GeoOp plans two-for-one share consolidation to boost price for ASX listing

Wed, 19 Jul 2017

By Jonathan Underhill July 19 (BusinessDesk) - GeoOp, the unprofitable management app developer, plans a two-for-one share consolidation aimed at lifting the price of its stock enough to qualify for an ASX listing. The consolidation was approved by its board today. It will shrink the number of shares on issue to 38.2 million from about 75 million currently. "The rationale for the consolidation is that Geo is required to have a minimum share price of AU$0.20 in order to list on the ASX," the company said in a statement. The stock la...

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