SOITEC : Soitec reverse stock split has taken effect
(Thomson Reuters ONE) -
Soitec reverse stock split has taken effect
Bernin (Grenoble), France, 8 February 2017 - Soitec (Euronext Paris), a world
leader in generating and manufacturing revolutionary semiconductor materials,
today announces that the reverse split of its shares has taken effect, as
approved by its Combined General Shareholders' Meeting held on 25 July 2016.
This reverse stock split involved the exchange of 20 old shares with par value
of ? 0.10 each for 1 new share with par value of ? 2.00.
Terms and conditions of this reverse stock split are described in the notice
published in the Bulletin des Annonces Légales Obligatoires on 23 December 2016
and in the press release dated 9 January 2017 (available on the Company's
website at the following link : https://www.soitec.com/en/investors).
Share capital of the Company amounting to ? 60,623,020 is now divided into
30,311,510 ordinary shares of ? 2.00 par value each, including 5,572 self-owned
shares.
Today, first listing day under ISIN FR0013227113, the market price of the new
share (mnémonic "SOI") was ? 38.00 when Euronext Paris market opened.
The old shares listed under ISIN FR0004025062 have been delisted.
In accordance with articles L. 228-6-1 and R. 228-12 of the French Commercial
Code, the new shares that may not have been individually allotted and
corresponding to the rights attached to odd lots will be sold on the market by
the financial intermediaries and the proceeds of such global sale shall be
proportionally allotted to the rights attached to odd lots held by their owners.
The latter shall then be directly indemnified by their financial intermediaries
within 30 days of this 8(th) day of February 2017.
Soitec confirms that its new shares are eligible for the long-only Deferred
Settlement Service (DSS) (also known as "Service de Règlement Différé Long
Seulement" in French language), and for the PEA-PME plan governed by the French
implementing decree no. 2014-283 of 4 March 2014.
The Company reminds that the new share attribution ratio of the bonds
convertible and/or exchangeable into new or existing shares (also known as
"OCEANEs" in French language) issued on 18 September 2013 and due on 18
September 2018 (ISIN FR0011566793, mnémonic « YSOIA ») is 0,066 share for 1
OCEANE.
About Soitec
Soitec (Euronext, Tech 40 Paris) is a world leader in designing and
manufacturing innovative semiconductor materials. The company uses its unique
technologies and semiconductor expertise to serve the electronics markets. With
more than 3,000 patents worldwide, Soitec's strategy is based on disruptive
innovation to answer its customers' needs for high performance, energy
efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D
centers and offices in Europe, the U.S. and Asia.
For more information, please visit www.soitec.com and follow us on Twitter:
(at)Soitec_EN
Investor Relations: Media Contact:
Steve Babureck Camille Dufour
+33 (0)6 16 38 56 27 +33 (0)6 79 49 51 43
+1 858 519 6230 camille.dufour(at)soitec.com
steve.babureck(at)soitec.com
Isabelle Laurent
+33 (0)1 53 32 62 51
Individual Shareholder Relations: isabelle.laurent(at)ddbfinancial.fr
Claire Stromboni Fabrice Baron
+ 33 (0)4 76 92 75 12 +33(0)1 53 32 61 27
claire.stromboni(at)soitec.com fabrice.baron(at)ddbfinancial.fr
# # #
Soitec press release PDF:
http://hugin.info/143589/R/2077046/781238.pdf
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: SOITEC via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.02.2017 - 18:09 Uhr
Sprache: Deutsch
News-ID 523026
Anzahl Zeichen: 4692
contact information:
Town:
CROLLES CEDEX
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 128 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SOITEC : Soitec reverse stock split has taken effect"
steht unter der journalistisch-redaktionellen Verantwortung von
SOITEC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
