Jul 17, 2012. Gascogne has decided to reduce the par value per share from Euro 15 to Euro 5 in order to take into account the evolution in share price.

包装纸&板

Gascogne to reduce the par value per share from Euro 15 to Euro 5

Jul 17, 2012. /Lesprom Network/. Gascogne has decided to reduce the par value per share from Euro 15 to Euro 5 in order to take into account the evolution in share price, as the company said in the press release received by Lesprom Network. This purely technical operation results in a reduction of share capital of Euro 19,939,630 allocated to a share premium account. It will have no impact on the shareholders’ equity amount nor on the number of Gascogne shares in issue, the company said. Gascogne group is the only French player fully integrated throughout the entire chain of the wood-paper-conversion sector. It has four complementary divisions: Gascogne produces wood products, natural machine glazed kraft paper, industrial and consumer sacks and laminates for packaging and protection applications.