliation proceedings until 19 October 2023.
Retrieved on:
Monday, September 25, 2023
Dissemination of a French Regulatory News, transmitted by EQS Group.
Key Points:
- Dissemination of a French Regulatory News, transmitted by EQS Group.
- The issuer is solely responsible for the content of this announcement.
- Paris, 18 September 2023 – Rallye announces that it has filed an appeal against the decision of the Sanctions Commission of the French Financial Market Authority (Autorité des marchés financiers) (AMF) dated 7 September 2023.
Exercise,
Court of appeal (France),
Bank statement,
Court of Appeal of Paris,
Risk,
Judgement,
Paris Commercial Historic District (Paris, Arkansas),
Cryptocurrency,
Rallying,
FIMALAC The risk factors to which Rallye is exposed are described in detail in the Universal Registration Document for the 2022 financial year, available on the group’s website, and filed with the Autorité des marchés financiers on 18 April 2023 under number D.23-0303.
Key Points:
- The risk factors to which Rallye is exposed are described in detail in the Universal Registration Document for the 2022 financial year, available on the group’s website, and filed with the Autorité des marchés financiers on 18 April 2023 under number D.23-0303.
- In the event that the new money equity offer received by Casino from EPGC, Fimalac and Attestor is implemented, the current shareholders of Casino will be massively diluted and Rallye will no longer control Casino, which would compromise the implementation of Rallye safeguard plan.
- Following the investigation of the Autorité des marchés financiers (“AMF”) opened in autumn 2018, the Collège de l’AMF requested a €25m sanction against Rallye during the Sanctions Commission held on 7 July 2023.
- For information, on the basis of the Casino share price of 30 June 2023, i.e.
