Corporate ActionApr 26, 2026, 05:24 AM
DGNX 8-for-1 Share Consolidation; Authorized Capital Increase
AI Summary
Diginex Ltd. announced that its board and shareholders approved an 8-for-1 share consolidation and an increase in authorized share capital. The changes, effective April 28, 2026, will reduce the number of outstanding ordinary shares from over 232 million to approximately 29 million. This corporate action is intended to provide the company with sufficient headroom in its authorized share capital structure for flexibility and to support general corporate purposes, M&A, and compliance with Nasdaq's continued listing requirements, including the minimum bid price.
Key Highlights
- Diginex Ltd. approved an 8-for-1 share consolidation of its ordinary and preferred shares.
- Authorized share capital increased from US$50,000 to US$200,000.
- The changes will be effective at 9:30 A.M. EDT on April 28, 2026.
- Outstanding ordinary shares will decrease from 232,807,527 to approximately 29,100,941.
- The new CUSIP number for ordinary shares will be G28687112.
- Warrants will be adjusted proportionately, except for 4,170,520 warrants issued to Rhino Ventures Limited.
- The action aims to comply with Nasdaq's minimum bid price requirement and provide capital structure flexibility.