Successful financial restructuring of casino group
Paris, March 28, 2024
Casino Guichard Perachon (“casino) announced that its financial restructuring has been effectively completed.
All transactions provided for in the Casino's Accelerated Protection Plan approved by the Paris Commercial Court on February 26, 2024 (“Accelerated safeguard planning“) and its related subsidiaries' safety plan1 Approved by the Paris Commercial Court on February 26, 2024 and entered into force on March 27, 2024.
As a result of these transactions, Casino's share capital consists of 37,304,080,735 shares, representing a theoretical voting right of 37,351,145,246.
Accordingly, Mr. Philip Palazzi confirmed that the effective reorganization date (as that term is defined in the Accelerated Safeguards Plan) is March 27, 2024.
Due to the completion of the casino's financial restructuring, the management of the casino group has changed (“group“) to France Retail Holdings S.à.rl, an entity ultimately controlled by Mr. Daniel Kretinski.
Effective completion of financial restructuring
All transactions set forth in the Accelerated Safeguards Plan have been completed, particularly the capital transactions described in the press release issued by the Casino on March 25, 2024.
Trading in casino stocks, which has been suspended since the market closed on March 26, 2024, will resume when the market opens this morning.
Composition of the Casino Board of Directors
Casino’s new board of directors (“board of directors“) is constructed as follows:
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Mr. Laurent Pietraszewski: Chairman of the Board.
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Mr. Philip Palazzi: Director and Chief Executive Officer.
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Ms. Natalie Andreu, Ms. Elizabeth Sandager, Ms. Athina Onassis, Mr. Pascal Kreuzard, Mr. Branislav Mišković: Directors.and
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Thomas Piquemal, Thomas Doerane, Martin Plavec: Censor (censor).
Censor Thomas Dolane, who was appointed under the proposal of Trinity Investments Appointed Activities Company, managed by Attestor Limited, today announced that, with immediate effect from his appointment, he will temporarily suspend his position as Censor until further notice. informed the casino of its decision to waive. Participate on the casino's board of directors and strategic committees to prevent Trinity, the Certifier, its affiliates and/or representatives from having insider information about the group.
In accordance with the Casino Bylaws, a proposal will be made to the next Casino General Meeting to be convened on June 11, 2024 to approve these appointments. This will be done by co-option on a provisional basis in accordance with the casino bylaws.
Employee representatives will be appointed at a later date in accordance with applicable legal provisions.
Composition of Board of Directors Committees
The casino refers to the recommendations of the AFEP-MEDEF Code, which specifies that the composition and powers of the audit committee, nomination and remuneration committee comply with the recommendations of the AFEP-MEDEF Code.
Composition of the casino's new strategic committee
Composition of the Casino Strategy Committee (“strategy committee“) are as follows:
Composition of the casino's new audit committee
Composition of the Casino's Audit Committee (“”audit committee“) are as follows:
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Mr. Pascal Crusaal
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Natalie Andrew
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Mr. Branislav Mišković
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Mr. Martin Plavec
Composition of the casino's new nomination and compensation committee
Composition of the casino's nomination and remuneration committee (“Nomination and Compensation Committee“) are as follows:
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Ms. Elizabeth Sandager
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Natalie Andrew
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Mr. Branislav Mišković
Composition of the casino’s new governance and CSR committee
Composition of the Casino’s Governance and CSR Committee (“Governance/CSR Committee“) are as follows:
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Natalie Andrew
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Ms. Elizabeth Sandager
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Athina Onassis
Composition of the casino's new executive committee
Casino Executive Committee (Composition of “”)executive committee“) are as follows:
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Philip Palazzi, Chief Executive Officer
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Esther Bitton, M&A Director
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Esther Scherau, Human Resources Manager
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Angelique Cristofari, Chief Financial Officer
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Magalie Daubinet Salen, Managing Director, Distribution Casino France
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Hervé Dourdan, Product Director and Chairman of Achats Marchandises Casino
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Franprix Managing Director Vincent Doumerc
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Alfred Halawini, Director of Transformation and Strategy
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Thomas Métivier, Managing Director, Cdiscount, Cnova
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Christophe Piednoël, Director of Communications, Public Relations and CSR
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Guillaume Sénéclauze, Managing Director Monoprix / Naturalia
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Stephanie Zorecio, Chairman of Casino Immobilier and Fintech Activities
next step
The next steps in the group's financial restructuring are:
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Trading in casino stocks, which has been suspended since March 27, 2024, will resume when the market opens this morning.
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The following transactions involving the casino's share capital will be executed in April 2024.
(i) a reverse stock split of the shares forming the share capital of the Casino; 100 ordinary shares of par value 1 euro cent (€0.01) each will be exchanged for one new share of par value. Value of 1 euro each upon completion of such reverse stock split.
(ii) a reduction in the share capital of the Casino by reducing the par value of the shares issued by the Casino from one euro (€1.00) to one euro cent (€0.01) per share;and
This press release has been prepared for informational purposes only and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments. Similarly, this is not investment advice and should not be treated as investment advice. without regard to the investment objectives, financial situation, or particular needs of the recipient. No representations or warranties, express or implied, are made as to the accuracy, completeness, or reliability of the information contained herein. Recipients should not consider it as a substitute for their own judgment. All opinions expressed in this document are subject to change without notice.
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Information for analysts and investors
christopher welton – cwelton.exterieur@groupe-casino.fr – Phone: +33 (0)1 53 65 64 17
or
IR_Casino@groupe-casino.fr – Phone: +33 (0)1 53 65 24 17
Press relations
Casino Group – Communication Department
Stephanie Abadie – sabadie@groupe-casino.fr – Phone: +33 (0)6 26 27 37 05
or
directelacommunication@groupe-casino.fr – Phone: + 33(0)1 53 65 24 78
Image 7 Agency
Karine Allouis – kallouis@image7.fr – Phone: +33 (0)6 11 59 23 26
Laurent Poinsot – lpoinsot@image7.fr – Phone: + 33(0)6 80 11 73 52
Frank Pasquier – fpasquier@image7.fr – Phone: + 33(0)6 73 62 57 99
1 Casino Finance, Distribution Casino France, Casino Participation France, Quatrim, Ségisor, Monoprix
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