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Barco NV
Share Issue/Capital Change • Jul 8, 2020
3911_rns_2020-07-08_bd8b3c44-5534-45ab-9f27-fe0e7d8bf425.pdf
Share Issue/Capital Change
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Barco Stock split
Kortrijk, Belgium, 24 June 2020, 07:30 am – At Barco's Extraordinary General Meeting, of 30 April 2020, the shareholders have approved the share split by a factor seven (7), effective as of 1 July 2020. The purpose of the share split is to enhance accessibility and to improve the liquidity of the Barco share.
As a result of this share split, Barco's total capital shall be represented by 91,487,438 shares as from 1 July 2020. Each of these shares confers one voting right at the General Meeting.
The new split shares (please note: new ISIN code BE0974362940) will be traded on the Euronext Brussels regulated market from 1 July 2020 onwards.
For all information about the practical modalities of the share split, please refer to the information document accompanying this press release.
About Barco
Barco designs technology to enable bright outcomes around the world. Seeing beyond the image, we develop visualization and collaboration solutions to help you work together, share insights, and wow audiences. Our focus is on three core markets: Enterprise (from meeting, classroom and control rooms to corporate spaces), Healthcare (from the radiology department to the operating room), and Entertainment (from movie theaters to live events and attractions). In 2019, we realized sales of 1.083 billion euro. We have a global team of 3,600 employees, whose passion for technology is captured in 400 granted patents.
For more information, visit us on www.barco.com, follow us on Twitter (@Barco), LinkedIn (Barco), YouTube (BarcoTV), or like us on Facebook (Barco).
© Copyright 2020 by Barco
For more information, please contact:
Carl Vanden Bussche, VP Investor Relations +32 56 26 23 22 or [email protected]
APPENDIX
BARCO's STOCK SPLIT 7:1 WITH EFFECT FROM 1 JULY 2020 Information document with practical modalities for the shareholder
Share split
As of 1 July 2020, in exchange for each current Barco share, each Barco shareholder, based on his position on 30/06/2020, receives seven (7) new Barco shares.
Stock market listing
The new split share with ISIN code BE0974362940 will be listed on the Euronext Brussels exchange as of 1 July 2020. The old securities will no longer be listed or negotiable from that date.
Form
The new securities exist, according to the shareholder's preference, in either dematerialised form in a securities account with a financial institution or as registered shares in the company's register of shareholders.
Effect following share split
Seven times more Barco shares enter into circulation due to the split. The company's capital is therefore represented by 91,487,438 shares following the operation.
| Euronext Brussels | Before the operation | From 1 July 2020 | ||
|---|---|---|---|---|
| Share ticker: BAR | ISIN code | Number of shares | ISIN code | Number of shares |
| BE0003790079 | 13,069,634 | BE0974362940 | 91,487,438 |
Effect on the value of the share on the market
Since, when the market opens on 1 July 2020, the value of the price of the share is only technically divided by seven and simultaneously the total number of shares is multiplied by seven, this operation has no effect on the overall value of the shares held by the shareholders.
From now on, the results per share as well as the dividends will be adjusted in order to obtain comparable figures.
Practical terms of the split for the shareholder:
A holder of an old share obtains in exchange seven (7) new Barco shares in accordance with the following terms:
- For a shareholder with dematerialised securities in a securities account Each old Barco share held in a securities account on date 30/06/2020 with a financial institution will be automatically exchanged for seven new shares on 01/07/2020.
2. For a shareholder with registered securities
IBAN BE49 3850 5234 2071 BBRUBEBB | VAT BE 0473.191.041 | RPR Gent, Section Kortrijk
Each old share registered in the company's register of shareholders on 30/06/2020 will automatically be exchanged for seven new shares without any cost for the holder of registered shares. Barco will provide each holder of registered shares with a new share certificate dated 1 July 2020 mentioning the shareholder's name and total number of new shares registered in the company's register of shareholders. This new certificate annuls and replaces the former certificate issued to the shareholder mentioning the number of old shares.
www.barco.com
PRESS RELEASE – REGULATED INFORMATION
Payment of dividends
Future dividends are paid automatically for shares held in a securities account or registered in the company's register of shareholders.
Contact
For questions concerning this operation, shareholders can contact: their financial intermediary or Barco NV - Carl Vanden Bussche, VP Investor Relations +32 56 26 23 22 or [email protected]
