Key Petroleum to Consolidate Shares Following Approval

Key Petroleum Limited (AU:KEY) has released an update.

Key Petroleum Limited has announced that its shareholders have approved a consolidation of the company’s ordinary fully paid shares, with the effective date set for November 28, 2024. This move is part of the company’s strategic efforts to optimize its capital structure and potentially enhance shareholder value. Investors will be closely watching how this decision impacts the company’s stock performance on the ASX.

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