Passed in June 2024, the Law on Attractiveness sets out a number of measures designed to make France more attractive to international investors. Among these measures, the broadcast of general meetings is a practice that is set to become permanent after increased use during the health crisis.
Following the recommendation of the Autorité des Marchés Financiers (AMF), a new article, L22-10-38-1, has been added to the French Commercial Code. This article requires shareholders’ meetings to be broadcast live and deferred. Since September 2024, this requirement has applied to companies listed on Euronext, with the exception of companies listed on Euronext Growth and Euronext Access and unlisted companies.
Implementing decree no. 2024-904 of 8 October 2024 sets out the registration and custody procedures. Among other things, it stipulates that “the recording of the meeting must be available for consultation on the company’s website no later than seven working days after the date of the meeting and for at least two years from the date it is posted online”.
The retransmission of the General Meeting is not synonymous with remote voting. This option remains at the issuer’s discretion.
Among the range of solutions for your general meeting, Uptevia offers to support issuers in broadcasting this annual event.
Although this broadcasting was already standard practice for CAC 40 issuers, the scope of application of the law has been extended to medium-sized companies.
To meet this need, Uptevia has teamed up with Company Webcast, a solution offered by Euronext Corporate Solutions, providing a reliable, secure and proven webcasting service, ideal for large-scale general meetings.
The Uptevia and Company Webcast offer allows you to combine the experience of the number one in centralising general meetings with a leading solution for webcasting webinars, webcasts and online events.
Pierre & Vacances – Center Parcs Group entrusted us with the broadcasting and recording of its latest general meeting.
“We called on the services of Uptevia to help us organise the broadcast of our general meeting. Their professionalism enabled us to tackle this event with confidence,” says Isabelle Vittman-Cohen, the group’s Corporate Legal Director.
Would you like to find out more about this offer, its context and its technology? Contact your account manager.
