Belvedere calls Feb. 8 shareholder meeting to discuss warrant changes

By Jennifer Chiou

New York, Dec. 31 - Belvedere SA announced that it will hold a shareholders' meeting on Feb. 8 to authorize modifications to its bons de souscription d'actions or warrants.

The company's board of directors met on Dec. 24 to decide on a meeting date at the request of the Autorite des marches financiers.

On Dec. 23, the company said that holders authorized all changes at a meeting for their refundable share purchase warrants, or obligation a bons de souscription en actions remboursables, series A and B.

As already reported, the approved resolutions will go into effect on the date of the company's next Euronext notice.

This follows the Nov. 10 approval of its plans of reorganization in the Court of Dijon.

Belvedere previously said that holders representing about €100 million of its Obsars had unanimously approved the plan. Holders of the series B Obsars, however, had not yet reached a quorum.

Based in Beaune, France, Belvedere is a producer and distributor of alcoholic and non-alcoholic beverages.

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