Meyer Burger Technology announces the timeline of the reverse share split in the ratio 750:1, which was approved by the Annual General Meeting held on June 25, 2024.
June 28, 2024: Last trading day of old shares (ISIN: CH0108503795) on SIX Swiss Exchange
July 1, 2024: First trading day of new shares (ISIN: CH1357065999) on SIX Swiss Exchange (ex-date)
The reverse share split may result in fractions of new registered shares for individual shareholders. This is the case if shareholders hold a number of Meyer Burger shares that is not divisible by 750 as of June 28, 2024 (after close of trading). Shareholdings below 750 old shares or the remainder of old shares exceeding an integer multiple of 750, i.e., in each case between 1 and 749 old shares, will be rounded down and settled in cash (in CHF). The compensation corresponds to the three-day volume-weighted average price (VWAP) of the Meyer Burger share on the SIX Swiss Exchange prior to the ex-date of the reverse share split.
The new shares issued following the reverse share split will have a new International Securities Identification Number (ISIN) while the existing shares held prior to the reverse share split will be canceled. Shareholders who wish to continue exercising their voting rights are requested to arrange for a re-registration in the Company’s share register.
04.07.2024, Meyer Burger
News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.