Implementation of PRFC-R-A share reverse stock split
After the January 7th, 2019 deadline for shareholders to exercise their right to acquire or dispose of PRFC-R-A shares not divisible by one-thousand, the Company’s Supervisory and Management Boards determined that all conditions were met to proceed with the reverse stock split as decided by the Proficio d.d. General Assembly of November 20, 2018.
Accordingly, on January 18, 2019, the CDCC paid all those shareholders who exercised their right to sell their shares to the Company and transferred shares to all those shareholders who submitted the required contract to buy more shares.
Upon the Commercial Court’s registration of this restructuring, the CDCC will then formally implement the reverse stock split and insure payment of the due purchase price to all other shareholders for their incremental shares not divisible by one-thousand.