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Share consolidation at European Medical Solutions
On December 20, 2024, European Medical Solutions (EMS) announced the implementation of a share consolidation, scheduled for December 31, 2024. This operation was decided by the Board of Directors, in accordance with the resolution voted at the Extraordinary General Meeting in June 2024.
The consolidation involves 352 existing shares for one new share, aimed at streamlining the number of shares outstanding. The move is expected to limit share volatility and improve the relationship between share price and bank fees.
The new shares will be allocated to shareholders without requiring any formalities on their part. In the case of shares not being multiples of 352, financial compensation based on the average price will be paid. This compensation will be distributed at the end of January 2025.
R. H.
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