Brief: Pharnext To Launch Reverse Stock Split

Pharnext SCA

03/10/2022 17:10

Oct 3 (Reuters) - Pharnext SA  PHARN.PA :
    * PHARNEXT ANNOUNCES A REVERSE STOCK SPLIT AND SUSPENSION OF
THE
RIGHT TO EXERCISE ALL THE SECURITIES GIVING ACCESS TO PHARNEXT'S
SHARE CAPITAL INCLUDING THE CONVERSIONS OF CONVERTIBLE BONDS
    * 1 NEW SHARE EQUALS 5,000 OLD SHARES
    * BEGINING OF REVERSE STOCK SPLIT OPERATION: MONDAY, OCTOBER
24,
2022
    * FIRST TRADING DAY FOR POST-REVERSE SPLIT SHARES:
WEDNESDAY,
NOVEMBER 23, 2022
    * SUSPENSION OF RIGHT TO EXERCISE ALL SECURITIES GIVING
ACCESS TO
PHARNEXT'S SHARE CAPITAL FROM FRIDAY, OCTOBER 21 TO TUESDAY
NOVEMBER 22, 2022 (BOTH INCLUDED)
    * THIS REVERSE STOCK SPLIT OPERATION AIMS AT REDUCING
PHARNEXT
SHARE PRICE VOLATILITY AND FOSTERING ITS STABILIZATION
    * REVERSE STOCK SPLIT OPERATION WILL BEGIN ON MONDAY,
OCTOBER 24,
2022, AND END ON TUESDAY, NOVEMBER 22, 2022

Source text for Eikon:  ID:nEQcdKwf0a 
Further company coverage:  PHARN.PA 
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