Merger by Absorption of the Compagnie des Tramways de Rouen by Financière Moncey

Stock price chart of TRAMWAYS DE ROUEN (EPA:MLTRA) showing fluctuations.

On July 10, 2024, the boards of directors of Financière Moncey and Compagnie des Tramways de Rouen approved the merger by absorption of the latter by Financière Moncey.

This operation aims to rationalize and simplify the structures of the Bolloré group, which held as of June 30, 2024, 94.04% of the capital and voting rights of the Compagnie des Tramways de Rouen.

To avoid fractional shares, it is proposed to divide the nominal value of Financière Moncey shares by 100. The planned merger parity, after this division, would be 75 Financière Moncey shares for 1 Compagnie des Tramways de Rouen share. Mr Maurice Nussenbaum was appointed merger commissioner.

After confirmation of parity by the auditor, the boards of directors will meet again before the end of September 2024 to decide on the final terms and convene general meetings of shareholders before the end of 2024.

R. E.

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