Brief: Vetropack To Modify Capital Structure, Plan Share Split

Vetropack Holding SA

17/03/2020 06:14

March 17 (Reuters) - VETROPACK HOLDING SA  VET.S :
    * LISTED BEARER SHARES ARE TO BE CONVERTED INTO CLASS A
REGISTERED
SHARES AND CURRENT REGISTERED SHARES ARE NOW TO BE DESIGNATED AS
CLASS B REGISTERED SHARES
    * 220,480 BEARER SHARES, EACH WITH A NOMINAL VALUE OF CHF
50, ARE
TO BE SPLIT AT A RATIO OF 1:50 INTO 11,024,000 BEARER SHARES,
EACH WITH A NOMINAL VALUE OF CHF 1
    * 880,000 REGISTERED SHARES, EACH WITH A NOMINAL VALUE OF
CHF 10,
ARE TO BE SPLIT AT A RATIO OF 1:50 INTO 44,000,000 REGISTERED
SHARES, EACH WITH A NOMINAL VALUE OF CHF 0.20
    * CONVERSION AND RENAMING OF 11,024,000 BEARER SHARES, EACH
WITH A
NOMINAL VALUE OF CHF 1.00, INTO 11,024,000 CLASS A REGISTERED
SHARES, EACH WITH A NOMINAL VALUE OF CHF 1.00
    * RENAMING OF 44,000,000 REGISTERED SHARES, EACH WITH A
NOMINAL
VALUE OF CHF 0.20, INTO 44,000,000 CLASS B REGISTERED SHARES,
EACH WITH A NOMINAL VALUE OF CHF 0.20
    * CONVERSION OF 13,750,000 CLASS B REGISTERED SHARES, EACH
WITH A
NOMINAL VALUE OF CHF 0.20, AT A RATIO OF 5:1 INTO 2,750,000
CLASS A REGISTERED SHARES, EACH WITH A NOMINAL VALUE OF CHF 1.00

Source text for Eikon:  ID:nNDL6CK4x1 
Further company coverage:  VET.S 

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