The Vergnet Group decides on a capital reduction motivated by losses by reducing the nominal value of the company’s shares without any impact on the market value of the Company’s shares
Elms, July 13, 2023
The Vergnet Group announces that the Chief Executive Officer of Vergnet SA (“the Company”), by subdelegation granted by the Board of Directors at its meeting of July 11, 2023, making use of the delegation granted to him by the Générale des shareholders, has decided to reduce the share capital by reducing the par value of its shares.
The par value of each Company share is thus reduced from 0.011 euro to 0.003 euro and the share capital to 40,107 euros.
This purely technical operation has no impact on the market value of the Company’s shares, nor on the number of shares in circulation. Thus, following this operation, the share capital of the Company remains composed of 13,369,100 ordinary shares.
About Vergnet SA
The Vergnet Group, “a virtuous creator of energy independence since 1989”, has never ceased since its inception to enable its customers to control their energy production, despite difficult and even extreme geographical and climatic conditions.
French manufacturer of medium-power wind turbines and expert in the production of renewable energies (wind, solar, hybrid) on non-interconnected networks and with unique technologies, the Group has developed the Hybrid Wizard, a hybrid system that controls in real time the share of renewable energies injected into the electricity network by guaranteeing operational safety and security for island or isolated networks.
The Group has already installed 1,000 wind turbines and 402 MW of all energies combined. It is present in more than 50 countries and has 200 employees in 11 locations.
Vergnet has been listed on Euronext Growth since June 12, 2007.
CONTACT
Vergnet Group
Cyril Ledran
General director
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Full and original press release in PDF format:
https://www.actusnews.com/news/81002-2023-07-17-cp-reduction-nominal.pdf
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