Disneyland® Paris invests 4,47% of the payroll in training.
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Euro Disney S.C.A. (the "Company") is the parent company of Euro Disney Associés S.C.A., operator of Disneyland® Paris. To know more about the relationships between these two entities, click here.

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Share Consolidation

On December 3, 2007, the Company has implemented a 100:1 share consolidation. Find more information in this section.

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On December 3, 2007, the Company implemented a share consolidation, as set forth in the notice of consolidation, ("Avis de Regroupement") published on November 9, 2007 in the French "Bulletin des Annonces Légales Obligatoires". The exchange ratio was 100 old shares of €0.01 (nominal value) for one new share of €1 (nominal value).


  • Press Release announcing the share consolidation on November 8, 2007

          >> Download 

  • Consolidation notice ("avis de regroupement") released on November 9, 2007

          >> Download (available in French only) 

  • Press Release announcing the end of the share consolidation period on December 16, 2009

          >> Download


Each shareholder automatically received (unless his/her financial intermediary did not act on his/her behalf) on the effective date of consolidation, December 3rd, 2007, one new share for each allotment of 100 old shares, without any action being required on his or her part. 


For unconsolidated shares (shares not reaching the 100 to 1 consolidation ratio), shareholders had the opportunity within a 2-year period (i.e. until December 4th, 2009) to buy or sell the number of shares necessary to reach a multiple of 100 and thereby complete the share consolidation for their Euro Disney S.C.A. shares.        


The share consolidation period ended on December 4, 2009, that is, at the end of a 2-year period from the launch date of the share consolidation.
The rights attached to unconsolidated shares were cancelled on December 7, 2009.
At this date, the company sold the consolidated shares that remained unclaimed, corresponding to the unconsolidated old shares.
Shareholders who did not consolidate their old shares are entitled to their share of the net proceeds of the sale.
The net proceeds of the sale of the consolidated shares that remained unclaimed on Euronext are € 0.05058 per unconsolidated share.


More details about the share consolidation, please consult the FAQ of the Shareholders section or click here