Brief: Ercros Approves Share Capital Reduction By 4.33%

Ercros SA

01/07/2022 07:30

July 1 (Reuters) - Ercros SA  ECR.MC :
    * ANNUAL GENERAL MEETING ("AGM") OF COMPANY APPROVED A
REDUCTION
OF SHARE CAPITAL BY AMOUNT OF EUR 1,311,614.40
    * CAPITAL REDUCTION THROUGH CANCELLATION OF 4,372,048 OWN
SHARES
HELD BY COMPANY IN TREASURY, OF A NOMINAL VALUE OF EUR 0.30,
REPRESENTING 4.33% OF THE SHARE CAPITAL
    * SHARES TO BE CANCELLED WERE ACQUIRED BY COMPANY IN
FRAMEWORK OF
SHAREHOLDER REMUNERATION POLICY FOR PERIOD 2021-2024
    * SHARE CAPITAL REDUCTION THROUGH CANCELLATION OF OWN SHARES
THAT
ERCROS OWNS IN TREASURY, SHAREHOLDERS AUTOMATICALLY WILL
INCREASE THEIR PERCENTAGE OF PARTICIPATION IN THE SHARE CAPITAL
    * AFTER OPERATION, SHARE CAPITAL OF ERCROS WILL REMAIN FIXED
AT
29.0 MILLION EUROS, CORRESPONDING TO 96,599,189 SHARES, OF 0.30
EUROS IN VALUE NOMINAL
    * CAPITAL REDUCTION TO BE MADE FROM VOLUNTARY OR FREE
RESERVES 
DISPOSITION, MAKING THE CORRESPONDING ENDOWMENT OF A RESERVE FOR
AMORTIZED CAPITAL
    * ALSO, SINCE SHARES TO BE CANCELLED ARE OWNED BY THE
COMPANY AT
THE TIME OF THE REDUCTION, THIS WILL NOT IMPLY THE RETURN OF
CONTRIBUTIONS

Source text for Eikon:  ID:nCNM9lM9cx 
Further company coverage:  ECR.MC 

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