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Trinex Minerals Limited (ASX:TX3)

ALERT: Price-sensitive ASX Announcement for TX3
Current share price for TX3 : $0.180 0.179 (17,900%)+
Announcement
Release
26 May 2025 8:23AM
Price at Release
$0.001
Full Release
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Summary
The document is an official announcement from Trinex Minerals Limited (ASX: TX3) regarding a consolidation of the company’s shares, commonly referred to as a share split or consolidation. The notice details the terms of the share consolidation, which will be conducted on a 1 for 20 basis, meaning every 20 existing shares will be consolidated into one new share. The announcement explains the rationale behind the consolidation, outlines the key dates, and provides information about the impact on shareholders, including changes to the number of shares and rounding of entitlements. The document also includes information about the company’s securities post-consolidation, the timetable for the process, and instructions for shareholders. The consolidation is intended to rationalize the company's capital structure and improve the trading profile of its securities.
Key Points
  • Trinex Minerals Limited (TX3) announced a consolidation of its ordinary shares on a 1 for 20 basis.
  • The consolidation aims to rationalize the company’s capital structure and enhance the trading profile of its shares.
  • Shareholders will receive one new share for every twenty shares held at the record date.
  • Key dates for the consolidation process, including effective date and last day for trading pre-consolidation, are specified.
  • Fractional entitlements arising from the consolidation will be rounded up to the nearest whole number of shares.
  • Post-consolidation, the number of ordinary shares on issue will be significantly reduced.
  • The timetable, mechanics, and procedures for the consolidation are detailed for shareholder reference.
  • There is no change to the total value of each shareholder's investment as a result of the consolidation.
  • The announcement includes implications for outstanding options and performance rights held by various stakeholders.
  • Instructions and explanatory notes are provided to guide shareholders through the transition process.
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.