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Scalare Partners Holdings Limited (ASX:SCP)

ALERT: Price-sensitive ASX Announcement for SCP
Current share price for SCP : $0.056 0.006 (12%)+
Announcement
Release
2 Jul 2026 10:33AM
Price at Release
$0.050
Full Release
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Summary
Scalare Partners Holdings Limited has announced a proposal to consolidate its shares at a ratio of 1:60, effectively streamlining its capital structure. This move is expected to maintain the company's total market value while potentially increasing the per-share price, with an aim to improve capital efficiency. The consolidation will reduce the number of shares from 146,392,293 to 2,439,872 and has been scheduled for approval at the Extraordinary General Meeting on 4 August 2026. Shareholders will receive new holding statements post-consolidation, and any fractional entitlements will be rounded up. The Board of Scalare Partners recommends that shareholders vote in favor of the proposal, which is not anticipated to trigger a capital gains tax event for Australian residents.
Key Points
  • Scalare Partners Holdings Limited (ASX: SCP) proposes a 1:60 securities consolidation.
  • The consolidation aims to create a more effective capital structure with no change in total market value.
  • Post-consolidation, share price is expected to increase proportionally, though market conditions could affect this.
  • The company intends to restructure its capital by reducing its shares from 146,392,293 to 2,439,872.
  • The proposed consolidation requires shareholder approval at the Extraordinary General Meeting on 4 August 2026.
  • New holding statements will be issued post-consolidation, effective from 10 August 2026.
  • Fractional entitlements will be rounded up, and no capital gains tax event is expected for Australian tax residents.
  • The Board recommends shareholders vote in favor of the consolidation proposal.
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.