InvestSMART

Adherium Limited (ASX:ADR)

ALERT: Price-sensitive ASX Announcement for ADR
Current share price for ADR : $0.070 0.068 (3,400%)+
Announcement
Release
21 May 2026 9:07AM
Price at Release
$0.002
Full Release
download
Summary
Adherium Limited has announced a planned consolidation of its shares, requiring approval from shareholders at an upcoming Extraordinary General Meeting scheduled for June 19, 2026. The company's proposal involves consolidating every 100 fully paid ordinary shares into one, with the effective date set for June 25, 2026. The primary aim of this consolidation is to streamline the number of securities on issue, thereby creating a more appropriate capital structure and potentially enhancing the marketability and trading profile of Adherium's securities. This process will not materially affect the percentage ownership interests of current shareholders, although adjustments will be made to accommodate any fractional entitlements. Details of this consolidation, including necessary shareholder information, are outlined in the Notice of Extraordinary General Meeting.
Key Points
  • Adherium Limited plans a share consolidation.
  • Share consolidation requires shareholder approval.
  • Effective date for consolidation is set for June 25, 2026.
  • Shares will be consolidated on a 100:1 basis.
  • Purpose is to reduce securities on issue and improve marketability.
  • Consolidation will not materially affect ownership percentages.
  • Adjustments will be made for fractional entitlements.
  • Notice of Extraordinary General Meeting provided details.
  • Consolidation applies equally to all security holders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.