(CercleFinance.com) – Navya announced Thursday that it had decided to use the authorization given by its shareholders to reduce the par value of each of its shares.
The specialist in autonomous mobility systems indicates that this operation, known as a capital reduction motivated by losses, will be implemented by reducing the nominal value of its shares, which will drop from 0.1 euro to 0.001 euro.
The operation also consists of enabling Navya to comply with one of the conditions for drawing OCABSAs which provides that the stock market price must not be less than 130% of the nominal value of the shares for a period of 20 sessions. consecutive.
This nominal reduction operation will be effective tomorrow when the Paris market opens.
Gathered in an extraordinary general meeting on December 5, the shareholders had approved in first resolution the principle of a capital reduction motivated by losses.
Navya shares lost just over 10% Thursday at midday on the Paris Stock Exchange.