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08-12-2020, 03:42 PM
#801
8 December 2020
Further information regarding share consolidation
Following the announcement on 30 November 2020, Evolve Education Group
Limited (Evolve) (NZX:EVO, ASX:EVO) advises that the timetable for its share
consolidation has been updated to reflect discussions with the ASX, NZX and
Evolve's share registrar since that date. As a result of these changes,
trading is expected to be halted for a two day trading day period, with the
last day for trading in pre-consolidation shares now Monday 14 December 2020.
Every 8 shares held in Evolve on 16 December 2020 will be consolidated into 1
share, with all fractional entitlements rounded to the nearest whole number
of shares (and a fractional entitlement to half a share being rounded up). As
a result of the consolidation, the number of shares on issue in Evolve will
be reduced from 1,118,603,993 to approximately 139,825,499 shares.
The timetable for the share consolidation is as follows:
Monday 14 December 2020 Last day for trading in pre-consolidation shares on
the NZX Main Board and ASX.
Tuesday 15 December 2020 Ex-date for the consolidation. EVO' shares are
expected to enter a two day trading halt from this date until the
consolidation is completed.
Wednesday 16 December 2020 Record date for the consolidation.
Thursday 17 December 2020 Commencement of trading in post-consolidation
shares on the NZX Main Board and ASX.
Shareholders will receive a statement from Evolve's share registrar, Link
Market Services, a few days after the effective date of the consolidation
notifying them of their new shareholding. Pre-consolidation holdings in the
same name will be aggregated for calculation of entitlements and Evolve
reserves the right to aggregate holdings held by associated shareholders
where it considers that holdings have been split in order to take advantage
of rounding.
The Corporate Action Notice filed alongside this announcement replaces
Evolve's earlier notice of 30 November 2020 regarding the share
consolidation.
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15-12-2020, 10:18 AM
#802
Quoted today on a consolidated basis $1.41- $1.44 , trading will be interesting to see.
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15-12-2020, 10:21 AM
#803
Originally Posted by whatsup
Quoted today on a consolidated basis $1.41- $1.44 , trading will be interesting to see.
Suspect traders are mostly out now that it's not a penny dreadful (ASX perspective) so the company is getting a new start as a more respectable entity.
Needs a placement of shares to Institutions next year (say at $2.00) to really kick things along.
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15-12-2020, 12:06 PM
#804
Trading halt announced on ASX but silence on the NZX
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15-12-2020, 12:39 PM
#805
Big acqusition plus dividebds comming
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15-12-2020, 01:00 PM
#806
Member
Originally Posted by Snow Leopard
Trading halt announced on ASX but silence on the NZX
Reason as per the announcement is it's only for the consolidation but I'm hopeful of acquisitions announcement soon.
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15-12-2020, 02:21 PM
#807
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18-12-2020, 10:03 PM
#808
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18-12-2020, 10:10 PM
#809
Originally Posted by sb9
Closed at A$ 1.40 on ASX
that's interesting compared with $1.36 close here ..
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18-12-2020, 10:13 PM
#810
Originally Posted by nztx
that's interesting compared with $1.36 close here ..
the ASX closes later
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