
CPI FIM SA
(société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 44 996
Press Release – Corporate News
Luxembourg, 10 July 2024
CPI FIM SA – Reference to the press release number 24/17 issued by the CSSF regarding Orco Property Group S.A. (ISIN LU0122624777)
CPI FIM SA (formerly Orco Property Group S.A., the "Company") refers to the press release number 24/17 issued by the CSSF on 8 July 2024.
On 8 December 2017, the CSSF adopted certain decisions in relation to shareholders of the Company under the Luxembourg Takeover Law and the Luxembourg Market Abuse Law (see CSSF's press releases numbers 17/40 and 17/41).
These decisions of the CSSF were challenged by the Company's shareholders in front of Luxembourg's administrative court. On 21 November 2023 the first instance court rejected administrative lawsuits against the decisions of the CSSF. The shareholders appealed against this decision.
On 27 June 2024, the appeals formed against the judgments of 21 November 2023 have been dismissed by the Administrative Court (Cour administrative). As a consequence, decisions adopted by the CSSF on 8 December 2017 are final and may no longer be challenged before the Luxembourg administrative courts. The Company understands that shareholders have the right to bring claims to the European Court of Human Rights in Strasbourg.
CPI FIM SA was not a party to the legal proceedings.
For more on CPI FIM SA, visit our website: www.cpifimsa.com
Investor Relations
Moritz Mayer Manager, Capital Markets [email protected]