The AMF announced forthcoming measures regulating the legal regime applicable to the transfer of companies from Euronext to Alternext and the legal provisions applicable to companies after such transfer.

The AMF proposes to publish measures pursuant to which transfer from Euronext to Alternext should be made subject to the authorisation of the company’s general meeting of shareholders and to prior information of shareholders. In addition, after transfer from Euronext to Alternext, the AMF proposes to keep applying to companies, after transfer from Alternext to Euronext, for a transitional period of three years, a number of provisions relating to securities markets normally applicable to companies listed on Euronext (e.g. relating to disclosure of major shareholdings).