Frugl Group's proposed capital consolidation

Frugl Group Limited (ASX: $FGL) has announced its intention to seek shareholder approval at a General Meeting on 18 April 2024 for the consolidation of its issued capital. The proposed consolidation will involve combining every 15 shares into 1 share and every 15 options into 1 option, with no material effect on individual shareholders' percentage shareholding interest.

Frugl Group's Chairman's statement on capital consolidation

The Company will seek shareholder approval for the proposed consolidation at the upcoming General Meeting. The consolidation aims to streamline the Company's capital structure and is part of our ongoing efforts to enhance operational efficiency and financial flexibility. We believe this move will position us for future growth and enable us to better capitalize on opportunities in the retail intelligence ecosystem.

Frugl Group's capital consolidation and outlook

Frugl Group Limited (ASX: $FGL) has announced its proposal to consolidate its issued capital, with the aim of streamlining its capital structure and enhancing operational efficiency. The consolidation, subject to shareholder approval, will involve combining every 15 shares into 1 share and every 15 options into 1 option. This move is part of the Company's strategy to position itself for future growth and capitalize on opportunities in the retail intelligence ecosystem. Shareholders are encouraged to refer to the Company's Notice of General Meeting for further details regarding the proposed consolidation. The Company's ambition to enhance operational efficiency and financial flexibility underscores its commitment to sustainable growth and value creation.