ONE GLOBAL GROUP
Somfy operates in 59 countries and is the world leader in automatic controls for openings and closures in homes and buildings. It offers a range of motorized solutions and control points and is a key player in smart home systems.
12/03/2024
La Fondation Somfy
Organization
22/01/2018
Commitment
Finance
News & media
27/05/2020
DIVISION OF THE SHARE PAR VALUE
28/06/2017 - 17:35 CET
PRESS
RELEASE
28 JUNE 2017
DIVISION OF THE SHARE PAR VALUE
As announced in the press release dated 24 May 2017, the Management Board's decision to divide the par value of the shares comprising the Company's share capital by five will take effect on the next opening of trading.
This will result in the cancellation of the 7,400,000 existing shares, to be replaced by the issue of 37,000,000 new shares, listed on Euronext under ISIN code FR 0013199916.
The share par value will thus be reduced from €1.00 to €0.20, and the share price will adjust automatically.
A further impact of the transaction is that the maximum purchase price provided for as part of the current share buyback programme authorised by the General Meeting of 17 May 2017 will be reduced from €600 to €120.
/ CORPORATE PROFILE
Somfy Group is the global leader in opening and closing automation for both residential and commercial buildings, and a key player in the connected home.
/ Contacts
Somfy
Pierre Ribeiro: +33 (0)4 50 40 48 49 - Emilie Mathelin: +33 (0)4 50 96 71 01
Shan
François-Xavier Dupont: +33 (0)1 44 50 58 74 - Diane de Brisis: +33 (0)1 47 03 47 36