Paris – January 10, 2024 – Vantiva (Euronext Paris: VANTI), today announced the completion of a reserved capital increase of €87,558,034.85 paid up by debt set-off.
On January 9, 2024, the Chief Executive Officer, pursuant to the sub-delegation of authority granted to him by the Company’s Board of Directors on December 19, 2023, itself pursuant to the fourth resolution of the Company’s Combined General Meeting of December 19, 2023, duly acknowledged the completion of a share capital increase in the nominal amount of €1,347,046.69, through the creation and the issuance of 134,704,669 new ordinary shares with a par value of €0.01 each and a total issue premium of €86,210,988.16, paid up by offsetting receivable, with preferential subscription rights waived in favor of CommScope.
This operation enabled the issuance of 134,704,669 new shares at a unit price of €0.65.
The new shares issued will be assimilated to existing shares and would be admitted to trading on Euronext Paris on January 11, 2024, on the same quotation line as existing shares under ISIN code FR0013505062. Following this operation, Vantiva’s share capital will stand at €4,901,364.11, divided into 490,136,411 shares with a par value of one cent of euro (€0.01), listed on the Euronext Paris market.
Pushing the Edge
Vantiva shares are admitted to trading on the regulated market of Euronext Paris (VANTI).
Vantiva, formerly known as Technicolor, is headquartered in Paris, France. It is an independent company which is a global technology leader in designing, developing and supplying innovative products and solutions that connect consumers around the world to the content and services they love – whether at home, at work or in other smart spaces. Vantiva has also earned a solid reputation for optimizing supply chain performance by leveraging its decades-long expertise in high-precision manufacturing, logistics, fulfillment and distribution. With operations throughout the Americas, Asia Pacific and EMEA, Vantiva is recognized as a strategic partner by leading firms across various vertical industries, including network service providers, software companies and video game creators for over 25 years. The group’s relationships with the film and entertainment industry goes back over 100 years by providing end-to-end solutions for its clients.
Following the acquisition of CommScope’s Home Networks in January 2024, Vantiva continues its 130-year legacy as a global leader in the connected home market.
Vantiva is committed to the highest standards of corporate social responsibility and sustainability across all aspects of their operations.
For more information, please visit vantiva.com and follow Vantiva on LinkedIn and Twitter.