Casino Group: Classes vote results
Very strong support from Casino Group's
shareholders and creditors meeting as classes of parties affected
by the draft accelerated safeguard plans
Paris, 12 January 2024
Aurélia Perdereau, Hélène Bourbouloux and
Frédéric Abitbol, in their capacity as judicial administrators of
Casino, have transmitted to Casino Group the results of the vote of
all classes of affected parties on the draft accelerated safeguard
plans of Casino and certain of its subsidiaries1, details of which
are set out in the Appendix to this press release.
The results of the votes of the creditors
grouped into classes of parties affected at Casino level are as
follows:
- RCF and TLB creditors not benefiting from the elevation
mechanism (class n°1) voted in favor of the plan with 100% of the
votes cast ;
- RCF creditors benefiting from the elevation mechanism (class
n°2) voted in favor of the plan by 100% of the votes
cast ;
- EMTN, high yield and treasury bonds creditors (class n°3) voted
in favor of the plan by 68.55% of the votes cast ;
- The creditors under the guarantee granted by Casino to the
beneficial owners of the Quatrim high yield bond issue (class no.
4) voted in favor of the plan by 95.84% of the votes
cast ;
- Casino's sole creditor in class 5 (GPA, in respect of a
guarantee granted in its favor) abstained from voting on Casino's
proposed accelerated safeguard plan ;
- Creditors holding perpetual subordinated notes (class no. 6)
voted in favor of the plan by 75.62% of the votes cast ;
and
- Casino shareholders (class no. 7) voted in favor of the plan by
98.87% of the votes cast.
Out of the 17 classes of affected parties of the
relevant Casino subsidiaries, 16 classes approved the draft
accelerated safeguard plans by the required majority (more than
2/3). Green Yellow Holding, the sole creditor in class no. 2 of
Casino Participations France under a guarantee granted in its
favor, voted against the adoption of Casino Participations France's
draft accelerated safeguard plan.
Appendix
Result of the vote of the classes of affected
parties on the draft accelerated safeguard plans
- Casino, Guichard-Perrachon
Class no. 1 (TLB and RCF creditors not
benefiting from the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
3,311,376,854.57 euros |
3,145,458,877.50 euros |
94.99% |
3,145,458,877.50 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 2 (RCF creditors benefiting from
the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
891,303,615.26 euros |
891,303,615.26 euros |
100% |
891,303,615.26 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 3 (creditors holding EMTN and
high-yield bonds and Treasury bond)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
2,470,422,939.58 euros |
1,805,715,084.08 euros |
73.09% |
1,237,787,165.50 euros |
68.55% |
567,927,918.58 euros |
31.45% |
| |
|
|
|
|
|
|
Class no. 4 (creditors in respect of the
guarantee granted by Casino to the beneficial owners of the Quatrim
high-yield bond issue)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
574,425,354.17 euros |
523,490,600.00 euros |
91.13% |
501,730,450.00 euros |
95.84% |
21,760,150.00 euros |
4.16% |
| |
|
|
|
|
|
|
Class no. 5 (unsecured creditor -
GPA)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
1.00 euro |
0.00 euro |
0% |
0.00 euro |
0% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 6 (creditors holding perpetual
subordinated notes)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
1,384,663,350.00 euros |
774,535,162.12 euros |
55.94% |
585,761,073.13 euros |
75.62% |
188,837,407.73 euros |
24.38% |
| |
|
|
|
|
|
|
Class no. 7 (existing
shareholders)
Result of votes cast
Number of shares comprising the share capital as
of 20 December 2023: 108,426,230
|
Voix valablement exprimées |
|
IN FAVOR |
% |
AGAINST |
% |
|
116,366,767 actions |
98.87% |
1,328,240 actions |
1.13% |
- Casino Finance
Class no. 1 (TLB and RCF creditors not
benefiting from the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
2,092,111,342.05 euros |
1,956,695,537.80 euros |
93.53% |
1,956,695,537.80 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 2 (RCF creditors benefiting from
the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
891,303,615.26 euros |
891,303,615.26 euros |
100% |
891,303,615.26 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 3 (creditors holding high-yield
bonds issued by Quatrim)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
398,963,253.33 euros |
363,586,863.55 euros |
91.13% |
348,473,498.21 euros |
95.84% |
15,113,365.34 euros |
4.16% |
| |
|
|
|
|
|
|
- Casino Participations France
Class no. 1 (creditors holding high-yield
bonds issued by Quatrim)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
574,425,354.17 euros |
523,490,600.00 euros |
91.13% |
501,730,450.00 euros |
95.84% |
21,760,150.00 euros |
4.16% |
| |
|
|
|
|
|
|
Class no. 2 (unsecured creditor - Green
Yellow Holding)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
1.00 euro |
1.00 euro |
100% |
0.00 euro |
0% |
1.00 euro |
100% |
| |
|
|
|
|
|
|
Class no. 3 (holders of rights under the
subordination agreement)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
4,156,003,552.05 euros |
3,992,691,097.73 euros |
96.07% |
3,992,691,097.73 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
- Distribution Casino France
Class no. 1 (TLB and RCF creditors not
benefiting from the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
1,859,879,903.84 euros |
1,732,160,724.30 euros |
93.13% |
1,732,160,724.30 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 2 (RCF creditors benefiting from
the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
873,351,155.94 euros |
873,351,155.94 euros |
100% |
873,351,155.94 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 3 (creditors holding high-yield
bonds issued by Quatrim)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
170,532,666.67 euros |
155,411,399.14 euros |
91.13% |
148,951,349.32 euros |
95.84% |
6,460,049.82 euros |
4.16% |
| |
|
|
|
|
|
|
- Monoprix
Class no. 1 (TLB and RCF creditors not
benefiting from the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
340,393,108.61 euros |
331,877,547.96 euros |
97.50% |
331,877,547.96 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 2 (RCF creditors benefiting from
the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
711,271,972.46 euros |
711,271,972.46 euros |
100% |
711,271,972.46 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 3 (creditors holding high-yield
bonds issued by Quatrim)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
213,165,833.33 euros |
194,264,248.93 euros |
91.13% |
186,189,186.65 euros |
95.84% |
8,075,062.28 euros |
4.16 % |
| |
|
|
|
|
|
|
- Quatrim
Class no. 1 (creditors holding high-yield
bonds issued by Quatrim)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
574,425,354.17 euros |
523,490,600.00 euros |
91.13% |
502,769,616.67 euros |
96.04% |
20,720,983.33 euros |
3.96% |
| |
|
|
|
|
|
|
Class no. 2 (holders of rights under the
subordination agreement)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
4,156,003,552.05 euros |
3,992,691,097.73 euros |
96.07% |
3,992,691,097.73 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
- Ségisor
Class no. 1 (TLB and RCF creditors not
benefiting from the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
382,897,235.21 euros |
369,410,576.27 euros |
96.48% |
369,410,576.27 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 2 (RCF creditors benefiting from
the elevation mechanism)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
41,619,360.47 euros |
41,619,360.47 euros |
100% |
41,619,360.47 euros |
100% |
0.00 euro |
0% |
| |
|
|
|
|
|
|
Class no. 3 (creditors holding high-yield
bonds issued by Quatrim)
Result of votes cast
|
Voting rights |
Total votes cast |
IN FAVOR |
AGAINST |
|
49,032,723.57 euros |
44,684,952.87 euros |
91.13% |
42,827,514.98 euros |
95.84% |
1,857,437.89 euros |
4.16% |
| |
|
|
|
|
|
|
This press release was prepared solely for
information purposes and should not be construed as a solicitation
or an offer to buy or sell securities or related financial
instruments. Likewise, it does not provide and should not be
treated as providing investment advice. It has no connection with
the specific investment objectives, financial situation or needs of
any receiver. No representation or warranty, either express or
implied, is provided in relation to the accuracy, completeness or
reliability of the information contained herein. Recipients should
not consider it as a substitute for the exercise of their own
judgement. All the opinions expressed herein are subject to change
without notice.
***
ANALYSTS AND INVESTORS
CONTACTS
Christopher WELTON -
cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64
17orIR_Casino@groupe-casino.fr - Tel: +33 (0)1 53
65 24 17
PRESS CONTACTS
Groupe Casino – Communications
Director
Stéphanie Abadie –
sabadie@groupe-casino.fr- Tel: + 33(0)6 26 27 37
05ordirectiondelacommunication@groupe-casino.fr -
Tel: + 33(0)1 53 65 24 78
Agence IMAGE 7
Karine Allouis - kallouis@image7.fr - Tel: +33
(0)6 11 59 23 26
Laurent Poinsot - lpoinsot@image7.fr - Tel: +
33(0)6 80 11 73 52
Franck Pasquier - fpasquier@image7.fr - Tel: +
33(0)6 73 62 57 99
1 Casino Finance, Distribution Casino France,
Casino Participations France, Quatrim, Ségisor, and Monoprix
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