Thomson Resources Limited (ASX: TMZ) Announces Consolidation Timetable
Consolidation Overview
Thomson Resources Limited (ASX: TMZ) has announced a revised timetable for its proposed 12:1 consolidation at the annual general meeting. The company will seek approval for this consolidation through Resolution 5 during the meeting today.
Key Dates
The indicative dates for the consolidation process are as follows: The lodgement of Appendix 3A.3 is scheduled for 29 November 2024, coinciding with the meeting to approve the consolidation. The effective date of the consolidation will be 2 December 2024, with the last day for trading in pre-consolidation securities on 3 December 2024. Trading in post-consolidation securities will commence on a deferred settlement basis from 4 December 2024.
Future Steps
The record date for the consolidation will be on 5 December 2024. Shareholders can expect updates on their holdings and notifications from the company by 6 December 2024. Final notifications will be made on 12 December 2024. All listed dates are indicative and subject to change.
Executive Comments
Michael Povey, Executive Chairman of Thomson Resources, expressed satisfaction with the progression of the consolidation process. He noted the potential benefits for shareholders following the decision.
Final Notes
This announcement has been approved for issue by the Board of Thomson Resources Limited.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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