Santana Minerals (ASX:SMI) Security Split Announcement

Santana Minerals Limited (ASX:SMI) has announced a security split for its ordinary fully paid securities. The announcement, made on 25/9/2024, indicates that trading in the post-split securities will commence on a deferred settlement basis from 28/10/2024. The record date for this reorganization is set for 29/10/2024, with the issue date scheduled for 5/11/2024.

Executive Commentary on Security Split

The company is pleased to announce the decision to split the securities, which will result in every 1 pre-split security being divided into 3 post-split securities. This move aims to provide greater liquidity and accessibility to our shareholders. We believe that this reorganization will enhance the overall trading experience for our investors and reflect positively on the company's market position.

Summary of Santana Minerals' Security Split Announcement

Santana Minerals Limited (ASX:SMI) has announced a security split for its ordinary fully paid securities, with trading in the post-split securities set to commence on a deferred settlement basis from 28/10/2024. The record date for this reorganization is 29/10/2024, and the issue date is scheduled for 5/11/2024. The decision to split the securities, resulting in a division of every 1 pre-split security into 3 post-split securities, aims to enhance liquidity and accessibility for shareholders. The company anticipates that this move will positively impact the trading experience for investors and contribute to the company's market position.