Primary Sector

Allied Farmers plans 10-to-1 share consolidation

Rebecca Howard
Sun, 30 Jun 2019

By Rebecca Howard July 1 (BusinessDesk) - Allied Farmers announced a 10-to-one share consolidation, a move which will shrink the number of shares on issue and boost the per share price.  The final day for trading in pre-consolidation on the NZX main board is July 12 and as of the July 16 record date the number of shares on issue will be reduced from 178,547,294 to approximately 17,854,729 shares, it said.  The shares last traded at 7.1 cents and have lost 5 percent so far this year.  The company said fractional entitlements to share...

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