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4basebio AG: Implementation of the reverse stock split of 4basebio AG
Heidelberg (pta007/22.02.2021/07:30) - 4basebio AG announces further details on the upcoming reverse stock split. On November 3, 2020, the Extraordinary General Meeting of 4basebio AG resolved to reduce the Company s share capital from EUR 51,733,386.00 divided into 51,733,386 no-par value bearer shares, by EUR 45,985,232.00 to EUR 5,748,154.00. The share capital of the Company shall be reduced in accordance with the provisions on the ordinary capital reduction pursuant to Sections 222 et seq. AktG (German Stock Corporation Act) from EUR 51,733,386.00 by EUR 45,985,232.00 to EUR 5,748,154.00 at a ratio of 9:1 (in words: nine to one) for the purpose of allocating the amount of the reduction to the free capital reserve in accordance with Section 272 (2) No. 4 HGB. There will be no distribution to shareholders.