MDxHealth Announces Completion of Share Consolidation, and Update of Outstanding Shares and Voting Rights
MDxHealth Announces Completion of Share Consolidation, and Update of Outstanding Shares and Voting Rights
- MDxHealth Announces Completion of Share Consolidation, and Update of Outstanding Shares and Voting Rights
IRVINE, CA, and HERSTAL, BELGIUM – November 13, 2023 – MDxHealth SA (NASDAQ/Euronext: MDXH) ("mdxhealth" or the "Company"), a commercial-stage precision diagnostics company, today announces that it completed the share consolidation with respect to all its outstanding shares by means of a 1-for-10 reverse stock split (the "Share Consolidation"), the details of which were announced by press release on November 6, 2023. - After close of trading on the regulated market Euronext Brussels, all 272,880,936 Company's shares (ISIN BE0003844611) were consolidated into a new and reduced number of 27,288,093 Company's shares (ISIN BE0974461940).
- In consequence, today, November 13, 2023, was the last trading day of the old 272,880,936 Company's shares (ISIN BE0003844611) on the regulated market of Euronext Brussels.
- As a result of the Share Consolidation, all Company's American Depositary Shares ("ADSs"), trading on Nasdaq, now represent one (1) new share (instead of ten (10) old share previously), and each holder of subscription rights issued by the Company now have to exercise subscription rights with respect to at least 10 Company's shares prior the Share Consolidation in order to subscribe for one Company's share after the Share Consolidation.