EURODISNEY:
MICKEY AWAKENING
folder Eurodisney
continues his rise in speculative stock market, a gain of 21.6% to 6.42 euros, after surging by 17.3% yesterday. In two sessions, the action, has awarded more than 40%. Not since the end of 2006 to find evidence of such variations as close to an interval at fantastic episode of "Center-Tainment," the name of that company had announced its intention to launch an exchange offer on the amusement park operator, whose action was then treated as a "penny stock" (before the reverse stock split). Many
Ado About Nothing at the time, since the mysterious predator, after a big hype, had disappeared ... In 2009, however, the AMF had sanctioned Ulf Werner, the head of Center-Tainment, a monetary fine of 1 million Euros. The AMF had noted many inconsistencies in the listings, including the fact that directors own Center-Tainment had not been briefed on the project, or that the title of this company had a volatility such that the exchange offer that was the heart of the alleged offer would have kept up. Anyway, Center-Tainment, being not listed on regulated markets should match its offer of a share in cash, which was obviously impossible since the company had no assets. She has since been removed from the open market in Germany.
To return to folder
Disneyland today, the upward movement was launched yesterday by the publication of figures rather robust in the first quarter of fiscal 2010/2011. For now, the company out of 9 consecutive years in net loss, although the last four years have helped generate an operating profit. | |
EURO DISNEY SCA: Implements a reverse stock split
Communiqué issued November 8, 2007 at 00:00 by PR Newswire start of the consolidation set for December 3, 2007
- Supports brokerage fees relating to purchase orders or sales occurring during the first six weeks following the implementation of the consolidation, within the limit of € 7 shareholder by Euro Disney SCA (the "Company"), parent company of Euro Disney Associés SCA, operator of Disneyland ® Resort Paris, announced today the implementation of a reverse stock split by way of exchange at a rate of one new share for every 100 old shares, as it was authorized by the shareholders of the Company.
The reunion will begin operations Dec. 3, 2007 under the terms of the notice of share consolidation to be published in the Bulletin of mandatory legal announcements November 9, 2007.
the Company's shareholders will receive 1 new share of € 1 par value against 100 old shares of € 0.01 nominal value each. Following the merger, the capital of the Company should represent 38,976,490 shares. Shareholders holding a number of old shares corresponding to a multiple of 100 will be assigned automatically by their broker (1), 1 new share for every 100 existing shares, without having to perform any procedure or formality. Shareholders holding a number of old shares does not correspond to a multiple of 100 will make their own arrangements by contacting their broker, sell their old shares or purchase the number of shares necessary to implement the consolidation of these actions. They will have to be a period of two years from the date of commencement of the consolidation. The Company will pay, within an amount of 7 euros per shareholder, the brokerage fees relating to such purchase orders or sales occurring within six weeks following the start date of the consolidation, until January 11, 2008.
The shares of the Company not consolidated (ISIN: FR0000125874) will retain their listing on the stock exchange delisted for a period of six months from the date of commencement of the consolidation process, which ends June 3, 2008. After this date, shareholders wishing to trade non-consolidated shares will do so on the OTC market until December 3, 2009. After December 3, 2009, the new shares not claimed by the beneficiaries will be sold on Euronext Paris and the net proceeds of the sale will be available to them for ten years in a blocked account opened on behalf of the Company with BNP Paribas Securities Services. At the expiration of that period, the money will be paid to the Deposit and Consignment Office and will remain available to them in accordance with the laws and regulations.
From December 3, 2007, consolidated shares of the Company will be traded on the Eurolist of Euronext Paris.
We recommend to shareholders, who must make the purchase of shares necessary or sale of their old shares, to contact their financial intermediary as soon as possible to facilitate the consolidation process, that is to say from December 3, 2007 or shortly thereafter. For questions or further information, shareholders are invited to contact the Company toll (2) Next: 00800 March 12 2007 or visit its website:
http://www.eurodisney.com.
(1) Financial intermediary means any bank or retail brokerage firm, and for registered shareholders Caceis-CT, registered at the registrar of the Company.
(2) Toll free number from France, Belgium, Spain, the Netherlands and the UK (from a landline). From other countries call + 33 (0) 1-64-74-58-94. Next release: First quarter results in January, 2008 All financial information can be found on our website
http://www.eurodisney.com
0 comments:
Post a Comment