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Fugro announces share consolidation ratio of 2 for 1

Today, Fugro N.V. ("Fugro" or the "Company") announces that it has set the consolidation ratio for the Share Consolidation (as defined below) at 2 for 1.

16 Dec 2020   19:00 CET
Leidschendam, the Netherlands

The Company's extraordinary general meeting of shareholders that took place on 30 November 2020 (the "EGM") adopted a resolution pursuant to which the articles of association of the Company will be amended in order to consolidate the ordinary shares (the "Ordinary Shares") in the capital of the Company (the "Share Consolidation"). The purpose of the Share Consolidation is to increase the market value per Ordinary Share and certificate representing an Ordinary Share.

As a result of the Share Consolidation, 2 certificates representing Ordinary Shares (ISIN NL0000352565) will be consolidated into 1 certificate representing an Ordinary Share (ISIN NL00150004A7) (the "Consolidated Securities"). The Share Consolidation remains subject to any extraordinary circumstances. In connection with the Share Consolidation, the terms and conditions of administration for the certificates of Ordinary Shares shall be amended.

Trading in the Consolidated Securities will begin on 21 December 2020. The ticker symbol of the certificates representing Ordinary Shares will not change and will remain FUR. 

Reference is made to the agenda of the EGM for a more detailed explanation on the consequences of the Share Consolidation for individual shareholders.

 

Cautionary Statement

Neither this announcement nor any part of it is an offer to sell or a solicitation of any offer to buy any securities issued by Fugro N.V. (the “Company”) in the United States of America, Canada, Japan, Australia or any other jurisdiction.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered, sold, pledged, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States.

This announcement contains forward-looking statements, which reflect the Company’s current views, expectations, assumptions and information regarding future events and financial and operational development. Without limitation, any statements including words such as “intend”, “expect”, “anticipate”, "target", “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual results, performance or events may differ materially from those described in forward-looking statements. Neither the Company, the Joint Global Coordinators and the Joint Bookrunners nor any of their respective affiliates assumes any obligations to update any forward-looking statements.

 

 

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Media

Edward Legierse
Contact

+31 (0) 70 31 11147

Investors

Catrien van Buttingha Wichers
Contact

+31 (0) 70 31 15335

 

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