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Viridien: share consolidation takes effect

(CercleFinance.com) - Viridien (ex CGG) announced on Wednesday that the reverse stock split of its share capital, on the basis of one new share for 100 old shares, had taken effect today.


As a result, the 716,146,563 old shares with a par value of one euro cent that made up its share capital have been exchanged for 7,161,465 new shares with a par value of one euro each.

It should be noted that the new shares resulting from the reverse stock split can be traded on the Euronext Paris market under a new ISIN code: FR001400PVN6.

The former CGC, whose market capitalisation has plummeted in recent years, points out that the reverse stock split was approved by its shareholders at the combined general meeting on 15 May.


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