In order to increase the liquidity of the AKKA Technologies stock and permit new shareholders, and notably private individuals, to buy stock in the company, the Group has taken two major decisions:
- To allocate a bonus share for ten shares owned, which was done on 9 July last ;
- To permit a two-for-one stock split which will come into effect on 20 August.
The combined general meeting of shareholders on 28 June 2007 approved in its extraordinary session a two-for one stock split and as a consequence, the exchange of each of the outstanding share valued at 3,06 ¤ for two new shares of 1,53 ¤ each and with the same interest-bearing characteristics.
This two-for one stock split shall come into effect on 20 August 2007. As of this date, the number of shares making up the share capital will have doubled and the stock will be traded on the basis of a halved stock price.
This operation will be conducted at no cost and without any formalities or loss of rights to AKKA Technologies shareholders.
Next press release : First-half year revenue announced on 24 July after the trading day
About AKKA Technologies
AKKA Technologies, a high-technology and engineering Consultancy is providing guidance to industrial companies across the various stages of their projects, from R&D and design to assembly-line production.
With an established presence in Western Europe (France, Belgium, Germany, Italy, UK and Switzerland), AKKA Technologies through its expertise in complementary fields delivers real added value to industrial companies in every market segment: automotive, aeronautics, space/defense, consumer electronics, telecommunications, chemicals, pharmaceuticals, steelmaking energy, rail and is recognized as such by key clients in each of these segments.
Thanks to its high mobile teams and its global footprint, AKKA Technologies is capable of participating in cutting-edge projects across the world. At 31 March 2007, AKKA Technologies employed 2,822 staff.
AKKA Technologies is listed on EuronextTM Paris Eurolist - Compartment C - ISIN Code: FR0004180537.
Nicolas Valtille / CFO - Tel : +33 (0)4 78 92 60 83 - email@example.com
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