AMSTERDAM, 14 May 2025, 18:00 hrs CEST - Avantium N.V., a leading company in renewable and circular polymer materials, announces that its shareholders have approved all items on the agenda of today's Annual General Meeting (AGM). This includes the adoption of the Company's 2024 financial statements. Additionally, Tom van Aken has been re-appointed as a member of the Management Board, and Margret Kleinsman has been re-appointed as a member of the Supervisory Board. PricewaterhouseCoopers has been appointed as the external auditor for the financial year 2025. Furthermore, the shareholders approved a 1:10 share consolidation and designated the Management Board to issue ordinary shares up to the statutory maximum of the authorised share capital, and to limit or exclude pre-emptive rights in respect thereof, for a period of 18 months from the date of this AGM.
The AGM took place on Wednesday 14 May 2025 at Wicked Grounds, Schipluidenlaan 4, 1062 HE Amsterdam, the Netherlands. In total 24,842,236 shares, representing 28.57% of the total number of shares outstanding on the record date of the meeting, were represented at the AGM and voted on the resolutions.
Share consolidation and amendment of the Articles of Association of the Company
The AGM adopted the share consolidation 1:10 and the amendment of the Articles of Association of the Company. Avantium will consolidate 10 shares to 1. This means that 10 (ten) ordinary shares will be consolidated into 1 (one) ordinary share. The purpose of the share consolidation is to increase the market value per ordinary share. With the current share price, any change of only a few cents in the share price immediately translates to a significant percentage value change. Following the share consolidation, the resulting share price will be ten times the previous share price and trading liquidity may improve as a result.
As a result of the share consolidation: (i) 10 ordinary shares (ISIN: NL0012047823) will be consolidated into 1 ordinary share (ISIN: NL0015002IE0), (ii) the nominal value per ordinary shares changes from EUR 0.10 to EUR 1.00 and (iii) the number of shares outstanding changes from 86,960,115 to 8,696,012.
The relevant dates for the share consolidation are as follows:
• Last day of trading in the ordinary shares under the old ISIN: Monday 19 May 2025
• Trading in the consolidated ordinary shares commences under the new ISIN: Tuesday 20 May 2025
• Record time (17:40 CEST): Wednesday 21 May 2025
• Share consolidation effective: Thursday 22 May 2025
The ticker symbol of the ordinary shares will not change and will remain AVTX.
For shareholders who hold a number of shares not divisible by 10 the following will apply. No fractional shares will be issued. Fractional entitlements will be rounded down. All fractional entitlements will be aggregated into a whole number of shares and acquired by the Company. Avantium will sell these shares in the market, and remit the proceeds to the shareholders who would otherwise be entitled to the fractions. The approval of the share consolidation will also include the authorization of the Management Board of Avantium to perform this share acquisition.
For shareholders the share consolidation will be processed by the bank or broker where the shares are registered. In principle, shareholders shall not be required to pay any fee or commission for the execution of the share consolidation. Shareholders holding shares through a bank, broker or other nominee should note that such banks, brokers or other nominees may have different procedures for processing the share consolidation than those that would be put in place by Avantium for shareholders that hold such shares directly, and their procedures may result, for example, in differences in the precise cash amounts being paid in lieu of a fractional share. If you hold your shares with such a bank, broker or other nominee and if you have questions in this regard, you are encouraged to contact your bank, broker or nominee.
Read full press release:
https://newsroom.avantium.com/avantium-shareholders-adopt-all-resolutions-at-2025-annual-general-meeting-of-shareholders/
The AGM took place on Wednesday 14 May 2025 at Wicked Grounds, Schipluidenlaan 4, 1062 HE Amsterdam, the Netherlands. In total 24,842,236 shares, representing 28.57% of the total number of shares outstanding on the record date of the meeting, were represented at the AGM and voted on the resolutions.
Share consolidation and amendment of the Articles of Association of the Company
The AGM adopted the share consolidation 1:10 and the amendment of the Articles of Association of the Company. Avantium will consolidate 10 shares to 1. This means that 10 (ten) ordinary shares will be consolidated into 1 (one) ordinary share. The purpose of the share consolidation is to increase the market value per ordinary share. With the current share price, any change of only a few cents in the share price immediately translates to a significant percentage value change. Following the share consolidation, the resulting share price will be ten times the previous share price and trading liquidity may improve as a result.
As a result of the share consolidation: (i) 10 ordinary shares (ISIN: NL0012047823) will be consolidated into 1 ordinary share (ISIN: NL0015002IE0), (ii) the nominal value per ordinary shares changes from EUR 0.10 to EUR 1.00 and (iii) the number of shares outstanding changes from 86,960,115 to 8,696,012.
The relevant dates for the share consolidation are as follows:
• Last day of trading in the ordinary shares under the old ISIN: Monday 19 May 2025
• Trading in the consolidated ordinary shares commences under the new ISIN: Tuesday 20 May 2025
• Record time (17:40 CEST): Wednesday 21 May 2025
• Share consolidation effective: Thursday 22 May 2025
The ticker symbol of the ordinary shares will not change and will remain AVTX.
For shareholders who hold a number of shares not divisible by 10 the following will apply. No fractional shares will be issued. Fractional entitlements will be rounded down. All fractional entitlements will be aggregated into a whole number of shares and acquired by the Company. Avantium will sell these shares in the market, and remit the proceeds to the shareholders who would otherwise be entitled to the fractions. The approval of the share consolidation will also include the authorization of the Management Board of Avantium to perform this share acquisition.
For shareholders the share consolidation will be processed by the bank or broker where the shares are registered. In principle, shareholders shall not be required to pay any fee or commission for the execution of the share consolidation. Shareholders holding shares through a bank, broker or other nominee should note that such banks, brokers or other nominees may have different procedures for processing the share consolidation than those that would be put in place by Avantium for shareholders that hold such shares directly, and their procedures may result, for example, in differences in the precise cash amounts being paid in lieu of a fractional share. If you hold your shares with such a bank, broker or other nominee and if you have questions in this regard, you are encouraged to contact your bank, broker or nominee.
Read full press release:
https://newsroom.avantium.com/avantium-shareholders-adopt-all-resolutions-at-2025-annual-general-meeting-of-shareholders/
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