May 22, 2017 / 6:00 AM / 3 months ago

BRIEF-Econocom Group's EGM approved to split shares

May 22 (Reuters) - ECONOCOM GROUP SA:

* EGM APPROVED TO SPLIT SHARES OF GROUP INTO TWO SHARES IN ORDER TO REINFORCE ACCESSIBILITY AND LIQUIDITY OF SHARES

* EACH SHAREHOLDER WILL RECEIVE TWO NEW SHARES OF GROUP IN EXCHANGE OF EVERY SHARE HELD

* TO REIMBURSE THE ISSUE PREMIUM FOR EUR 0.20 PER SHARE

* NEWLY SPLIT SHARES TO BE LISTED ON EURONEXT BRUSSELS; PARTICIPATION OF EXISTING SHAREHOLDERS IN GROUP WILL NOT BE DILUTED

* BOARD OF DIRECTORS TO CONVENE AN EGM WITH AGENDA TO CANCEL 3 MILLION TREASURY SHARES (OR 6 MILLION AFTER SHARE SPLIT) OF 4,182,082 SHARES CURRENTLY HELD

* CANCELLATION TO TAKE PLACE BEFORE END OF 2017 Source text: bit.ly/2qMXFvv Further company coverage: (Gdynia Newsroom)

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