Euro Manganese Inc. (ASX:EMN) Announces 5-for-1 Share Consolidation
Share Consolidation Details
Euro Manganese Inc. (ASX:EMN) will consolidate its common shares at a ratio of five pre-consolidation shares to one post-consolidation share, effective March 31, 2025. Following the consolidation, the company will have 80,533,845 common shares outstanding, down from 402,669,227 shares pre-consolidation. The consolidated shares will begin trading on April 2, 2025, on the TSX Venture Exchange and on April 3, 2025, on the Australian Securities Exchange, subject to necessary approvals.
Impact on Shareholders
No fractional shares will be issued post-consolidation. Shareholdings will be rounded based on fractional amounts, ensuring no change to the percentage interest or substantive rights of existing shareholders. Options will also be reorganised in line with the consolidation ratio, adjusting exercise prices accordingly.
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