Leuven, Belgium – 7 February– 7:30 CET, Crescent NV, Geldenaaksebaan 329, 3001 Heverlee (Euronext Brussels: OPTI)
Crescent announces that an extraordinary general meeting of shareholders (hereinafter ‘EGM’) will be held at the end of March 2025. The notice with full details will follow.
At this meeting, shareholders will be asked to approve the following proposals:
- Reverse Stock Split or reverse stock split
The Company proposes to consolidate the outstanding shares through a share regrouping at a ratio of 1,000:1 whereby every 1,000 existing shares will be converted into one new share. The purpose of this measure is to promote the marketability and liquidity of the shares, stabilise the share price and increase its attractiveness to investors. Positions of old shares which cannot be consolidated in a whole number of new shares wlll be added together and will be sold to VAN ZELE HOLDING NV at 0.01€ per old share.
- Warrant plan
The Company proposes to approve a warrant plan granting the right to selected directors and management members to purchase shares in the Company at €0.01 for five years after offering (or at 10€ after aforementioned share regrouping). This price is the average Vwap at January 31 of the last 30 trading days and will also be the price at which fractions of the old shares will be remunerated. This plan is intended to motivate and commit key stakeholders to the long-term vision and growth of the Company.
- Renewal of the authorised capital authorization
The proposal to authorise the Board of Directors with regard to the authorised capital concerns a renewal of the authorisation granted to the Board of Directors by the Extraordinary General Meeting of 31 March 2021, whereby the Board of Directors, receives the authorisation to increase the subscribed capital of the Company on one or more occasions by an amount not exceeding fourteen million ninety thousand one hundred and fifty-five euros and fifty-three eurocents (EUR 14,090,155.53).
- Change of director
Serval BV, permanently represented by Mr Convent, has indicated its wish to terminate its mandate. The Board of Directors has decided to co-opt Geistesblizz GmbH, permanently represented by Ms Eva Wimmers in its place and proposes to have its appointment as a director approved by the general meeting.
The notice and other documents relating to the general meeting will be made available on the company’s website (https://www.crescent-ventures.com/investor-relations/).
Trading update:
Crescent further confirms that the 2024 revenue in continuing operations has increased by 20% compared to the previous financial year and in line with the first semester); as a result, EBITDA year on year improves substantially.
CONTACT
Edwin Bex
Geldenaaksebaan 329
B-3001 Leuven, Belgium
TEL: +32 (0) 16 31 74 11
E-mail: investor@option.com
www.crescent-ventures.com
