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Article 233-1 from 29/09/2006 to 22/05/2021

Article 233-1 into force from to

  • Version into force from to
ELI : /en/eli/fr/aai/amf/rg/article/233-1/20060929/notes

The simplified offer procedure may be used in the following cases:

  1. an offer by a shareholder that already holds directly or indirectly, alone or in concert within the meaning of Article L. 233-10 of the Commercial Code, one-half or more of the target company's equity and voting rights;

  2. an offer by a shareholder that, following an acquisition, holds directly or indirectly, alone or in concert within the meaning of Article L. 233-10 of the Commercial Code, one-half or more of the target company's equity and voting rights;

  3. an offer for no more than 10% of the voting equity securities or voting rights of the target company, taking into account the voting equity securities and voting rights that the offeror already holds, directly or indirectly;

  4. an offer by a person, acting alone or in concert within the meaning of Article L. 233-10 of the Commercial Code, for preference shares, investment certificates or voting rights certificates;

  5. an offer by a company to buy back its own shares, pursuant to Article 225-207 of the Commercial Code;

  6. an offer by a company to buy back its own shares, pursuant to Article 225-209 of the Commercial Code;

  7. an offer by the issuing company for securities giving access to its equity;

  8. an offer by the issuing company to exchange debt securities that do not give access to capital for equity securities or securities that do give access to its capital.