(Boursier.com) — The biotechnology company Abivax SA announces the reset of the conversion/exchange ratio of bonds convertible/exchangeable into new and/or existing shares (OCEANEs) maturing in 2026 for a nominal amount of 24,999,975.99 euros, issued by Abivax SA (ISIN FR0014004PT4).
Holders of OCEANEs are informed of the terms and conditions of the OCEANEs and of the occurrence of a reset date, January 30, 2023. The conversion/exchange ratio is adjusted from 1 to 1.176 with an effective date of January 30, 2023 , i.e. a reduction in the implicit conversion/exchange price of the OCEANEs from 38.19 euros per share to approximately 32.47 euros per share. The number of underlying shares thus increases from 654,621 to 769,834 shares.
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