Scout Security Ltd (ASX: $SCT) proposed share consolidation

Scout Security Ltd (ASX: $SCT) has announced its intention to undertake a consolidation of capital at a ratio of 100:1, subject to shareholder approval at a general meeting to be held on Thursday, 25 July 2024. The proposed consolidation aims to provide a more appropriate and effective capital structure for the company and a share price more appealing to a wider range of investors.

Executive Commentary on Share Consolidation

The proposed share consolidation at a ratio of 100:1 is a strategic move aimed at optimizing our capital structure and enhancing the attractiveness of our share price to a broader investor base, including institutional investors globally. This initiative aligns with our commitment to sustainable growth and long-term value creation for our shareholders. We believe that a more streamlined capital structure will better position Scout Security for future opportunities and expansion in the security-as-a-service market.

Summary of Scout Security's Proposed Share Consolidation

Scout Security Ltd (ASX: $SCT) has announced its intention to consolidate its capital at a ratio of 100:1, pending shareholder approval. The proposed consolidation aims to create a more appropriate and effective capital structure for the company and a share price more appealing to a wider range of investors, particularly institutional investors globally. The consolidation will also impact all existing options, performance rights, and warrants in accordance with the ASX Listing Rules. The company's strategic move reflects its commitment to sustainable growth and long-term value creation for its shareholders, positioning it for future opportunities and expansion in the security-as-a-service market.