| 10. LEGAL
INFORMATION |
10.2. GENERAL INFORMATION ON
THE COMPANY'S LEGAL AND
REGULATORY ENVIRONMENT
10.2.1. Regulations applicable to
the company
The following provisions of the French stock exchange regulations
apply to the company:
(i) provisions requiring foreign issuers to provide information to
the investing public pursuant to COB regulation no. 98-07;
(ii) COB regulation no. 90-04, as amended by COB regulation
nos. 92-03, 98-03, 2000-06 and 2002-02, regarding the
way prices are determined;
(iii) COB regulation no. 90-08, as amended by COB regulation
no. 12-03, regarding insider trading;
(iv) COB regulation no. 98-02, as amended by COB regulation
2000-06, 2003-02 and 2003-06 regarding the dissemination
of information during buy-back programmes
for securities that have been admitted to listing on a
regulated market;
(v) COB regulation no. 98-01, as amended by COB regulation
nos. 2000-07, 2001-01, 2001-05, 2002-03, 2002-05,
2002-06, 2003-02 and 2003-03, regarding the dissemination
of information when an application to admit new
shares to listing is made; and
(vi) COB regulation no. 98-08, as amended by COB regulation
nos. 2000-09, 2001-02, 2002-03, 2002-05, 2002-06,
2003-02 and 2003-03, in the event of a tender offer for
shares that have already been admitted to listing.
In addition, the rules governing the organisation and functioning
of the markets (the Euronext Rule Book) are applicable to the company.
The Euronext Rule Book may be consulted at the offices of all Euronext
locations and is available on the company website.
The Dutch statutory provisions governing tender offers, as described
in section 10.1.14, will
apply to the company until the EU directive on tender offers comes
into effect in France.
The Dutch statutory provisions governing the disclosure of holdings
exceeding cer tain thresholds in the company's capital are described
in section 10.1.13.
In addition to the laws and statutory provisions applicable
to the company summarized below, the company has to comply
with the public information requirements. Euronext is listed on
the Premier Marché of Euronext Paris and is traded but not
listed on the Euronext platforms in Brussels and Amsterdam.
Euronext committed itself to comply also with the Dutch
requirements concerning the provisions of information to the
public in the event of a capital reduction. |
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