Claranova adjusts conversion ratio of €28.99 million Ornanes

By Sarah Lizee

Olympia, Wash., Aug. 1 – Claranova informed holders of its €28.99 million five-year Ornanes that the conversion ratio has been changed to one-tenth of a share per Ornane, according to a press release.

The conversion ratio was previously one new share per Ornane.

The change is in effect from Aug. 1, the effective date of the Claranova reverse stock split approved at the extraordinary general meeting of shareholders of June 11.

Claranova is a Paris-based software company focused on digital printing, management of the Internet of Things and e-commerce.

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