on ELECTRICITE ET EAUX DE MADAGASCAR (EPA:EEM)
Rejection of Mr. Le Helloco's stay of execution against the AMF
Electricité et Eaux de Madagascar (EEM) announced the rejection of Mr. Valéry Le Helloco's request for a stay of execution. The latter was directed against the decision of the Financial Markets Authority (AMF), which required him to launch a public offer for EEM shares. This decision by the AMF, dated October 11, 2024, followed the exceeding by Mr. Le Helloco and his companies of the threshold of 30% of voting rights, between 2023 and 2024.
The order issued by the President of Chamber 5-15 of the Paris Court of Appeal confirmed this rejection. A hearing on the merits of this case is scheduled for February 20, 2025 in the same court.
R. E.
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