The plan to restructure the group's colossal debt, which had reached 4.8 billion euros, was approved by the required majority, i.e. more than two-thirds of the votes cast, Atos said.
Transactions under the plan are expected to include the conversion of 2.9 billion euros of financial debt into capital.
To strengthen the company's equity, a capital increase of 233 million euros is also planned, to which existing shareholders will be able to subscribe.
The company is also expected to receive between 1.5 and 1.675 billion euros in new preferential financing and equity resulting from the capital increase.
In July, Atos was granted an accelerated safeguard procedure by the Nanterre Commercial Court. Its safeguard plan will now be examined at a court hearing scheduled for October 15.
If approved by the court, the restructuring operations will have to be implemented between November 2024 and January 2025.
In recent weeks, the group has announced new contracts, notably with the European Space Agency (ESA) and RATP. But the IT specialist had lost its contract with the International Olympic Committee to provide its services during the Olympic Games, according to an IOC announcement in early August.
Atos still faces major challenges, with a hefty €2 billion debt still to be repaid. Moreover, if the new contributions are indeed released, they will again add to the debt burden.
Finally, the Group needs to find a new CEO, as Jean-Pierre Mustier, previously Chairman of the Board of Directors, has also had to take on the role of CEO following the departure in July of Paul Saleh.
(Written by Florence Loève, with Kate Entringer)
