French Companies Disclose Share Capital Updates
French Companies Disclose Share Capital Updates

French Companies Disclose Share Capital Updates

News summary

Several companies, including Michelin, Elis, Nanobiotix, EssilorLuxottica, Vallourec, Rexel, Hermès, Bureau Veritas, and Orange, disclosed updates on their share capital and voting rights in compliance with French financial regulations. These disclosures, mandated by Article L.233-8 of the French Commercial Code and Article 223-16 of the Autorité des Marchés Financiers (AMF), are crucial for maintaining transparency with shareholders. For instance, Michelin announced the cancellation of 2,755,334 treasury shares, impacting its voting rights and share capital as of December 5, 2024. EssilorLuxottica highlighted a cap on voting rights for shareholders at 31%, as per its by-laws. Other companies like Vallourec and Rexel outlined the distinction between theoretical and exercisable voting rights to aid public understanding. These regular updates ensure that investors are well-informed about the companies' capital structures and governance practices.

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