Groupe Partouche

Legal Proceedings Report • Nov 4, 2019

Withdrawal from the safeguard plan acknowledged by the Paris Commercial Court

Paris, 4 th of November 2019, 06:00 pm

Following the bank and bond refinancing operations carried out (see press release of 21st October, 2019), Groupe Partouche reimbursed on 24th October 2019 all the amounts due under the syndicated loan pertaining to the safeguard plan.

The Paris Commercial Court has thus today noted the successful execution and withdrawal of the safeguard plan 3 years in advance. Groupe Partouche has scrupulously respected the provisions of the safeguard plan, throughout its period of implementation.

Mr. Fabrice Paire, Chairman of the Executive Board declared "the Group is now turning a complex page in its history. Backed up by our financial partners, and with their support, we can, with an increased serenity, accelerate our transformation. Engaged and dynamic, our vision is to continually improve the convivial offer presented to our clientele."

As a result, the mission of SCP Abitbol & Rousselet represented by Maître Frédéric Abitbol in his capacity as Commissioner for the execution of the plan, has been terminated.

As a reminder, Groupe Partouche was placed in a safeguard procedure by ruling of 30th September 2013. The Paris Commercial Court by ruling of 29th September 2014 approved the safeguard plan to the benefit of Groupe Partouche and appointed SCP Abitbol & Rousselet. This plan was amended by judgment of 2 nd November 2016, itself rectified by ruling of 8 th December 2016.

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, hotels, restaurants, spas and golf courses. The Group operates 42 casinos and employs nearly 4,300 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming at strengthening its leading position and continuing to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment B. ISIN: FR0000053548 - Reuters: PARP.PA - Bloomberg: PARP:FP

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