Oxurion Share Consolidation
Oxurion Share Consolidation
Leuven, BELGIUM – July 25, 2024 – 06:00 PM CET Oxurion NV (Euronext Brussels: OXUR) (the Company), a biopharmaceutical company based in Leuven, announced today that its Board of Directors, authorized by the General Meeting of July 24, 2024, will proceed with a consolidation of all existing shares. This consolidation will be carried out at a ratio of one (1) new share for ten thousand (10,000) existing shares.
This share consolidation is a strategic step to increase the nominal value of the shares, simplify the capital structure, and improve the liquidity of shares in the market. Oxurion is enthusiastic about this new phase, which aligns with its long-term growth strategy and sustainable value creation for its shareholders. This initiative reflects its commitment to an optimal financial structure and its confidence in the solidity and future potential of Oxurion.
Anticipated benefits of the consolidation:
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Improved market perception: A higher nominal value can contribute to an enhanced perception of the shares by the market.
- Reduced volatility: Shares with a higher nominal value tend to be less volatile, thus stabilizing the Company’s market presence.
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Transaction optimization: Simplifies transactions and management of shares for investors and analysts.
Details of the consolidation:
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Consolidation ratio: 1 new share for 10,000 existing shares.
- Number of shares subject to consolidation: 13,362,647,372 shares.
- ISIN code of old non-consolidated shares: BE0003846632.
- Number of shares resulting from the consolidation: 1,336,265 shares.
- ISIN code of new consolidated shares: BE0974487192
- Operation schedule:
CONSOLIDATION OPERATION | |
Last trading day of old shares (code ISIN BE0003846632) |
September 2, 2024 |
Effective date of consolidation operations: Delisting of old shares (code ISIN BE0003846632) First trading of new shares under code: ISIN BE0974487192/ Mnémonic |
September 3, 2024 |
Record date | September 4, 2024 |
Delivery date of new shares (Payment date) |
September 5, 2024 |
MANAGEMENT OF OLD SHARES FORMING FRACTIONAL SHARES | |
Acquisition or sale of old shares by shareholders | Between July 26, 2024, and August 30, 2024 (included) |
Start date for compensation of fractional shares by financial intermediaries | September 6, 2024 |
End date for compensation of fractional shares by financial intermediaries | September 30, 2024 |