TC BioPharm Announces ADS Ratio Change From 1 ADS Representing 20 Ordinary Shares To 1 ADS Representing 200 Ordinary Shares; Effective August 5, 2024
Portfolio Pulse from Benzinga Newsdesk
TC BioPharm has announced a change in the ratio of its American Depositary Shares (ADS) from 1 ADS representing 20 ordinary shares to 1 ADS representing 200 ordinary shares, effective August 5, 2024.
July 31, 2024 | 12:05 pm
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TC BioPharm has announced a change in the ratio of its American Depositary Shares (ADS) from 1 ADS representing 20 ordinary shares to 1 ADS representing 200 ordinary shares, effective August 5, 2024. This change is likely aimed at increasing the per-share price of the ADS.
The change in ADS ratio is typically aimed at increasing the per-share price of the ADS, which can make the stock more attractive to institutional investors and improve liquidity. This is generally seen as a positive move for the stock price in the short term.
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