PlaYce Cameroun: CFA2.19 Billion Capital Increase Finalized

• PlaYce Cameroun increased its share capital by CFA2.19 billion, raising it from CFA15.095 billion to CFA17.285 billion.
• The capital increase involved issuing 219,007 new shares, each with a nominal value of CFA10,000, fully paid in cash.
• The transaction was approved at an extraordinary general meeting on June 30 and confirmed by the board on September 28, 2026.
• A legal notice prepared by notary Gisèle Enguélé Dipanda documented the process, including an amendment to Article 7 of the bylaws and filing with the Douala-Bonanjo Court registry.
• The legal notice did not identify the subscribers of the new shares or the post-transaction ownership structure.

Lawyers advising on corporate finance or M&A in Cameroon should note the procedural steps for capital increases, including the role of the notary and the required court filings, as exemplified by PlaYce Cameroun's recent transaction.

PlaYce Cameroun, the entity managing the prominent PlaYce shopping mall in Yaoundé, has successfully executed a substantial capital increase. The company's share capital saw an augmentation of CFA2.19 billion, elevating its total from CFA15.095 billion to CFA17.285 billion. This significant financial maneuver, representing a 14.5% expansion of the company's previous capital base, involved the issuance of 219,007 new shares. Each of these newly issued shares carried a nominal value of CFA10,000, and all were fully paid for in cash at the point of subscription, as confirmed by official documentation.

This strategic move by PlaYce Cameroun to bolster its financial foundation underscores a commitment to its operations and future growth within the Cameroonian market. The PlaYce Cameroun CFA2.19 billion capital increase is a notable event in the country's corporate landscape, demonstrating a clear intent to strengthen the company's equity position.

The execution of this capital increase by PlaYce Cameroun meticulously followed established legal and regulatory protocols governing corporate finance in Cameroon. The initial authorization for this financial restructuring was granted at an extraordinary general meeting held on June 30. Subsequently, the company's board of directors officially ratified the completion of the transaction on September 28, 2026, marking the formal conclusion of the capital injection process.

A crucial step in the Cameroon company capital increase procedure involved the preparation of a comprehensive legal notice by Gisèle Enguélé Dipanda, a notary based in Douala. This document formally recorded the details of the capital increase and the procedural steps undertaken. Furthermore, PlaYce Cameroun amended Article 7 of its bylaws, which specifically governs the company's share capital, to reflect the new financial structure. The required documents were then duly filed with the registry of the Douala-Bonanjo Court of First Instance, ensuring full compliance with local corporate governance regulations and OHADA capital increase requirements. Lawyers advising on corporate finance or M&A in Cameroon should note the procedural steps for capital increases, including the role of the notary and the required court filings, as exemplified by PlaYce Cameroun's recent transaction.

While the details of the PlaYce Cameroun CFA2.19 billion capital increase are publicly available through the legal notice, specific information regarding the subscribers of the new shares has not been disclosed. The notice also refrains from detailing the company's updated ownership structure subsequent to this transaction. This lack of explicit disclosure leaves certain aspects of the post-increase shareholding composition open to speculation.

Prior to this capital injection, the ownership landscape of PlaYce Cameroun was largely dominated by PlaYce SAS, the French holding company of the CFAO group. According to its annual financial statements as of March 31, 2026, PlaYce SAS held a significant 99.99% stake in PlaYce Cameroun. This figure, however, predates the recent capital increase, implying that the new share issuance could potentially have altered this dominant ownership percentage, either through dilution or by the existing majority shareholder subscribing to maintain its stake. This case provides a practical illustration of compliance with local corporate governance regulations for equity financing.

Lawyers advising on corporate finance or M&A in Cameroon should note the procedural steps for capital increases, including the role of the notary and the required court filings, as exemplified by PlaYce Cameroun's recent transaction. This case provides a practical illustration of compliance with local corporate governance regulations for equity financing.

Source: Original reporting via financial news publication