Launch of reserved capital increases: REED advances its recovery plan

On November 2, 2026, REED announced the launch of three capital increases reserved for creditors, as outlined in its Restructuring Plan. This initiative stems from the judgment of the Nantes Commercial Court dated February 18, 2026. The transactions concern three categories of creditors: secured, unsecured, and subordinated, for a total maximum amount of €143.9 million.

These capital increases, scheduled for November 6, 2026, aim to clear the group's debt by converting receivables into new ordinary shares. This conversion will result in a significant dilution of the current shareholder base. A shareholder holding 1% of the capital would see their stake reduced to 0.0024%.

The Recovery Plan will allow REED to reduce its debt without generating direct cash flow. The AMF's approval of these measures catalyzes the structural transformation initiated by the real estate group.