(Finance) – Theextraordinary shareholders’ meeting Of World TV France approved, as part of the process of merger by incorporation of Mondo TV Suisse into Mondo TV France approved by the BoD on 27 June 2023, a capital reduction of 469,431 euroby transferring from capital to reserves at the same equity level.
In order to carry out the merger of the two companies at net book value, according to French legislation, the Boards of Directors of the two companies have determined to carry out a preliminary technical reduction of the share capital of Mondo TV France for an amount equal to 469,431 euros, leaving the number of shares unchanged, by reducing the share capital and increasing the available reserves; the share capital of mondo Tv France is therefore preliminarily reduced from 2,029,729 to 1,560,298 euros; as a result of the capital reduction, Mondo TV France shares will have an implicit nominal value of 0.008 euros.
The extraordinary shareholders’ meeting therefore delegated by the BoD to carry out the capital reduction within a period of 12 months.
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