RE: Every 1 old share we will have 2 new shares23 Nov 2022 12:18
Incorrect HellasVerona
The New Ordinary Shares created upon implementation of the Capital Reorganisation will have the same rights as the Existing Ordinary Shares including voting, dividend, return of capital and other rights.
The Deferred A Shares will not have any voting rights and will not carry any entitlement to attend general meetings of the Company; nor will they be admitted to trading on AIM or any other market. They will carry only a priority right to participate in any return of capital to the extent of €1 in aggregate over the class. In addition, they will carry only a priority right to participate in any dividend or other distribution to the extent of €1 in aggregate over the class. In each case a payment to any one holder of Deferred A Shares shall satisfy the payment required.
The Company will be authorised at any time to effect a transfer of the Deferred A Shares without reference to the holders thereof and for no consideration pursuant to and in accordance with the Companies Law. Accordingly, the Deferred A Shares will, for all practical purposes, be valueless and it is the Board's intention, at an appropriate time, to have the Deferred A Shares cancelled in accordance with the Companies Law.