You are here

Zenitel Financial Press Release banner

Zenitel announces details of 1-for-10 Reverse Stock Split

Pursuant to the Reverse Stock Split, all outstanding shares of the Company will be consolidated at the ratio of one (1) new share (ISIN BE0974311434) for ten (10) existing shares (ISIN BE0003806230). The last trading day for the existing shares of the Company will be 5 May 2017 and the Reverse Stock Split will become effective as of 10 May 2017.

The Reverse Stock Split was approved at the extraordinary general shareholders' meeting of the Company on 28 April 2017. The Company believes that the Reverse Stock Split is appropriate given the current stock price and the number of outstanding shares. With the reverse stock split the Company intends to rationalize the number of shares.

Read the full content in the following documents; 

English Press release | Dutch Press Release