Christian Dior gets approval from 2011 bondholders at meeting

By Marisa Wong

Madison, Wis., Oct. 29 – Christian Dior SA announced that holders of its €300 million bonds issued on May 12, 2011 approved the draft terms of its conversion into a societas europaea.

Bondholders granted their approval at a meeting held on Sept. 29 in Paris.

The company called the Sept. 29 meeting after failing to reach a quorum at the original Sept. 5 meeting.

No quorum was needed for the subsequent meeting, but in order to form a quorum at the earlier meeting, there had to have been holders representing at least one-fifth of the principal amount of the bonds outstanding.

Bondholders also voted on powers and determination of the proper venue for filing meeting documents.

Christian Dior is a Paris-based holding company engaged in the production and distribution of consumer goods.

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