Chordate Medical announces timetable for consolidation of shares
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Hälsovård |
| Industri | Medicinteknik |
At the annual general meeting in Chordate Medical Holding AB (publ) (“Chordate” or the "Company") held on 15 May 2024, it was resolved to implement a consolidation of shares 1:500, meaning that five hundred (500) shares are combined into one (1) new share. The annual general meeting authorised the board of directors to determine the record date for the consolidation. The board of directors have, with support of the authorisation from the annual general meeting, decided that the record date shall be 30 August 2024.
The last day of trading in the Company's shares before the consolidation is 28 August 2024 and the first day of trading in the Company's shares after the consolidation is 29 August 2024. The Company's share price will thus reflect the effect of the consolidation from 29 August 2024. The consolidation will be carried out automatically by Euroclear Sweden AB, and shareholders do not need to take any measures.
Through the consolidation, the total number of shares in the Company will decrease from 490,111,500 to 980,223.
As a result of the consolidation, the Company's share will from 29 August 2024 change ISIN code. The new ISIN code for the Company's share is SE0022726139.
The shareholders in the Company will automatically receive a new, lower, number of shares in proportion to their shareholdings at the record date. Those shareholders whose shareholding, on the record date, is not evenly divisible by five hundred (500) will receive shares free of charge for their shareholding to be evenly divisible by five hundred (500). The distribution of shares takes place through Euroclear Sweden AB without additional measures needed to be taken by shareholders.