news

  • 27 February 2019
    Launch of the reverse stock split of Genkyotex shares

    Genkyotex (Euronext Paris & Brussels: FR0011790542 – GKTX) a biopharmaceutical company and the leader in NOX therapies, today announced the launch of the reverse stock split, as approved by Genkyotex’ shareholders at the January 24, 2019 Extraordinary General Meeting. 

    This technical adjustment is purely arithmetical and has no impact on the value of Genkyotex shares held by the shareholders.

    Reverse stock split terms and conditions

    The reverse stock split process will start as of today, in accordance with the terms of the reverse stock split notice published on February 11, 2019 in the Bulletin des Annonces Légales Obligatoires (BALO).

    Genkyotex’ reverse stock split will become effective on March 29, 2019. All shareholders will automatically receive from their financial intermediary 1 new Genkyotex share with a par value of €1.00 and all rights pertaining to shares, in exchange for 10 existing Genkyotex shares with a par value of €0.10. The reverse stock split will thus reduce the number of outstanding common shares from approximately 79.3 million with a par value of €0.10 to approximately 7.9 million with a par value of €1.00.

    Shareholders who hold a total number of shares that is an exact multiple of 10 will not need to take any action, and the reverse stock split will be carried out automatically on March 29, 2019.

    Shareholders who do not hold a total number of shares that is an exact multiple of 10 must, between today and March 28, 2019 inclusive, deal with their fractional shares by purchasing or selling directly on the market the number of existing Genkyotex shares needed to obtain a multiple of 10. After March 28, 2019, shareholders who have been unable to obtain a number of shares that is an exact multiple of 10 will be compensated for their remaining fractional shares by their financial intermediary within 30 days from March 29, 2019.

    The existing Genkyotex shares (ISIN code: FR0011790542) will be delisted from Euronext and will be replaced by the new Genkyotex shares (ISIN code: FR0013399474) on March 29, 2019. The ticker will remain unchanged (GKTX).

    For more information on the operation, shareholders are invited to read the Reverse Stock Split notice dated February 11, 2019, on the BALO’s and the Company’s websites. Genkyotex’ Investor Relations team is available to answer any question by e-mail at genkyotex@newcap.eu. 

    All operations relating to Genkyotex’ reverse stock split will be managed by CIC – Centralisation et Domiciliation, 6 avenue de Provence, 75009 Paris, as the centralization agent.