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SMCP: ADP G converted into ordinary shares
(CercleFinance.com) - SMCP announces the automatic conversion of 697,343 class G preference shares (ADP G) into 2,735,711 ordinary shares, raising the number of shares comprising its share capital from 76,288,530 to 78,326,898.
Holders of ordinary shares resulting from the conversion of ADP G are expected to sell these shares before December 31, 2025, in view of the applicable tax regime. After conversion of the ADP G into ordinary shares, the founders and managers of SMCP (Sandro, Maje, Claudie Pierlot) will hold 10.3% of the capital and 14.7% of the voting rights of the group specializing in accessible luxury goods. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
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