Ausgold Limited (AU:AUC) has released an update.
Ausgold Limited is proposing a capital consolidation to convert every ten existing shares into one, aiming to simplify its capital structure and potentially make the share price more appealing to investors. The plan, which will be voted on during the General Meeting on July 24, 2024, would reduce the total number of shares and adjust the value of options and performance rights accordingly, without affecting individual shareholder percentages. This strategic move is designed to align Ausgold’s market position with its peer group and attract a broader investor base.
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