Dropsuite share consolidation announcement

Dropsuite Limited (ASX: $DSE) has announced the approval of the consolidation of the Company's issued capital on a ten for one basis. Shareholders approved this consolidation on 21 May 2024, with the last day for trading on a pre-consolidation basis being 22 May 2024. The Company's ASX code will be 'DSEDD' on the ASX platform during trading on a deferred settlement basis, with normal trading commencing on Monday, 3 June 2024 under ASX code 'DSE'.

Executive commentary on share consolidation

The consolidation of Dropsuite's issued capital on a ten for one basis has been approved by the shareholders, marking an important step for the Company. This decision reflects our commitment to maintaining a strong and sustainable capital structure, which will support our future growth and strategic initiatives. We believe that this consolidation will enhance shareholder value and provide a solid foundation for our continued success in the market.

Summary of Dropsuite share consolidation

Dropsuite Limited (ASX: $DSE) has received shareholder approval for the consolidation of its issued capital on a ten for one basis. The Company's ASX code will temporarily change to 'DSEDD' during trading on a deferred settlement basis, with normal trading resuming under ASX code 'DSE' on Monday, 3 June 2024. The Board of Directors has emphasized that this consolidation is a significant move towards maintaining a robust capital structure to support future growth and strategic endeavors. Dropsuite remains committed to delivering value to its shareholders and positioning itself for continued success in the industry.