Copperstone intends to carry out a so-called reverse split in mid-December where 20 existing shares are merged to 1 new share. The first day of trading after the reverse split will be determined after a formal resolution has been made by an extraordinary general meeting on 30 November 2023.
Copperstone’s Board of Directors has convened an Extraordinary General Meeting to decide on a reverse share split, where 20 existing shares are consolidated into 1 new share. The reverse split is expected to take effect in mid-December, after the shares have started trading on Nasdaq Stockholm Main Market. In connection with this, the shares will receive a new ISIN code.
After the reverse share split, the number of shares in Copperstone will amount to 90,080,342, each with a quota value of SEK 2.00 per share. The Company’s total share capital remains unchanged at SEK 180,160,682 after the reverse share split.