Casino Announces New Liquidity Contract With Rothschild Martin Maurel
Groupe Casino has announced that it has entered into a new liquidity contract with Rothschild Martin, effective 1 January 2019.
The new contract has been drawn up following changes in the regulations related to liquidity contracts, and are in accordance with the AMF Decision 2018-01 of 2 July 2018.
It replaces the previous liquidity contract signed with Rothschild & Cie banque on 11 February 2005.
Transactions under the liquidity contract will be carried out on the trading platform of Euronext Paris.
Suspension And Termination Of Contract
The contract can be suspended or terminated under the conditions referred to in Article 5 of the AMF Decision, the company said.
It can also be suspended at the issuer's request for technical reasons, such as the counting of shares with voting rights before a general meeting or the counting of shares eligible for dividend before their detachment, for a period specified by the issuer.
The contract can be terminated at any time by the issuer, without notice under the conditions for closing the Liquidity Account as referred to in Article 12 of the agreement, the retailer said in its statement.
The provider can also terminate the contract with one month's notice, after which the Liquidity Account shall be closed under the conditions referred to in Article 12 of the agreement.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.