(Boursier.com) — The group DBT recalls that the Board of Directors has decided to carry out a reduction in share capital by lowering the par value of its shares. The par value of each DBT share was thus reduced from 0.01 euros to 0.0001 euros. DBT will now carry out a consolidation of shares in order to “improve the image of the share price, reduce its volatility, promote its stabilization, in line with the group’s development strategy”.
In order to facilitate the completion of the consolidation operations, the board of directors has decided to suspend the ability to exercise the rights attached to all bonds convertible or exchangeable into new and/or existing shares (OCEANE) issued within the framework of of the financing contract concluded with European Select Sustainable Investments (ESSI) dated January 21, 2022. This suspension of OCEANE will come into force from November 15 (12:01 a.m., Paris time) until January 2, 2024 (11:59 p.m., Paris time). from Paris).
The number of shares subject to the consolidation is 4.6 billion shares (4,600,307,061) with a nominal value of 0.0001 each. The consolidation parity is 10,000 old shares with a par value of 0.0001 euros against 1 new share with a par value of 1 euro.
The number of new shares to result from the consolidation is therefore 460,030 shares with a par value of 1 euro each.
The consolidation period will extend from November 30, 2023 to January 2, 2024. The consolidation of shares will take effect on January 3.
Shares not consolidated at the end of the consolidation period will be delisted. The Old Shares subject to the consolidation are admitted to trading on the regulated market of Euronext Growth Paris under the ISIN code FR0013066750, until January 2, 2024, the last day of trading.
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