Bonus5 Jun 2026, 02:22 pm
String Metaverse Approves 2:9 Bonus for Public Shareholders
AI Summary
String Metaverse Limited (formerly Bio Green Papers Limited) announced that its shareholders have approved a special resolution for an exclusive bonus issue to public shareholders. The bonus ratio is 2 bonus equity shares for every 9 equity shares held, with a record date set for June 19, 2026. This move aims to help the company achieve the mandatory 25% Minimum Public Shareholding (MPS) requirement. The promoter and promoter group have voluntarily waived their entitlement to this bonus issue. The CEO highlighted the initiative as a commitment to rewarding public investors and strengthening the company's capital market profile while pursuing growth in AI, digital assets, and Web3.
Key Highlights
- 2 bonus shares for every 9 held exclusively for public shareholders.
- Record date fixed as June 19, 2026, to boost public shareholding.
- Promoters voluntarily waived their entitlement to the bonus issue.
- Aims to comply with the 25% Minimum Public Shareholding norm.
Price Impact
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