Brief: Spineway Implements Reverse Stock Split

Spineway SA

26/07/2022 07:32

July 26 (Reuters) - SPINEWAY SA  ALSPW.PA :
    * LAUNCH OF A SPINEWAY SHARE CONSOLIDATION
    * BOARD DECIDED TO IMPLEMENT REVERSE STOCK SPLIT OF
SPINEWAY'S
SHARE CAPITAL AT RATE OF ONE (1) NEW SHARE TO BE ISSUED FOR
FORTY THOUSAND (40 000) EXISTING SHARES TO BE CONSOLIDATED
    * PURPOSE OF THIS CONSOLIDATION IS TO REDUCE VOLATILITY OF
SPINEWAY'S SHARE PRICE, PROMOTE ITS STABILIZATION AND THUS
BETTER REFLECT GROUP'S DEVELOPMENT PROSPECTS
    * THIS CONSOLIDATION HAS NO IMPACT ON AMOUNT OF SHARE
CAPITAL,
ONLY PAR VALUE OF SHARE AND, CONCOMITANTLY, NUMBER OF SHARES IN
CIRCULATION ARE MODIFIED

Source text for Eikon:  ID:nGNEbJv7y 
Further company coverage:  ALSPW.PA 

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