SOMFY SA (EPA:SO) - Somfy / Division of the share par value
Transparency directive : regulatory news
28/06/2017 17:40
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PRESS RELEASE28 JUNE 2017
DIVISION OF THE SHARE PAR VALUE
As announced in the press release dated 24 May 2017, the Management Board's
decision to divide the par value of the shares comprising the Company's share
capital by five will take effect on the next opening of trading.
This will result in the cancellation of the 7,400,000 existing shares, to be
replaced by the issue of 37,000,000 new shares, listed on Euronext under ISIN
code FR 0013199916.
The share par value will thus be reduced from EUR1.00 to EUR0.20, and the share
price will adjust automatically.
A further impact of the transaction is that the maximum purchase price provided
for as part of the current share buyback programme authorised by the General
Meeting of 17 May 2017 will be reduced from EUR600 to EUR120.
CORPORATE PROFILE
Somfy Group is the global leader in opening and closing automation for both
residential and commercial buildings, and a key player in the connected home.
CONTACTS
Somfy: Pierre Ribeiro: +33 (0)4 50 40 48 49 - Emilie Mathelin:
+33 (0)4 50 96 71 01
Shan: François-Xavier Dupont: +33 (0)1 44 50 58 74 - Diane de Brisis:
+33 (0)1 47 03 47 36
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