The company has confirmed that its reverse stock split will be effective today, 20th July, with an exchange of 1 new share for every 25 old shares following the approval of a technical reduction. The operation increases the nominal value of each share from 0.05 to 1.25 euros without altering the share capital. Shareholders with titles that are not multiples of 25 will receive a cash compensation for the remaining fractions.
After this reduction, the share capital will be set at 113.8 million euros, divided among 2.276 billion shares with a nominal value of 0.05 euros each. Subsequently, Amper will proceed to group and cancel all existing shares for their exchange for new titles at a rate of one new share for every 25 old ones. This will result in a total of 91.04 million shares with a nominal value of 1.25 euros per title, without altering the total share capital.
Shareholders whose number of shares is not a multiple of 25 will be able to adjust their position by buying or selling titles; otherwise, Banco Santander will acquire the excess on behalf of the Company, at the closing price of 17th July and at no additional cost to the shareholder. remaining.
