4th Apr 2014 17:50
Groupe Eurotunnel SA (Paris:GET) , listed in compartment A of the NYSE Euronext, confirms its eligibility for the PEA-PME approach for ETI quoted on Euronext. The name PEA (Plan d’épargne en actions)-PME1 concerns a form of share account in French law. This eligibility is in accordance with the decree n°2 014-283 applicable since 4 March 2014.
Groupe Eurotunnel SA has on this occasion entered the CAC®PME; launched by Euronext, which follows the performance of 20-40 French companies eligible for the PEA-PME.
The eligibility of the group enable it to integrate Groupe Eurotunnel SA shares into PEA-PME accounts, which brings fiscal benefits (for French residents) linked to investments in European stocks, as opposed to traditional PEAs.
In practice, with a PEA-PME, the investor is able to capitalise his added value without tax implication, provided he respects a minimum period of five years for holding the PEA-PME. The maximum amount is limited to €75,000.
The PEA-PME is intended to support investment of national savings in shares and to create a new instrument to support the finances of PME and ETI.
1 Share saving scheme for small and medium size enterprises
Eurotunnel Press Contact:For UK media enquiries contact John Keefe on + 44 (0) 1303 284491Email: [email protected]orFor investor enquiries contact Michael Schuller on +44 (0) 1303 288749Email: [email protected]
Copyright Business Wire 2014
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