FDJ Announces Share Capital Reduction Following Court Ruling

Following a favorable ruling from the Court of Cassation, the FDJ Group has confirmed the cancellation of 5,730,000 shares, representing 3% of its share capital. This decision comes after a conclusive verdict on May 10, 2024, ending a prolonged legal battle with Soficoma regarding the ownership of these shares.

Originally, the Marseille Commercial Court ruled in May 2019 that Soficoma was obligated to sell its shares to FDJ. The Court of Cassation's recent dismissal of Soficoma’s appeal, which followed a prior confirmation by the Aix-en-Provence Court of Appeal in November 2022, has now paved the way for this significant reduction in FDJ’s share capital. This brings the total number of FDJ shares to 185,270,000.

FDJ has made provisions for the financial aspects of this transfer since May 2017 by depositing the required purchase amount at the Caisse des Dépôts et Consignations. It’s also noted that dividends accruing from these shares, amounting to €44,170,000, have been absorbed into FDJ’s shareholder equity.