ST Dupont: Reduction of share capital motivated by losses by reduction of the par value of shares from 0.05 euros to 0.015 euros

(Boursier.com) — ST Dupont, held its extraordinary general meeting today with a quorum of 92.11%. The shareholders of the Company adopted, by a very large majority, the resolutions presented.
The shareholders thus adopted the reduction of the company’s share capital motivated by losses by reducing the par value of the shares from 0.05 euros to 0.015 euros. The amount of this reduction will be charged to the “retained earnings” account, the amount of which is consequently reduced from -33,566,433.27 euros to -536,821.41 euros.

At the end of this operation, the share capital increases from 47,185,159.80 euros to 14,155,547.94 euros divided into 943,703,196 ordinary shares with a par value of 0.015 euros each, all of the same category.

As this is a capital reduction carried out by reduction of the nominal value, it has no impact on the participation of shareholders in the share capital of the Company and on the share of shareholders in the equity.