Bernin (Grenoble), France, 8 February 2017 –
Soitec (Euronext Paris), a world leader in generating and manufacturing
revolutionary semiconductor materials, today announces that the reverse
split of its shares has taken effect, as approved by its Combined
General Shareholders' Meeting held on 25 July 2016.
This reverse
stock split involved the exchange of 20 old shares with par value of €
0.10 each for 1 new share with par value of € 2.00.
Terms and
conditions of this reverse stock split are described in the notice
published in the Bulletin des Annonces Légales Obligatoires on 23
December 2016 and in the press release dated 9 January 2017 (available
on the Company’s website at the following link :
https://www.soitec.com/en/investors).
Share capital of the
Company amounting to € 60,623,020 is now divided into 30,311,510
ordinary shares of € 2.00 par value each, including 5,572 self-owned
shares.
Today, first listing day under ISIN FR0013227113, the
market price of the new share (mnémonic “SOI”) was € 38.00 when Euronext
Paris market opened.
The old shares listed under ISIN FR0004025062 have been delisted.
In
accordance with articles L. 228-6-1 and R. 228-12 of the French
Commercial Code, the new shares that may not have been individually
allotted and corresponding to the rights attached to odd lots will be
sold on the market by the financial intermediaries and the proceeds of
such global sale shall be proportionally allotted to the rights attached
to odd lots held by their owners. The latter shall then be directly
indemnified by their financial intermediaries within 30 days of this 8
th day of February 2017.
Soitec confirms that its new shares are
eligible for the long-only Deferred Settlement Service (DSS) (also known
as “Service de Règlement Différé Long Seulement” in French language),
and for the PEA-PME plan governed by the French implementing decree no.
2014-283 of 4 March 2014.
The Company reminds that the new share
attribution ratio of the bonds convertible and/or exchangeable into new
or existing shares (also known as “OCEANEs” in French language) issued
on 18 September 2013 and due on 18 September 2018 (ISIN FR0011566793,
mnémonic « YSOIA ») is 0,066 share for 1 OCEANE.
About Soitec
Soitec
(Euronext, Tech 40 Paris) is a world leader in designing and
manufacturing innovative semiconductor materials. The company uses its
unique technologies and semiconductor expertise to serve the electronics
markets. With more than 3,000 patents worldwide, Soitec’s strategy is
based on disruptive innovation to answer its customers’ needs for high
performance, energy efficiency and cost competitiveness. Soitec has
manufacturing facilities, R&D centers and offices in Europe, the
U.S. and Asia.
Follow us on Twitter: @Soitec_EN
Soitec reverse stock split has taken effect
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