Following the adoption of Resolution 17, at the combined ordinary and extraordinary shareholders' general meeting of July 26, 2018, Wavestone announces the division by 4 of the par value of its shares.
This division of the par value will be effective at market opening on September 4, 2018. When this operation takes place, the ISIN Code of Wavestone shares will be changed to FR0013357621. The mnemonic code will, however, remain unchanged: WAVE.
Shares that are more accessible and potentially more liquid
The 5,049,123 current shares, with a par value of €0.10, will be replaced by 20,196,492 new shares with a par value of €0.025. Total share capital remains unchanged at €504,912.30.
As a result of this change, on September 4, at stock market opening, a shareholder holding one share in Wavestone will hold 4 new shares at a share price that has been divided by 4 compared to the price at market closing the previous day. This operation involves no cost or action on the part of Wavestone shareholders
With this operation, Wavestone's goal is to make its shares more accessible and increase their liquidity. By doing this, the company confirms the importance it places on stock market strategy and shareholder relations.
Timetable for the operation
- Monday, September 3: The last trading day for current shares under the ISIN code FR0004036036 and modification of their mnemonic (WAVET)
- Tuesday, September 4: Delisting of the existing shares, and listing of the new shares under the ISIN code FR0013357621 and the mnemonic code WAVE
- Thursday, Septembre 6: The date for payment of new shares into shareholder accounts
Next financial communication: November 6, 2018 (after stock market closing): H1 2018/19 revenue.
About Wavestone
In a world where understanding transformation is the key to success, Wavestone's ambition is to provide its clients with advice that is unique in the market, enlightening and guiding them in their most strategic decisions.
Wavestone draws on some 2,800 employees in 8 countries. It is a leading independent player in European consulting, and the number one in France.
Wavestone is listed on Euronext, Paris, and is eligible for the PEA-PME (a French investment instrument that encourages individuals to invest in smaller and intermediate-sized firms). Wavestone is recognized as a Great Place to Work®.
| Wavestone Pascal Imbert CEO Tel.: +33 (0)1 49 03 20 00 Sarah Lamigeon Communications Director Tel.: +33 (0)1 49 03 20 00 |
Actus Mathieu Omnes Investor and Analyst Relations Tel.: +33 (0)1 53 67 36 92 Nicolas Bouchez Press relations Tel.: +33 (0)1 53 67 36 74 |