Brief: Pharmasimple Says It Received Order To Suspend Stock Consolidation

Pharmasimple SA

11/11/2022 17:10

Nov 11 (Reuters) - Pharmasimple SA  ALPHS.PA :
    * UNILATERAL APPLICATION FOR SUSPENSION OF THE  OF THE SHARE
CONSOLIDATION
    * WAS SERVED ON NOVEMBER 10, 2022 BY AN ORDER OF THE
PRESIDENT OF
THE COURT OF HAINAUT, MONS DIVISION, UPON UNILATERAL REQUEST OF
SOME SHAREHOLDERS HOLDING IN TOTAL A LITTLE MORE THAN  MORE THAN
3% OF THE COMPANY'S SHARES
    * ORDER TO: SUSPEND, FOR A PERIOD OF SIX MONTHS FROM
NOVEMBER 10,
2022, THE 2022, THE DECISION OF THE EXTRAORDINARY GENERAL
MEETING OF SHAREHOLDERS OF THE SHAREHOLDERS OF THE COMPANY TO
CONSOLIDATE THE EXISTING SHARES EXISTING SHARES OF THE COMPANY
    * ORDER TO: SUSPEND ALL MEASURES, EVEN PREPARATORY ONES
RELATED TO
THE IMPLEMENTATION OF THE REVERSE STOCK SPLIT, UNDER PENALTY OF
A FINE OF EUR 500,000 PER VIOLATION
    * DECISION IS INTENDED TO AVOID EXCLUSION OF NUMBER OF
SHAREHOLDERS WHO WOULD BE MATERIALLY UNABLE TO PARTICIPATE IN
CONSOLIDATION BECAUSE THEY OWN TOO FEW SHARES
    * ORDERS THE COMPANY TO POST THE ORDER ON ITS WEBSITE AND TO
MAKE
PUBLIC A PRESS RELEASE TO INFORM THE MARKET OF THE SUSPENSION

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