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Zenitel NV (ZENT.BR)

ZENT.BR on Brussels Stock Exchange

13.93EUR
28 Jul 2017
Change (% chg)

€-0.02 (-0.14%)
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389
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Latest Key Developments (Source: Significant Developments)

Zenitel updates on reverse stock split
Wednesday, 10 May 2017 02:11am EDT 

May 10 (Reuters) - Zenitel NV :REVERSE STOCK SPLIT WILL BE IMPLEMENTED ON MAY 10, 2017 WITH A RATIO OF ONE NEW SHARE FOR TEN EXISTING SHARES.EXCESS SHARES WILL BE CONSOLIDATED BY BANK DEGROOF PETERCAM.NEW SHARES RESULTING FROM THIS CONSOLIDATION WILL BE BOUGHT BACK BY ZENITEL NV.THE NET PROCEEDS OF THE SALE OF THOSE NEW SHARES WILL THEN BE ALLOCATED PROPORTIONALLY BETWEEN THE HOLDERS OF FRACTIONAL SHARES.THIS VOLUME WEIGHTED AVERAGE PRICE PER SHARE AMOUNTS TO 1.52683 EUR ($1.66).PERIOD TO DETERMINE THIS VOLUME-WEIGHTED AVERAGE PRICE, TO WHICH ZENITEL NV WILL REPURCHASE, ENDED ON 5 MAY 2017.THE HOLDERS OF FRACTIONS OF EXISTING SHARES WILL THEREFORE BE ALLOCATED A CASH AMOUNT OF 1.52683 EUR FOR EACH EXISTING SHARE THAT DO NOT CORRESPOND TO A MULTIPLE OF TEN.FOR REGISTERED SHAREHOLDERS, PAYMENT TO BE MADE AS FROM 24 MAY 2017, PROVIDED THAT BANK DEGROOF PETERCAM HAS COMPREHENSIVE BANKING DETAILS OF REGISTERED SHAREHOLDERS.  Full Article

Zenitel to propose 10-to-1 reverse stock split
Wednesday, 15 Mar 2017 03:00am EDT 

Zenitel NV : Announces intention to propose to the extraordinary general meeting of April 28, 2017 a reverse stock split with a ratio of ten existing shares to one new share Further company coverage: [ZENT.BR] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Zenitel FY net profit from continuing operations up at 2.6 million euros
Friday, 17 Feb 2017 02:15am EST 

Zenitel NV : FY revenue 63.5 million euros ($67.7 million) versus 66.5 million euros year ago . FY EBITDA 4.8 million euros versus 4.9 million euros year ago . FY net profit from continuing operations was 2.6 million euros, against 2.2 million euros last year. .Although there are indications of increased investments in the oil and gas industry because of the higher oil prices, we remain prudent, believing that the global economic environment remains uncertain in 2017.  Full Article

Zenitel deliveres equipment as part of Norwegian ferry contract
Tuesday, 24 Jan 2017 02:04am EST 

Zenitel NV :Have delivered safety communications and entertainment equipment as part of Norway`s largest ferry contract.  Full Article

Zenitel H1 EBITDA jumps 50+ pct to 2.4 mln euros
Wednesday, 10 Aug 2016 02:05am EDT 

Zenitel NV : H1 revenue amounted to 34.2 million euros, in line with last year's 34.4 million euros for the continuing operations . H1 EBITDA is 2.4 million euros, 55.3 percent higher than last year . H1 net profit of is 1.1 million euros for continuing operations against 0.8 million euros last year . "Company is impacted by reduced investments in the oil & gas market that are expected to continue for at least another twelve months" . Expects full year results to be in line with comparable 2015 results Further company coverage: [ZENT.BR] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Zenitel sells its Caribbean network operation to Curacao Growth Fund
Tuesday, 3 Nov 2015 02:04am EST 

Zenitel NV:Announces that it has signed a share sale agreement with the Curacao Growth Fund to sell 100 percent of the shares in Zenitel Caribbean B.V.  Full Article

Zenitel awarded Statoil frame agreements for Johan Sverdrup
Thursday, 8 Oct 2015 04:00am EDT 

Zenitel NV:Announces frame agreement with Johan Sverdrup, one of the five largest oil fields on the Norwegian continental shelf.Says to have won frame agreement for PAGA Bulk and will provide high quality speakers from DNH and Bartec Flashing Beacons.Frame agreements will run until 2020 and include option for Statoil to utilize agreements for deliveries to Johan Castberg field.  Full Article

BRIEF-Zenitel updates on reverse stock split

* REVERSE STOCK SPLIT WILL BE IMPLEMENTED ON MAY 10, 2017 WITH A RATIO OF ONE NEW SHARE FOR TEN EXISTING SHARES

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