Our Group Our commitments Shareholders and Investors Talents Media FR EN Home Shareholders and Investors GET SA archives GET SA share consolidation GET SA share consolidation Share consolidation Since 12 November 2007, Groupe Eurotunnel is consolidating its shares at a ratio of 1 new share for every 40 existing shares. The goal is to extricate the company from its unenviable status as a “Penny stock”, i.e. those companies whose shares are worth less than €1 in order to: limit share speculation and volatility; better reflect the group’s strengths and opportunities; enable the creation of shareholder value. In simple terms, how does the consolidation work? Since 12 November, your usual financial intermediary has automatically consolidated your shares for you. Option 1: you already hold a number of shares that is a multiple of 40 (eg 1,240 existing shares would give you 31 consolidated shares): you do not need to do anything. Option 2: your holding does not constitute an exact multiple of 40. You may simplifiy the process by purchasing the number of shares you need to round up your holding to the next multiple of 40 or to sell the surplus shares to round down to the nearest multiple of 40, so that your entire holding can be consolidated. Option 3: you hold Crest Depository Interests (“Share CDI”) each representing one share. The process is identical except for the CDI which do not form an exact multiple of 40 for which you could round up or down your holding only before 12 November 2007. Sale and purchase of CDIs. In order for a broker to purchase any form of security (shares, bonds, warrants, CDIs etc..) on your behalf, it is necessary for an account to be opened in your name, the opening of which requires similar checks to the opening of a bank account. Whereas the sale of securities may be carried out without funds being credited to the account (account charges may be deducted from proceeds of sale), it is unlikely that a broker would purchase securities on your behalf without cleared funds being in the account.CDI holders who do not have an account already opened with a broker, may find that the time required to effect the formalities of opening the account and for funds to clear, particularly where cheques are used, means that it is no longer possible for them to acquire additional CDIs between now and 12 November 2007. Eurotunnel wrote to CDI holders as soon as the decision to consolidate the shares in Groupe Eurotunnel SA was taken advising them to consider their position without delay. Since 12 November, your consolidated shares and, as the case may be, your old non-consolidated shares (which were not an exact multiple of 40), are listed on two separate lines. This does not apply to CDI. NB. Please ensure that any purchase instructions you may give clearly relate to GET SA and not to TNU. Before giving any sale/purchase orders, please remember: 1. to consider the whole of your holding, whether you hold them in bearer or registered form; and 2. to check with your financial intermediary the amount of any transaction or brokerage fee, as well as any account charges applicable following the consolidation, so as to determine your investment strategy accordingly. To find out more about the practicalities of consolidation The press releases The special “Consolidation” edition of Eurotunnel on Track The answers to the most frequently asked questions about share consolidation by Groupe Eurotunnel SA shareholders The news release issued on 10 October 2007 The translation (for information only) of the full text of the legal notice published in the Bulletin des Annonces légales Obligatoires – BALO (French “Gazette”) on 10 October 2007 Euronext notice published on 5 November 2007 Share consolidation contacts Here are all the contacts you need to assist you in the consolidation exercise: If you are a bearer shareholder: If you are a registered shareholder with BNP2S: If you hold Crest Depositary Interests (CDI): For any general enquiry Receive the news from the Group SUBSCRIBE NOW! Follow us Group's websites Le Shuttle Cars and coaches Le Shuttle Freight Truck Shuttles Europorte Rail freight ElecLink Electrical interconnector CIFFCO Railway training Samphire Hoe Nature reserve Legal Information Cookies Policy Sitemap Cookies © Getlink 2021 Getlink uses essential cookies to make its website work and would like to use statistics cookies only to optimise the performance and functionalities of its website and measure traffic. You consent to our cookies if you click on ‘Allow all cookies’. To set up cookies, turn them on or off. For more information, click on Cookies policy and the privacy notice for Getlink website. ALLOW ALL COOKIES DENY ALL COOKIES MANAGE COOKIES