In July 2025 Nacon's shareholders rejected a savings-plan capital increase, 94.17% against, and passed every other resolution

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Nacon's shareholders voted down resolution 25 at the company's annual meeting in July 2025 and adopted every other resolution, the company said in its account of the meeting. Resolution 25 was on a capital increase reserved for members of the company savings plan, the PEE, and the release's table gave it 5.83% in favour and 94.17% against. The AMF, France's financial markets regulator, listed the account as inside information published on Jul 31, 2025, under the French title “Compte-rendu de l’Assemblée Générale annuelle du 25 juillet 2025”.1^,2^,3^,4^,5^,6

The company said 434 shareholders were present or represented, holding 72,972,520 of the 108,405,744 shares that carried voting rights, or 67.31%. It said those shares carried 125,490,243 votes, 77.39% of net voting rights.7^,8

Shareholders approved the chief executive's pay, listed as that of A Falc, with 96.73% in favour (resolution 10), and the consolidated accounts with 99.98% (resolution 2). In the extraordinary part of the meeting, resolutions on capital increases without and with preferential subscription rights (17 and 18) drew 96.78% and 97.45% in favour, and resolution 24, on a public offer with exchange, drew 96.82%.9^,10^,11^,12

The consolidated accounts covered the year to Mar 31, 2025, for which Nacon's annual report in ESEF, the electronic format European listed companies file in, showed revenue of €167.95 million against €167.71 million a year earlier, and a net loss of €1.34 million against net income of €17.53 million.10^,13^,14^,15^,16

The release also gave the company's reporting calendar, from first-quarter revenue in July to final annual results the following June, and said the company could change the dates if it judged that necessary.17^,18

The release is in French, and the English here is our wording. The text we hold is this one release, two pages long, and it does not say why shareholders rejected resolution 25. The release said the documents presented at the meeting were available to download from the company's website; they are not in our records.6^,19^,20^,2^,21