Datametrex Announces Effective Date for Share Consolidation
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Datametrex AI Limited announces a share consolidation effective February 19, 2025, where one post-consolidation share will replace thirty pre-consolidation shares. The company will not change its name.
February 18, 2025 | 9:45 pm
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Datametrex AI Limited is implementing a 1-for-30 share consolidation effective February 19, 2025. This move is likely aimed at increasing the share price by reducing the number of shares outstanding.
The share consolidation will reduce the number of shares outstanding, which typically increases the share price proportionally. However, the market's perception of this action can vary, and it may not necessarily lead to a change in market capitalization. The lack of a name change suggests no major strategic shift.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100