Edition:
India

Valneva Confirms Repurchase Of About 18 Million Preferred Shares


Friday, 29 May 2020 

May 29 (Reuters) - VALNEVA SE ::VALNEVA CONFIRMS REPURCHASE OF PREFERRED SHARES IN ACCORDANCE WITH COMPANY'S ARTICLES.COMPANY ANNOUNCES IT WILL REPURCHASE ALL OF 17,836,719 PREFERRED SHARES AT THEIR NOMINAL VALUE OF ONE EURO CENT PER SHARE.HOLDERS DO NOT NEED TO TAKE ANY ACTION; PROCESS WILL BE IMPLEMENTED AUTOMATICALLY BY JUNE 10, 2020.IN ACCORDANCE WITH PARAGRAPH 5 IN SECTION 13.3 OF COMPANY'S ARTICLES, REPURCHASED SHARES WILL BE CANCELED AND COMPANY'S SHARE CAPITAL WILL BE REDUCED BY EUR 178,367.19.