(News Bulletin 247) – Vergnet formalized its decision on Wednesday to carry out a consolidation of the company’s shares in order to reduce the number of shares in circulation, a source of volatility and management difficulties.
At the end of the operation, 7,600 old shares with a nominal value of 0.0001 euro will give the right to one new share with a nominal value of 76 centimes.
The specialist in the production of renewable energies (wind, solar, hybrid) specifies that this operation will have no impact on the overall value of the shares held by the shareholders, with the exception of the broken ones.
Shareholders who do not have a number of old shares corresponding to a whole number of new shares will have to personally buy or sell the old shares forming fractions, in order to obtain a number of shares multiple of 7,600.
The consolidation operations will begin on May 11, 2023, and end on June 12.
The shares resulting from the merger will be admitted to trading on the Euronext Growth market of Euronext in Paris from June 13, the first day of listing.
Following this announcement, Vergnet shares – among the most volatile on the Paris market – fell 12.5% ​​on Wednesday at midday.
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