The AMF's named disclosures against the IT group from the start of 2024 to the eve of its debt-for-equity restructuring, and why the record stops where it does.
Figures are the short interest as a percentage of share capital, from AMF data, 244 points between 1 Jan 2024 and 5 Dec 2024.
France's AMF publishes each net short position of 0.5% or more of share capital with the holder's name, and the line here is the daily sum of those disclosures. It stood at 8.47% on 1 Jan 2024, reached 19.44% on 6 May 2024, and fell to 6.48% on 8 Nov 2024 before ending the window at 8.67% on 5 Dec 2024.
On 24 July 2024 the specialised Commercial Court of Nanterre opened accelerated safeguard proceedings so the company could carry out a pre-agreed financial restructuring. The court approved the plan on 24 October 2024, and the company announced its completion on 19 December 2024: about €2.9 billion of debt converted into shares, a gross debt reduction of about €2.1 billion, €1.75 billion of new financing, and no debt maturing before the end of 2029.
The named positions were highest in the spring, before the proceedings opened, and were well below half the spring peak by the time the plan was approved. The register shows the positions being reduced as the restructuring's terms became known; it does not say why any holder acted.
The conversion of debt into shares multiplied the number of shares in issue, which is the base every percentage on this page is measured against. On 6 and 9 December 2024, while the capital increases were being settled, the register printed a figure many times higher than anything it showed before or after, coinciding with the change in share count; this study stops at 5 December rather than chart it as a position. The company's original ISIN left the register on 17 December 2024, and its current listing has its own page on this site.
Full history and today's figure: ATOS GROUP. This company has delisted; its page is a frozen archive.
Figures are as published by the AMF; this site is not affiliated with it. The narrative describes what the published figures showed and widely reported public events around them; it is not a description of any company's prospects and is not investment advice.