Novabase has reported this Monday that as of July 27, the capital reduction operation decided in May will be carried out, after which the nominal value of the company’s shares will be 1.05 euros.
Following the announcement made to the market on June 29, 2022, Novabase — Sociedade Gestora de Participações Sociais, SA (“Novabase”) informs that, on July 27, 2022″, the operation of “ Reduction of the share capital of Novabase, in accordance with the agreement of the General Meeting of May 24, 2022 and in the terms that are communicated to the market in a timely manner, ”says the statement sent to the Securities Market Commission (CMVM).
The same information detailed that, as a result of this operation, “the nominal value of all the shares representing Novabase’s share capital is 1.05 euros.”
Also on July 27, 2022, the operation of “payment of the amounts corresponding to the part of the capital reduction intended for direct attribution to shareholders“, for a gross amount of 0.43 euros per share.
In the statement sent to the market, Novabase also informs that as of July 25, 2022 (inclusive), the shares representing the capital stock “will be traded on the market already with the new nominal unit value (that is, 1.05 euros) and without the right to said payment”.
On June 29, Novabase presented to the Conservatória the capital reduction operation from 54.6 million euros to 32.9 million euros, for a total of 21.6 million euros.
In the note then published by the Securities Market Commission, the company indicated that “in compliance with the agreements reached by the general meeting held on May 24, 2022, under the terms duly communicated to the market, Novabase submitted the registration to the Registry Mercantil Office, the operation to reduce its share capital, from 54,638,425.56 euros to 32,971,463.70 euros, with the overall amount of the reduction being 21,666,961.86 euros.
The purpose of this operation is to cover losses and release excess capital to be carried out through the decrease in the value of all shares from 1.74 euros to 1.05 euros.
Source: Observadora
