Viridien: Completion of Viridien reverse share split
July 31 2024 - 1:57AM
UK Regulatory
Viridien: Completion of Viridien reverse share split
Completion of Viridien (formerly CGG)
reverse share split
Paris, France – July 31, 2024
Viridien (the “Company”)
announces today the completion of the reverse share split of its
share capital on the basis of 1 new share of €1.00 nominal value
for 100 old shares of €0.01 nominal value (the “Reverse
Share Split”). Therefore, 716,146,563 old shares with a
nominal value of one cent of a euro (€0.01) each were exchanged for
7,161,465 new shares with a nominal value of one euro (€1)
each.
As of today, the old shares (ISIN code
FR0013181864) will be delisted and the new shares resulting from
the Reverse Share Split are tradeable on the Euronext Paris market
under a new ISIN code: FR001400PVN6.
The main terms and conditions of the Reverse
Share Split, as detailed in the initial notice of Reverse Share
Split and additional notice published respectively on June 14 and
June 26, 2024 in the Bulletin des Annonces Légales
Obligatoires, as well as in the press release published by
Viridien on June 27, 2024, are as
follows:
- Number of new
shares resulting from the Reverse Share Split: 7,161,465
shares
- Nominal value of
a new share: €1.00
- ISIN code of new
shares: FR001400PVN6
- Admission of the
Company's new shares for trading: July 31, 2024
- Ticker symbol of
the new shares (unchanged): VIRI
Shareholders holding a total number of shares
that is an exact multiple of 100 will need to take no action. These
shares have been automatically exchanged by their financial
intermediary on the basis of 1 new share (of €1.00 nominal value)
for each block of 100 old shares (of €0.01 nominal value).
Shareholders who were unable to obtain a number
of old shares that is a multiple of 100 will be compensated for
their fractional rights by their financial intermediary within a
maximum period of 30 days as from July 31, 2024, i.e. up to August
29, 2024 at the latest. Shareholders are invited to contact their
financial intermediary if they have any questions on this
subject.
It should be noted that the Reverse Share Split
is a share exchange transaction, with no impact on the overall
value of Viridien shares held by shareholders, with the exception
of fractional shares.
The Reverse Share Split was carried out in
accordance with the 15th resolution of the Combined
General Meeting of the shareholders of the Company of May 15, 2024,
as decided by the decision of the Chief Executive Officer on June
14, 2024, following the sub-delegation from the Board of Directors
on May 15, 2024 and pursuant to Articles L.228-6-1 and R.228-12 of
the French Commercial Code, and Article 6 of Decree no. 48-1683 of
October 30, 1948 setting out certain characteristics of
securities.
Upcoming transactions timeline:
July 31, 2024 |
Effective date of Reverse Share Split and first listing of the new
shares (ISIN code: FR001400PVN6) |
As from July 31, 2024 until August 29, 2024 |
Compensation of shareholders with fractional shares by their
financial intermediary |
August 5, 2024 |
Resumption of the exercise period for securities giving access to
the share capital |
About Viridien (formerly CGG):
Viridien (www.viridiengroup.com) is an
advanced technology, digital and Earth data company that pushes the
boundaries of science for a more prosperous and sustainable future.
With our ingenuity, drive and deep curiosity we discover new
insights, innovations, and solutions that efficiently and
responsibly resolve complex natural resource, digital, energy
transition and infrastructure challenges. Viridien employs around
3,500 people worldwide and is listed as VIRI on the Euronext Paris
SA (ISIN: FR001400PVN6).
Contact: Legal Department, 27 avenue
Carnot, 91300 Massy
- PR - completion of the reverse stock split -vF