Zelluna ASA Announces Reverse Share Split Details and New ISIN

Important Announcement from Zelluna ASA

Zelluna ASA has made a significant announcement regarding its corporate actions aimed at enhancing shareholder value. As part of this effort, the company, identified by its ticker symbol Oslo:ZLNA, is implementing a reverse share split that operates on a 10:1 basis. This strategic decision aims to streamline the company’s capital structure while ultimately benefiting its shareholders.

Details of the Reverse Share Split

The extraordinary general meeting, which took place recently, resolved that a reverse share split would occur. This decision is crucial for the company's future and aligns with its mission to provide value to its shareholders. The notable elements surrounding the reverse share split include:

• Date of public announcement: The action was first made known on December 19, 2024, just before the meeting.
• Approval date: The reverse split was officially approved on January 9, 2025, during the extraordinary general meeting.
• Reverse split ratio: For every ten old shares, shareholders will receive one new share, thereby decreasing the overall share count and increasing the value per share.
• Last trading day with old shares: March 31, 2025, will be the last opportunity for shareholders to trade the existing shares.
• Ex-dividend date: The new share structure will take effect on April 1, 2025. This means that any trades on this date and forward will involve the newly created shares.
• Record date: April 2, 2025, is set as the record date for the shareholders listed at that time.

ISIN Change Information

In conjunction with the reverse share split, Zelluna ASA will also transfer its shares to a new International Securities Identification Number (ISIN), which is an important identifier for trading and handling of securities. The key aspects of the ISIN change are as follows:

• Current Issuer: Zelluna ASA.
• Old ISIN: Previously, the ISIN for the company was NO 001 0851603.
• New ISIN: The newly assigned ISIN will be NO 001 3524942.
• Date of ISIN change: The transition to the new ISIN will also take effect on April 1, 2025.

Contact Information for Shareholders

The company's Chief Financial Officer, Hans Vassgård Eid, is available to address any queries or concerns regarding these changes. Shareholders and interested parties may reach him via email at hans.eid@zelluna.com or by phone at +47 482 48632.

About Zelluna ASA

Zelluna ASA is on a mission to transform cancer treatment by developing therapies that are not only effective but also safe and accessible on a global scale. Their innovative approach combines the strongest features of the immune system, especially through T cell receptor (TCR) guided natural killer (NK) cell therapies, known as TCR-NK. This novel platform has the potential to detect a wide variety of tumors, overcoming the limitations currently faced in cell therapies. Their leading program targets MAGE-A4 to treat multiple solid tumors and supports a comprehensive pipeline of future therapies.

Frequently Asked Questions

What is the purpose of the reverse share split by Zelluna ASA?

The reverse share split aims to enhance the company's share value and streamline its capital structure, benefiting shareholders.

When will the new ISIN for Zelluna ASA come into effect?

The new ISIN will take effect on April 1, 2025, coinciding with the reverse share split.

How will shareholders be affected by the reverse share split?

Shareholders will exchange ten old shares for one new share, preventing any downwards rounding of shares.

Who can I contact for more information about Zelluna ASA’s corporate actions?

Shareholders can reach out to CFO Hans Vassgård Eid via email or phone for any inquiries regarding the changes.

What innovative therapies is Zelluna ASA developing?

Zelluna ASA is pioneering TCR-NK therapies, which have the capability to overcome challenges presented by diverse tumors, aiming to provide transformative cancer treatments.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.