Today, Fugro N.V. ("Fugro" or the "Company") announces that it has set the consolidation ratio for the Share Consolidation (as defined below) at 2 for 1.

The Company's extraordinary general meeting of shareholders that took place on 30 November 2020 (the "EGM") adopted a resolution pursuant to which the articles of association of the Company will be amended in order to consolidate the ordinary shares (the "Ordinary Shares") in the capital of the Company (the "Share Consolidation"). The purpose of the Share Consolidation is to increase the market value per Ordinary Share and certificate representing an Ordinary Share.

As a result of the Share Consolidation, 2 certificates representing Ordinary Shares (ISIN NL0000352565) will be consolidated into 1 certificate representing an Ordinary Share (ISIN NL00150004A7) (the "Consolidated Securities"). The Share Consolidation remains subject to any extraordinary circumstances. In connection with the Share Consolidation, the terms and conditions of administration for the certificates of Ordinary Shares shall be amended.


Trading in the Consolidated Securities will begin on 21 December 2020. The ticker symbol of the certificates representing Ordinary Shares will not change and will remain FUR.


Reference is made to the agenda of the EGM for a more detailed explanation on the consequences of the Share Consolidation for individual shareholders.


201216 Fugro press release - Fugro announces share consolidation ratio of 2 for 1.pdf