French Commercial code
In forceThe right to attend bondholders' meetings is evidenced by the registration of the bonds, on the day of the general meeting, either in the registered securities accounts held by the company, or in the bearer securities accounts held by an intermediary mentioned in article L. 211-3 of the Monetary and Financial Code, or, where applicable, in a shared electronic registration system pursuant to Regulation (EU) 2022/858 of the European Parliament and of the Council of 30 May 2022 on a pilot scheme for market infrastructures based on distributed ledger technology and amending Regulations (EU) No 600/2014 and (EU) No 909/2014 and Directive 2014/65/EU. However, it may be provided, by a special provision in the contract of issue, that proof of the right to participate in bondholders' meetings will be provided by the registration of the bonds in the same accounts on the second business day preceding the meeting at zero hours, Paris time.
A bondholder who has already cast a postal vote or sent a proxy may sell all or part of his bonds at any time. In the event of a transfer of ownership occurring before the day of the meeting or the date set by the issue contract in application of the last sentence of the first paragraph, and unless the issue contract contains specific provisions, the company shall invalidate or amend accordingly, before the opening of the meeting, the vote cast remotely or the proxy of that bondholder. Where applicable, the account-holding intermediary shall notify the company or its agent of the transfer of ownership and provide it with the information necessary for this purpose.
