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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pixium Vision Sa | LSE:0QVB | London | Ordinary Share | FR001400JX97 | PIXIUM VISION ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 102.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Med, Dental, Hosp Eq-whsl | 1.96M | -10.31M | -0.1488 | -0.20 | 2.08M |
Pixium Vision announces the completion of the reverse stock split of its shares on the basis of 1 new share for 50 existing shares and the start of trading of the shares resulting after the completion of the reverse split as of September 21, 2023
Paris, France, September 20, 2023 – 6:00 p.m. (CET ) – Pixium Vision SA (Euronext Growth Paris - FR0011950641; Mnemo: ALPIX), a bioelectronics company developing innovative vision systems to enable patients who have lost their sight to live more independent lives, announces today the completion of the reverse stock split, as decided by its Board of Directors on July 27, 2023 on the basis of 1 new share with a par value of 1 euro for 50 existing shares with a par value of 0.02 euro, as authorized at the Extraordinary Shareholders' Meeting under the Second Resolution on March 8, 2023.
The main terms of the reverse stock split are as follows:
Shareholders who could not hold a multiple of 50 existing shares will be automatically compensated of their fractional shares by their financial intermediary within 30 days, subject to any waiver to such fractional shares and compensation related thereto.
All operations relating to the reverse stock split will be carried out on Euronext Growth Paris via Société Générale Securities Services, 32 rue du Champ de Tir, CS 30812, 44308 Nantes Cedex 3, appointed as agent to centralize the reverse stock split operations.
The terms and timetable of the reverse stock split were set out in a press release published on July 28, 2023. A notice was published in the French legal notice gazette (Bulletin des annonces légales obligatoires or BALO) on August 4, 2023 (no. 93).
After the market close today and as a result of the reverse stock split, the Chief Executive Officer has adjusted the exercise parity of the securities giving access to Pixium Vision's share capital (Warrants, US 2021 Warrants, HCW Warrants, Options and Free shares - except for the Notes 1) and specified that the number of new shares (with a par value of 1 euro) that may be (i) subscribed, or (ii) allocated free of charge as a result of the definitive acquisition of Free Shares, will be rounded down to the nearest whole number for each holder of these securities, unless otherwise contractually agreed.
After Pixium Vision the announcement of a shareholder loan of €3 million from Bpifrance Participations and Sofinnova Capital VII on July 28, 20232, the Company confirms the cash runway until the end of November 2023. The Company continues to actively seek financing options to support its strategic ambitions.
About Pixium Vision
Pixium Vision is creating a world of bionic vision for those who have lost their sight, enabling them to regain visual perception and greater autonomy. Pixium Vision’s bionic vision systems are associated with a surgical intervention and a rehabilitation period. Prima System sub-retinal miniature photovoltaic wireless implant is in clinical testing for patients who have lost their sight due to outer retinal degeneration, initially for atrophic dry age-related macular degeneration (dry AMD). Pixium Vision collaborates closely with academic and research partners, including some of the most prestigious vision research institutions in the world, such as Stanford University in California, Institut de la Vision in Paris, Moorfields Eye Hospital in London, Institute of Ocular Microsurgery (IMO) in Barcelona, University hospital in Bonn, and UPMC in Pittsburgh, PA. The Company is EN ISO 13485 certified and qualifies as “Entreprise Innovante” by Bpifrance.
Forward-Looking Statements. This press release contains certain forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated. For a discussion of risks and uncertainties which could cause the Company's actual results, financial condition, performance or achievements to differ from those contained in the forward-looking statements, please refer to the Risk Factors (“Facteurs de Risques”) section of the Company’s 2022 Annual Financial Report and other documents the Company files with the AMF, which is available on the AMF website (www.amf- france.org) or on the Company’s website.
For more information: http://www.pixium-vision.com/fr
Follow us on @PixiumVision; www.facebook.com/pixiumvision
www.linkedin.com/company/pixium-vision
Contacts
Investor RelationsPixium VisionOffer NonhoffChief Financial Officerinvestors@pixium-vision.com | Media Relations Rose Piquante ConsultingSophie BaumontSophie.baumont@rosepiquante-consulting.com+33 6 27 74 74 49 |
1 These adjustments do not apply to the Notes insofar as the Notes give the right to subscribe to a variable number of shares determined by a calculation formula using the market price of the shares on the day of calculation. Consequently, there is no need to adjust the exercice parity.2 Refer to the press release of July 28, 2023 above
Attachment
1 Year Pixium Vision Chart |
1 Month Pixium Vision Chart |
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