CybAero implements a reverse split 10:1
CybAero will implement a reverse split, in accordance with the decision made at the Extraordinary General Meeting on August 24, 2017. The reverse split means that each ten existing shares will be aggregated into one new share (10:1). After the reverse split the number of shares in the company will amount to 6 112 729, with the quotient value of SEK 4.
Due to the reverse split, the ISIN code for CybAero’s shares will change to SE0010414250, effective from 20 September 2017.
With the support of the authorization granted at the Extraordinary General Meeting, the following dates have been set by the Board for the reverse split:
• The last date that shares can be traded before the split is September 19, 2017.
• The first day that shares can be traded after the reverse split is September 20, 2017.
• The record day for the reverse split, is September 21, 2017.
The reverse split will be automatically carried out by Euroclear. Shareholders will not need to take any action.
Michael Auerbach, Chairman of the Board
Telephone: 013-465 29 00
The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on September 18 2017.
CybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) for safer and more effective aerial operations in various environments, including those hazardous in nature. The company has made a great international impact with its APID One helicopter, which can be adapted for both military and civilian applications such as coastal and border surveillance, search and rescue missions, and mapping. CybAero’s head office is located in the Mjärdevi Science Park in Linköping, Sweden. The company has around 45 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.