Paladin – Proposed Consolidation of Share Capital
Hi Team, Thanks for your great work! Can I get your thoughts and explanation on Paladin's proposed consolidation of share capital? Thanks, Kim
The Latest Q&A
Answer
Hi Kim,
In simple terms PDN has proposed to convert every 10 shares to one new share with shareholder approval to be sought at their AGM on April the 9th. Its really just a “play” with numbers but the consolidation would in theory make the share price more appealing to some international investors, moving to $12.45 based on yesterdays close and if you have 100k shares, you end up with 10k.
- Were remain long & bullish PDN and we see this as a progressive if not major step forward.
