Reverse stock split of ordinary shares: composition of share capital and updated corporate by-laws
Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”) announces – pursuant to Article 85-bis of the Consob Regulation No. 11971/99 – the new composition of the share capital, fully subscribed and paid-in, as a result of the reverse split of IGD ordinary shares approved by the Extraordinary Shareholders’ Meeting held on 12 February 2018.
The reverse split will be carried out on 19 February 2018 at a ratio of No. 1 new ordinary share with no par value, regular entitlement and coupon No. 1 (ISIN Code IT0005322612), per No. 10 existing ordinary shares with no par value and coupon No. 18 (ISIN Code IT0003745889), after the cancellation of No. 1 ordinary share made available by Coop Alleanza 3.0 Soc. Coop. for the sole purpose of making the transaction numerically possible and without reducing the share capital.
The Company’s by-laws, as a result of the Extraordinary Shareholders’ Meeting, have been filed on 13 February 2018, and registered as of today, with the Companies’ Register of Ravenna. The new by-laws are available at the Company’s registered office, on the IGD’s website www.gruppoigd.it section Governance, as well as on the authorized storage system eMarket SDIR at the address www.emarketstorage.com and with the further modalities set by law.
The following table reports the current composition of the share capital as opposed to the previous share capital.
|Current share capital (*)||Previous share capital|
|Euro||No. of shares||Par value||Euro||No. of shares||Par value|