Impact of COVID-19 on French Listed Companies and High Yield Issuers

Q&A for listed companies and high yield issuers navigating capital markets implications, with reference to the AMF’s recommendations and best practices.

Listed Companies’ General Meetings During Confinement -

Q: How should shareholders attend listed companies’ general meetings?

..The French securities and market regulator (the Autorité des Marchés Financiers or AMF) has issued guidance reminding shareholders of listed companies that they do not need to be physically present to vote at general meetings. Any shareholder may also submit written questions on subjects that fall within the scope of the general meeting in accordance with Article L. 225-108 of the French Commercial Code.

..The AMF recommends that listed issuers broadcast their general meetings on their websites and use all channels to inform shareholders.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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