Overview of Capital Consolidation Completion

Connected IO Limited (ASX: $CIO) has successfully completed the consolidation of its issued capital, following shareholder approval at the General Meeting on 26 July 2024. The consolidation was implemented on the basis of every twenty (20) securities to one (1) security, with resulting fractional entitlements rounded down to the nearest whole number.

Executive Commentary on Capital Consolidation

The completion of the capital consolidation marks an important step for Connected IO Limited. This move is in line with our strategic initiatives to streamline our capital structure and enhance shareholder value. We believe that this consolidation will provide a more efficient and manageable share register, which aligns with our future growth plans and corporate objectives.

Summary of Capital Consolidation and Outlook

Connected IO Limited (ASX: $CIO) has successfully completed the capital consolidation, reflecting its commitment to optimizing its capital structure. The consolidation on a 20 to 1 basis and the dispatch of new holding statements to security holders demonstrate the Company's proactive approach to enhancing operational efficiency. The upcoming Change of Directors' Interest Notices will provide further transparency regarding the impact of the consolidation on relevant directors' holdings. Looking ahead, Connected IO Limited aims to leverage this streamlined capital structure to support its strategic initiatives and drive sustainable growth.