Eckert & Ziegler BEBIG

IMPLEMENTATION OF THE REVERSE STOCK SPLIT OF THE ECKERT & ZIEGLER BEBIG SA SHARES AND BENEFICIARY SHARES / MERGER BY ACQUISITION OF THE COMPANY BRACHYSOLUTIONS SPRL

Press release
REGULATED INFORMATION
27 September 2016, 5:45 pm

A - implementation of the reverse stock split of the eckert & ziegler bebig sa shares and beneficiary shares

The board of directors of Eckert & Ziegler BEBIG SA has decided to implement the reverse stock split of the shares and beneficiary shares (Class A and Class B) of Eckert & Ziegler BEBIG SA, in accordance with the resolution passed by the extraordinary shareholders' meeting held on 9 June 2016, with a ratio of one new share/beneficiary share (ISIN BE0974300320) for ten existing shares/beneficiary shares (ISIN BE0003689032). It will take effect on 10 November 2016.

The reverse stock split is in line with Eckert & Ziegler's wish to rationalise the number of shares and beneficiary shares in circulation to take account the price evolution observed over recent years, and the low level at which the price currently stands (EUR 0,75 on 27 September 2016 at 9:07).

Indeed, the transaction should amongst other things enable to limit the price volatility, since the very low unit level necessarily results in excessive volatility and to restore a more appropriate proportional relationship between the price of the share and the lump sum fees that are being applied by financial institutions for the holding, managing, transfer and sale of shares.

Modalities of the reverse stock split

The reverse stock split relates to all existing shares and beneficiary shares (Class A and Class B) of Eckert & Ziegler BEBIG SA and will be implemented under the same terms for all holders of securities.

	Situation before the reverse stock split	Situation after the reverse stock split
Number of outstanding shares	23,300,000	2,330,000
ISIN Code	BE0003689032	BE0974300320
Number of outstanding beneficiary shares A	5,000,000	500,000
Number of outstanding beneficiary shares B	25,000	2,500

Record Date

The Record Date, i.e., the date on which, after closing of trading on Euronext Brussels, positions are recorded in order to identify the amount of securities subject to the reverse stock split, is 9 November 2016.