Corporate ActionAug 11, 2026, 06:08 AM
Ohmyhome to Hold EGM for 50-for-1 Share Consolidation
AI Summary
Ohmyhome Ltd has announced an Extraordinary General Meeting (EGM) to be held on August 20, 2026, to vote on a 50-for-1 share consolidation. This corporate action will significantly reduce the number of outstanding shares and increase the par value. Additionally, shareholders will consider adopting a Sixth Amended and Restated Memorandum and Articles of Association to reflect the share consolidation and other governance changes. The Board of Directors recommends approval for all proposals.
Key Highlights
- Ohmyhome to hold an Extraordinary General Meeting (EGM) on August 20, 2026, at 10:00 a.m. (Singapore Time).
- Shareholders will vote on a 50-for-1 share consolidation of Class A and Class B ordinary shares.
- The consolidation will change the par value from US$0.0000001 to US$0.000005 per share.
- No fractional shares will be issued; entitlements will be rounded up to the next whole share.
- Shareholders will also vote on adopting a Sixth Amended and Restated Memorandum and Articles of Association.
- Amendments include changes due to the share consolidation, written resolution arrangements, and Class B share transfer rules.
- The record date for determining shareholders entitled to vote is August 10, 2026.
- The Board of Directors unanimously recommends voting "FOR" all proposed items.
Price Impact
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