Boulogne-Billancourt (France), 10 May 2024 (5:45 pm) – In the litigation between 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 deposited the amount payable to Soficoma for the purchase of these shares with Caisse des Dépôts et Consignations on 18 May 2017, and that dividends attached to these shares paid after that date, totalling €44,170,000, have been retained by FDJ and will be allocated to Group shareholder equity.