Viridien Launches Reverse Share Split

Viridien, formerly CGG, has announced the commencement of a reverse share split. The split is based on an exchange of 1 new share, valued at €1.00, for 100 old shares, each valued at €0.01. This decision follows approvals from the Combined General Meeting of shareholders and the Board of Directors on May 15, 2024.

The reverse share split will begin on July 1, 2024, and span until July 30, 2024. Shareholders with multiples of 100 old shares will automatically receive new shares, while others must adjust their holdings in the market. The effective date for the new shares is July 31, 2024, with the old shares being delisted after July 30, 2024.

During the split period, the exercise of securities converting to company shares will be suspended. All the reverse share split transactions will be managed by Uptevia in Paris La Défense. For further information, shareholders can refer to the company's website.