Claranova Announces Share Exchange with No Dilution for Shareholders

Claranova has announced an exchange involving its subsidiary Avanquest Software's shares, held by Eric Gareau, traded for Claranova shares without dilution for current shareholders. This transaction, approved by the relevant committees on December 20, 2024, included a cash payment equating to 35% of Gareau's share value and a transfer of 560,945 existing Claranova shares. Importantly, no new shares were issued, avoiding dilution.

The shares given to Gareau originate from the company's treasury and liquidity contract with Kepler Cheuvreux. This move underscores Claranova's commitment to shareholder value.

To facilitate this exchange, Claranova decreased the liquidity contract shares by 427,015. As of December 23, 2024, the liquidity account held 28,982 shares and €127,996.48 in cash.