BRÈVE

sur SOLOCAL (EPA:LOCAL)

Solocal Group's Financial Restructuring Approved by Nanterre Commercial Court

Graphique de l'évolution du cours de l'action SOLOCAL (EPA:LOCAL).

The Solocal Group has announced the approval of an amendment to its accelerated financial safeguard plan by the commercial court of Nanterre. This approval, dated June 27, 2024, includes a nearly unanimous 99.8% approval from noteholders. The court has appointed SELARL C. BASSE, represented by Maître Christophe Basse, to oversee the execution of the amended plan.

The court also approved a conciliation protocol for restructuring the RCF and Mini-Bond, appointing Maître Hélène Bourbouloux of FHBx as the executor. These approvals enable Solocal to proceed with its financial restructuring, previously endorsed by shareholders on June 19, 2024.

The restructuring involves a potential reduction in shareholder capital and voting rights, increasing if shareholders do not participate in the upcoming €18 million rights issue. The trading period for preferential subscription rights will run from July 5 to 22, 2024, with new shares available from July 9 to 24, 2024. Settlement and trading will commence on July 31, 2024.

R. H.

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