Pixium Vision announces the completion of the reverse stock split of its shares on the basis of 1 new share for 50 existing shares and the start of trading of the shares resulting after the completion of the reverse split as of Sep 21, 2023

 

Pixium Vision announces the completion of the
reverse stock split of its shares on the basis of
1 new share for 50 existing shares
and the start of trading of the shares resulting after the completion of the reverse split as of September 21, 2023

 

• Reverse stock split through the exchange of 50 existing shares for 1 new share
• First trading day for post-reverse stock split shares is September 21, 2023
• Resumption of the right to exercise all the securities giving access to Pixium Vision's share capital as of September 21, 2023
• Confirmation of the cash runway of the Company until the end of November 2023

 

Paris, France, September 20, 2023 – 6:00 p.m. (CET ) – Pixium Vision SA (Euronext Growth Paris - FR0011950641; Mnemo: ALPIX), a bioelectronics company developing innovative vision systems to enable patients who have lost their sight to live more independent lives, announces today the completion of the reverse stock split, as decided by its Board of Directors on July 27, 2023 on the basis of 1 new share with a par value of 1 euro for 50 existing shares with a par value of 0.02 euro, as authorized at the Extraordinary Shareholders' Meeting under the Second Resolution on March 8, 2023.

The main terms of the reverse stock split are as follows:

• Number of shares covered by reverse stock split: 154,019,600 shares (number of shares adjusted in particular following (i) the conversion of 20 Notes on August 10, 2023 prior to the suspension period, resulting in the issue of 5,000,000 new shares, (ii) the waiver to a total number of 543 free shares – definitively acquired and subject to a holding period – for which the holders have waived their fractional shares and compensation related thereto, and (iii) the waiver to 43 shares that a shareholder has agreed, in connection with the reverse stock split)
• Number of shares resulting from the reverse stock split: 3,080,392 shares
• ISIN of post-reverse split shares: FR001400JX97
• Mnemonic code of the new shares: ALPIX (unchanged)

Shareholders who could not hold a multiple of 50 existing shares will be automatically compensated of their fractional shares by their financial intermediary within 30 days, subject to any waiver to such fractional shares and compensation related thereto.