Noviqtech Limited announces security consolidation

Noviqtech Limited (ASX: $NVQ) has announced a security consolidation, with trading in the post-consolidation securities set to commence on a deferred settlement basis from 4th June 2024. The record date for the consolidation is 5th June 2024, and the issue date is 13th June 2024.

Executive Commentary on Security Consolidation

The company is pleased to announce the upcoming security consolidation, which is aimed at streamlining the company's capital structure and enhancing the efficiency of trading in its securities. This consolidation will provide a clearer and more manageable framework for our shareholders and potential investors, and we believe it will contribute to the overall stability and growth of Noviqtech Limited.

Summary of Security Consolidation Announcement

Noviqtech Limited (ASX: $NVQ) has announced a security consolidation, with trading in the post-consolidation securities commencing on a deferred settlement basis from 4th June 2024. The consolidation ratio is set at 10 pre-consolidation securities being consolidated into 1 post-consolidation security. The company aims to update its register and send holding statements to security holders reflecting the change in the number of securities they hold by 6th June 2024. Trading will start on a normal T+2 basis from 14th June 2024. The security consolidation is expected to provide a more efficient and manageable capital structure for Noviqtech Limited and its stakeholders.