Eckert & Ziegler BEBIG: Close of the sale of Eckert & Ziegler BEBIG shares resulting from the consolidation of fractions of shares following the reverse stock split on 10 November 2016
(Thomson Reuters ONE) -
Eckert & Ziegler BEBIG
Limited Liability Company whose securities are admitted to trading on a
regulated market
Registered office: Parc Industriel de Seneffe 1, 7180 Seneffe, Belgium
Company number: 0457.288.682 (RLE Charleroi)
Press release
REGULATED INFORMATION
21 November 2016, 5:40 pm
As announced by Eckert & Ziegler BEBIG in its press release dated 27 September
2016, the reverse stock split of Eckert & Ziegler BEBIG shares and beneficiary
shares, decided during the extraordinary shareholders' meeting held on 9 June
2016, with a ratio of one new share / beneficiary share (ISIN BE0974300320) for
ten existing shares (ISIN BE0003689032) has been effective since 10 November
2016.
The resulting fractions of shares were consolidated into new shares, which were
then sold or will be sold to Eckert & Ziegler EZAG by Euroclear Belgium,
mandated by Eckert & Ziegler BEBIG. The net proceeds of the sale of those new
shares will be allocated proportionally between the holders of fractions of
shares. However only five financial institutions communicated, on Friday at
4:00 pm the number of these new shares to be sold. Therefore, it was decided to
extend the period to communicate the number of new shares to be sold by the
financial institutions to Euroclear Belgium until Friday 25 November 2016 at
4:00 pm.
At this date and based on the information received from the financial
institutions, 143 new shares were sold. The average net sale price per share
(ISIN BE0974300320) was 0.74 euro. The holders of fractions of shares, clients
from the financial institutions that communicated the number of new shares to be
sold, will therefore be allocated cash compensation in an amount of 0.74 euro
for each (former) action (ISIN BE0003689032) which they held prior to the
reverse stock split.
Provided that Eckert & Ziegler BEBIG SA has comprehensive banking details of the
affected shareholders, the payment will be made during the week of 21 November
2016.
The holders of fractions of shares who used to hold Eckert & Ziegler BEBIG
shares in dematerialized form and who have not received payment by that deadline
should contact the bank at which they have their account.
Shareholders for which Euroclear Belgium does not hold bank details must send
those details to info(at)bebig.com in order to obtain payment of the compensation.
Sums which might not be paid to registered shareholders for which Euroclear
Belgium does not hold bank details will be retained on a bank account opened for
that purpose.
This press release is also available on the company's website.
All questions relating to this press release can be transmitted to:
info(at)bebig.com.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eckert & Ziegler BEBIG via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2016 - 17:40 Uhr
Sprache: Deutsch
News-ID 508404
Anzahl Zeichen: 3518
contact information:
Town:
Seneffe
Kategorie:
Business News
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