March 10, 2017 / 7:16 AM / 5 months ago

BRIEF-Solocal Group announces favourable decision of Court of Appeal of Versailles

March 10 (Reuters) - Solocal Group SA:

* Requested from Euronext Paris that the trading of its shares (local FR0012938884) resumes from the opening of the Paris stock exchange on Friday March 10, 2017

* Says proceedings initiated by Benjamin Jayet for obtaining a decision on merits of annulment of certain decisions taken at December 15 AGM recalled in press release of March 8 are still ongoing

* Court of Appeal of Versailles by a decision rendered on March 9, 2017, upheld the order of the President of The Commercial Court of Nanterre of January 13, 2017

* Says settlement and delivery of rights issue and allocation of free shares and settlement of securities subscribe by creditors to occur on March 13

* Says total shares subscribed by creditors pursuant to share capital increase without preferential subscription rights for an amount of 363.2 million euros ($384.6 million)including issue premium Source text for Eikon: Further company coverage: ($1 = 0.9444 euros) (Gdynia Newsroom)

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