Free allocation of new shares for existing shareholders
Following the authorization given by the Annual General Meeting of June 22, 2018, SQLI's Board of Directors, which met on July 18, 2018, has approved a capital increase through the incorporation of sums drawn from the company’s Share premium account resulting in the free allocation to shareholders of 1 new share for 40 existing shares held at the close of trading on Friday July 27, 2018.
The operation was first announced in principle on the publication of SQLI’s yearly results for 2017*.In accordance with new regulations, the ex-date for the new shares will be Monday July 30, 2018 and the payment date will be Wednesday August 1, 2018.
Furthermore:
- All shares acquired before the close of trading on Friday July 27, 2018 will be eligible for the allocation.
- New shares will be eligible for dividends from January 1, 2018.
- Shareholders may decide whether new shares are issued in registered or bearer form.
- New shares will be admitted for trading on Euronext Paris on the same line as existing shares (FR0011289040 - SQI).
Following the operation, the company’s share capital as noted by the Board of Directors on July 18, 2018 of €3,454,272 divided into 4,317,840 shares will increase by €86,356.80 (2.5%) through the issue of 107,946 new shares.
Following the authorization given by the Annual General Meeting of June 22, 2018 in resolution eighteen, rights representing fractional shares may not be traded or sold. Fractional shares will be sold and the accounts of holders credited with a whole number of shares derived from the sale in proportion to their rights and no later than 30 days from the last registration date.
Transactions will be centralized by CACEIS whose registered offices are located at 14 Rue Rouget de Lisle, 92130 Issy-les-Moulineaux.
*See press release of March 29, 2018