|
|
Numeral - proposed consolidation of shares
The Board of Directors advised that it has agreed to consolidate the company's issued shares on a 10 to 1 basis, subject to shareholder approval, after which there will be a private placement of shares for cash whereby up to R100 000 000 (ZAR) will be raised, of which up to USD2 000 000 (USD) (around R34.5 million) will be partly underwritten by Boundryless Proprietary Ltd. ("Boundryless"), an existing shareholder in Numeral. Further details are set out below:
Share Consolidation:
Subject to shareholder approval, the Company will implement a consolidation of its ordinary shares ("the Share Consolidation") on the basis that every ten (10) existing ordinary shares will be consolidated into one (1) new ordinary share, resulting in a ratio of 10:1. Prior to the consolidation, the Company has 1 242 500 000 ordinary shares of no par value in issue. Following the implementation of the consolidation, the Company will have 124 250 000 ordinary shares of no par value in issue.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
