(AOF) – Spineway, specialist in innovative implants for the treatment of severe spinal pathologies (spine), has decided to implement a consolidation of the shares making up its share capital, at the rate of 1 new share against 2,000 old ones. Taking into account the exchange parity adopted, as a result of the consolidation, the number of shares in circulation will be divided by 2,000. The par value of the Spineway share will be increased proportionally to the consolidation parity and will go from 0.002 euros to 4.00 euros.
This grouping aims to reduce the volatility of the Spineway share price and promote its stabilization and thus better reflect the Group’s development prospects.
“This regrouping has no impact on the amount of the share capital, only the par value of the share and, concomitantly, the number of shares in circulation are modified,” explains Spineway.
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