Marionnaud instructed to pay out on Deminor shares

Published: 9-Feb-2010

A French commercial court has ordered the perfumes enterprise Marionnaud to pay the small shareholders in the Deminor grouping €6.84 per share and an individual indemnity of €500 per shareholder.


A French commercial court has ordered the perfumes enterprise Marionnaud to pay the small shareholders in the Deminor grouping €6.84 per share and an individual indemnity of €500 per shareholder.

The shares were acquired before the suspension of trading in the shares in December 2004.

The court said that between 2002 and December 2004 Marionnaud's financial communications were "constantly and misleadingly optimistic in such a way as to inflate the share price artificially".

The ruling is subject to appeal.

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