on SOLOCAL (EPA:LOCAL)
Launch of Solocal Group Reverse Share Split
Solocal Group has announced the initiation of a reverse share split, effective from 23 September 2024. The process involves exchanging one thousand existing shares with a par value of €0.001 each for one new share priced at €1. This decision aligns with the resolution from the General Meeting held on 19 June 2024.
From 23 October 2024, the newly consolidated shares will be traded on the Euronext Paris market. Shareholders are advised to adjust their holdings to multiples of one thousand by 22 October 2024 to avoid dealing with fractional shares.
Solocal's board has also decided to suspend rights to exercise securities giving access to capital from 13 September to 25 October 2024. Adjustments to warrant exercise ratios will also be made post split.
Full details and guidance are available on Solocal’s website.
R. E.
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