Vivoryon Therapeutics Completes Significant Capital Changes
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Vivoryon Therapeutics Completes Share Capital Reduction
Vivoryon Therapeutics N.V. (Euronext Amsterdam: VVY), a leading clinical stage biotechnology company, has successfully completed a significant share capital reduction. By reducing the nominal value of its shares from EUR 1.00 to EUR 0.01, the company aims to enhance its financial flexibility and attract new investment opportunities.
Approval and Implementation
The reduction, which was approved at the Company’s recent annual general meeting, reflects a strategic move endorsed by Vivoryon’s Board of Directors. Together, they recognized the necessity to adapt their capital structure to align with their ambitious growth plans. The formal creditor opposition procedure was conducted according to Dutch regulations, and with no objections raised, the capital reduction was successfully implemented.
Strengthening Financial Position
This reduction in nominal value is pivotal for Vivoryon Therapeutics. It is poised to not only simplify the share structure but also improve the Company’s capability to raise capital for pursuing mergers and acquisitions. Furthermore, this move facilitates the Company in providing equity awards, encouraging management and employees while also enhancing its overall equity composition.
Current Capital and Share Structure
Following the reduction, each share now holds a nominal value of EUR 0.01. Despite this adjustment, the total number of issued ordinary shares remains at 26,066,809. The EUR 0.99 reduction per share contributes positively to the Company’s distributable reserves, which is crucial for future growth initiatives.
About Vivoryon Therapeutics
Vivoryon Therapeutics specializes in the development of innovative small molecule-based treatments targeting diseases caused by pathological protein alterations. Their research is particularly focused on conditions like Alzheimer’s disease and fibrotic disorders, including kidney-related issues, all while striving to make significant advances in cancer therapeutics as well. They are dedicated to leveraging their expertise in post-translational modifications to create effective and transformative medications.
Contact Information for Stakeholders
For further inquiries, stakeholders can reach out to:
Investor Contact:
Vivoryon Therapeutics N.V.
Dr. Manuela Bader, Director IR & Communication
Tel: +49 (0)345 555 99 30
Email: IR@vivoryon.com
Media Contact:
Trophic Communications
Valeria Fisher
Tel: +49 175 8041816
Email: vivoryon@trophic.eu
Frequently Asked Questions
What is the recent capital reduction by Vivoryon Therapeutics?
The company has reduced the nominal value of its shares from EUR 1.00 to EUR 0.01 to improve its financial flexibility.
Why was the capital reduction implemented?
This change aims to attract new financing, facilitate M&A opportunities, and incentivize management and employees through equity awards.
How many shares are currently in circulation?
Vivoryon Therapeutics currently has 26,066,809 ordinary shares issued.
What impact does the capital reduction have on the company's reserves?
The EUR 0.99 per share reduction has been added to the Company's distributable reserves, strengthening its financial position.
Who can I contact for more information about Vivoryon's developments?
For investor relations, you can contact Dr. Manuela Bader at IR@vivoryon.com. For media inquiries, reach out to Valeria Fisher at vivoryon@trophic.eu.
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