Atos launches a reverse stock split
07 Março 2025 - 3:30AM
UK Regulatory
Atos launches a reverse stock split
Press release
Atos launches a reverse stock
split
Paris, France - March 7, 2025.
– Atos SE (the “Company”) announces the
implementation of a reverse stock split of the shares comprising
its share capital, through the exchange of 10,000 old shares of
€0.0001 par value for 1 new share of €1.00 par value.
Given the number of Atos shares issued during
the capital increases carried out as part of the Company’s
accelerated safeguard plan and the low share value, the reverse
stock split aims to restore a normal number of shares, reduce share
price volatility and support a new stock market dynamic.
The reverse stock split is a purely technical
exchange transaction with no direct impact on the total value of
the Company’s shares held by each shareholder.
For example, for a shareholder holding 30,000
shares before the operation:
|
Before the reverse stock split
(until April 23, 2025) |
After the reverse stock split
(from April 24, 2025) |
Number of shares |
30,000 |
3 |
Indicative value of the share (1) |
€0.0049 |
€49 |
Portfolio value (2) |
€147 |
€147 |
(1) Value at the close
of trading on March 6, 2025.
(2) Excluding price fluctuations.
Frequently Asked Questions (FAQ) relating to the reverse stock
split are available on the Company’s website in the “Investors”
section. |
Main terms and conditions of the reverse
stock split
Following delegation of powers by the
shareholders’ combined General Meeting of January 31, 2025
(29th resolution), the Board of Directors, at its
meeting on March 6, 2025, decided on the terms and conditions of
the reverse stock split, which are detailed below.
- Start date of the reverse
stock split operations: March 25, 2025.
- Effective date of the
reverse stock split: April 24, 2025.
- Basis of the reverse stock
split: exchange of 10,000 ordinary shares with a par value
of 0.0001 euro each for 1 new share with a par value of 1 euro and
current dividend rights.
- Number of old shares
subject to the reverse stock split: 190,229,952,668 shares
with a par value of 0.0001 euro.1
- Number of new shares to be
issued as a result of the reverse stock split: 19,022,995
shares with a par value of 1 euro.1
- Exchange period:
30 days from the start date of the reverse stock split, i.e. from
March 25 (inclusive) to April 23, 2025 (inclusive).
- Whole shares: the
conversion of old shares into new shares will be carried out
automatically (procédure d’office).
- Fractional shares:
shareholders who do not hold a number of old shares corresponding
to a whole number of new shares must personally purchase or sell
fractional old shares, in order to obtain a multiple of 10,000
until April 23, 2025 inclusive.
After this period, shareholders who have not
been able to obtain a number of shares that is a multiple of 10,000
will be compensated by their financial intermediary in accordance
with Articles L. 228-6-1 and R. 228-12 of the French Commercial
Code and market practice.
Old shares that have not been consolidated will
be delisted at the end of the reverse stock split period.
- Rights attached to the
shares: the new shares will carry immediate voting rights.
At the end of the reverse split period, shares that have not been
consolidated will lose their voting rights and will no longer be
included in the calculation of the quorum, and their rights to
future dividends will be suspended.
- Centralization:
all transactions relating to the reverse stock split will be
carried out by Société Générale Securities Services, 32 rue du
Champ de Tir, CS 30812, 44308 Nantes Cedex 3, appointed as agent
for the centralization of reverse stock split transactions.
Pursuant to Articles L. 228-6-1 and R. 228-12 of
the French Commercial Code and in accordance with the decision of
the Board of Directors held on March 6, 2025, at the end of a
period of thirty days from March 25, 2025, the new shares that
could not be allocated individually and correspond to fractional
rights will be sold on the stock market by the account holders, and
the proceeds of the sale will be allocated in proportion to the
fractional rights of each rights holder.
The old shares subject to the reverse stock
split will be admitted to trading on the Euronext regulated market
in Paris under ISIN code FR0000051732, until the last day of
trading on April 23, 2025. The new shares resulting from the
reverse stock split will be admitted to trading on the Euronext
regulated market in Paris from April 24, 2025, the first day of
trading, under ISIN code FR001400X2S4.
- Suspension of the exercise
of securities giving access to the share capital: the
exercise of share subscription warrants issued by the Company (the
“BSA”) is suspended from March 17, 2025 to April
27, 2025 (inclusive).
- Adjustment of the exercise
parity for BSA and free share allocation rights: following
the reverse stock split, the BSA exercise parity and free share
allocation rights under the Company’s current free share allocation
plans will be adjusted to take account of the reverse stock split,
in accordance with the terms and conditions applicable to each of
the instruments concerned.
A notice of reverse stock split and suspension
of the right to exercise share subscription warrants will be
published in the Bulletin des Annonces Légales
Obligatoires (BALO) on March 10, 2025.
Reverse stock split indicative
timetable
March 10, 2025 |
Publication of the notice of reverse stock split in the BALO and of
the notice of suspension of share subscription warrants (BSA) |
March 17, 2025 |
Start of the period of suspension of exercise of the BSA |
March 25 to April 23, 2025 |
Exchange period: shareholders can buy and sell shares to manage
fractional shares |
From March 26, 2025 |
Suspension of DSS (Deferred Settlement Service) for old
shares |
April 23, 2025 |
Last day of the exchange period and last trading day for old
shares |
April 24, 2025 |
Effective date of the reverse stock split and first day of
trading of the new shares |
April 24 to May
25, 2025 |
Compensation period for shareholders with fractional rights through
their financial intermediaries |
April 28, 2025 |
Restart of the period of suspension of exercise of the BSA |
***
About Atos
Atos is a global leader in digital
transformation with c. 78,000 employees and annual revenue of
c. €10 billion. European number one in cybersecurity, cloud
and high-performance computing, the Group provides tailored
end-to-end solutions for all industries in 68 countries. A pioneer
in decarbonization services and products, Atos is committed to a
secure and decarbonized digital for its clients. Atos is a SE
(Societas Europaea), and listed on Euronext Paris.
The purpose of Atos is to help design
the future of the information space. Its expertise and services
support the development of knowledge, education and research in a
multicultural approach and contribute to the development of
scientific and technological excellence. Across the world, the
Group enables its customers and employees, and members of societies
at large to live, work and develop sustainably, in a safe and
secure information space.
Contacts
Investor relations: David Pierre-Kahn
| investors@atos.net | +33 6 28 51 45 96
Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67
Individual shareholders: +33 8 05 65 00 75
Press contact: globalprteam@atos.net
1 The number of shares resulting from the
reverse stock split may be adjusted in the event that holders of
securities giving access to the share capital exercise their rights
outside the period of suspension of their right to do so. The
definitive number of shares resulting from the reverse split will
be recorded by the Board of Directors or by the Chairman and Chief
Executive Officer at the end of the reverse split.
- AtosSE_PR_LaunchReverseStockSplit_EN_vfinal
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