The Board of Directors of Makheia Group, meeting yesterday, decided to propose to the General Meeting to be held on June 30, 2022, a reverse stock split of the company’s shares with a view to its completion within 18 months.
This operation would result in the exchange of 10 existing shares with a nominal value of €0.10 for 1 new share with a nominal value of €1.
This consolidation aims to enable the Group to reconnect with a stock market price that is more in line with market standards and investor expectations, and to reduce the share’s excessive volatility.
This consolidation is a technical adjustment which has no impact on the total amount of the company’s capital, nor on the value of the portfolio of securities held by the shareholders.
It aims to reduce the volatility of the stock market which is increased for shares trading at a level below €1.