Frequently Asked Questions - Continuing obligations

Continuing obligations

Frequently asked questions about the continuing obligations of issuers

Do I satisfy my disclosure obligations when posting regulated information on the Euronext website and particularly Connect?

The issuer does not satisfy its disclosure obligations by posting regulated information on Euronext’s website and in particular Connect (see below for further information on Connect). Disclosure obligations and dissemination of regulated information are governed by the EU Transparency Directive and applicable national legislation.

Is the publication of my provisional financial calendar on Connect compulsory?

For companies listed on Euronext and Euronext Growth, keeping the financial calendar up to date is part of their “best practice” financial communication and is an obligation for companies listed on Euronext Growth Paris. To this end, Euronext lets the issuer fill in a provisional calendar of financial announcements that is widely distributed among investors through the main financial newspapers, which update their data based on this information.

The purpose of this calendar is to facilitate the monitoring of stocks by the financial community. The financial calendar can be updated via the Connect web portal (connect.euronext.com). Updates will be visible on our website after 8.00p.m. CET.

When do I need to inform Euronext of corporate events?

The issuer shall be provided to the Relevant Euronext Market Undertaking at least two trading days in advance of the earlier of (i) the public announcement of the timetable for any such corporate or securities event or (ii) the corporate or securities event having effect on the market or the position of the holders of the relevant Securities. Euronext shall not be responsible or liable for any loss incurred by any person as a result of issuer’s late information.

For more information, please refer to article 61004 “Administration of corporate and securities events” of Euronext Rule Book I: Harmonised rules or article 4.5 “Corporate actions” of the Euronext Growth Rule Book. Contact corporateactionsfr@euronext.com

For a corporate event, do I have to send Euronext the minutes of the shareholders’ meeting?

For corporate actions having an impact on the company’s share capital, minutes of the Shareholders’ Meeting must be sent to Euronext.

In the interest of maintaining a fair and orderly market, Euronext must be informed of any changes to the company’s share capital so that market capitalisation can be calculated correctly. This may affect the company’s classification within the capitalisation compartments on the Euronext market, or its eligibility for an index. Moreover, any other transaction must also be notified to Euronext. This action is the responsibility of the firm handling the listed company’s securities.

In which cases should a press release be issued?

For every corporate actions considered as price sensitive, an issuer has the obligation to inform the investors and the market of any change that could potentially affect the stock. In the interest of maintaining a fair and orderly market, Euronext must be informed of any changes to the company’s share capital so that market capitalisation can be calculated correctly. This may affect the company’s classification within the capitalisation compartments on the Euronext market, or its eligibility for an index. Moreover, any other transaction must also be notified to Euronext. This action is the responsibility of the firm handling the listed company’s securities.

Is there a notification form for the announcements of dividends?

Yes, announcements of dividends must be done through a Euronext form called ”ESES common corporate actions form”. This form can be downloaded on our website at the following link: www.euronext.com/listings/corporate-actions.

Note that dividend announcements need to be disclosed at least two trading days before the ex-date of the dividend. In order to do so, please fill in the downloaded “ESES common corporate actions form” by selecting “Mandatory Cash distribution” as the corporate actions type and send a copy of the Excel file and a PDF signed version it to Euronext at the following email address: corporateactionsfr@euronext.com.

For added visibility, we recommend that you also enter information relating to the payment of dividends directly into your financial calendar on our website, via the Connect web portal.