Copperstone intends to carry out a so-called reverse split in mid-December, where 20 existing shares will be consolidated into 1 new share. The first day of trading after the reverse split will be determined after a formal decision is made at an extraordinary general meeting on November 30, 2023.
Copperstone’s board has convened an extraordinary general meeting to decide on the consolidation of the company’s shares, a so-called reverse split, where 20 existing shares are consolidated into 1 new share. The reverse split is expected to be executed in mid-December, after the shares have started trading on the Nasdaq Stockholm Main Market. In connection with this, the shares will be assigned a new ISIN code.
After the consolidation of the shares, the total number of shares in Copperstone will amount to 90,080,342, each with a nominal value of 2.00 Swedish kronor per share. The company’s total share capital remains unchanged at 180,160,682 kronor after the consolidation of shares.