Casino Group: Reverse share split

Casino launches reverse share split

Paris, 24 April 2024

Casino, Guichard-Perrachon ("Casino ") announces today (i) the implementation of the reverse share split of its share capital through the exchange of one hundred (100) existing shares for one (1) new share and (ii) the reduction in share capital by reducing the nominal value of shares decided by the Board of Directors of Casino on 24 April 2024, in accordance with the twelfth and thirteenth resolutions approved by the shareholders meeting as a class of parties affected by Casino’s accelerated safeguard plan approved by the Paris Commercial Court on 26 February 2024, on 11 January 2024 (the "Shareholders' Meeting").

These technical adjustments are purely arithmetical and have no impact on the value of Casino shares held by each shareholder.

The reverse share split will have no impact on the terms of participation in the Annual General Meeting of shareholders to be held on 11 June 2024, the effective date of the reverse share split occurring after 11 June 2024.

Terms and conditions of the reverse share split

• Start date of the reverse share split: the reverse share split will start, at the earliest, at the end of a period of fifteen (15) days from the date of publication of the reverse share split notice, to be published by the Company in the Bulletin des Annonces Légales Obligatoires (BALO) on 29 April 2024, i.e. on 14 May 2024
• Basis for consolidation: exchange of one hundred (100) existing shares with a nominal value of one euro cent (€0.01) for one (1) new share with a nominal value of one euro (€1) and current dividend rights.
• Number of existing shares subject to the reverse share split: thirty-seven billion three hundred and four million eighty thousand seven hundred and thirty-five (37,304,080,735) shares, each with a nominal value of one euro cent (€0.01), corresponding to the total number of shares comprising the Company's share capital (subject to the exercise of any share warrants issued by the Company).
• Number of new shares to be issued on consolidation: three hundred and seventy-three million, forty thousand, eight hundred and seven (373,040,807) shares, each with a nominal value of one euro (€1.00) (subject to the exercise of warrants issued by the Company)¹.

The final number of new shares resulting from the reverse share split will be recorded by the Board of Directors or by the Chief Executive Officer at the end of the reverse share split².

• Consolidation period: from 14 May 2024 (included) to 13 June 2024 (included).
• Securities forming an allotment: the conversion of existing shares into new shares will be carried out automatically.
• Fractional shares: shareholders who do not hold a number of existing shares corresponding to a whole number of new shares must personally purchase or sell fractional shares in order to obtain a multiple of one hundred (100) until 13 June 2024 (included). After this deadline, shareholders who have not been able to obtain a number of shares in multiples of one hundred (100) will be compensated by their financial intermediary in accordance with Articles L. 228-6-1 and R. 228-12 of the French Commercial Code and market practice.
  
  
  
  

Non-consolidated shares will be delisted at the end of the consolidation period.

• Centralization: all transactions relating to the reverse share split will take place at Uptevia, 90-110, Esplanade du Général de Gaulle - 92931 Paris La Défense Cedex, appointed as centralizing agent for the reverse share split. In accordance with Articles L. 228-6-1 and R. 228-12 of the French Commercial Code, any new shares that cannot be allotted individually and that correspond to fractional rights will be sold on the stock market by the account holders, and the proceeds of the sale will be allocated in proportion to the fractional rights of the holders of these rights.
  
  
  
  

The old shares subject to the reverse share will be admitted to trading on the regulated market of Euronext Paris under ISIN code FR0000125585, until 13 June 2024, the last day of trading. The new shares resulting from the reverse share split will be admitted to trading on the Euronext regulated market in Paris from 14 June 2024, the first day of trading, and will be assigned the following ISIN code: FR001400OKR3.

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