Seatrium Limited share consolidation: What are the implications

What are the details and implications of the recent share consolidation for Seatrium Limited?

If you are currently holding Seatrium shares after the latest consolidation, here’s what you need to know:


Share Consolidation Details:

Seatrium Limited (formerly known as Sembcorp Marine) has proposed a 20-to-1 share consolidation. This means that every twenty (20) existing shares you held before the consolidation will be consolidated into one (1) consolidated share.

Fractional entitlements will be disregarded, and each consolidated share will rank pari passu with each other. 

Trading in the consolidated shares on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) will occur in board lots of one hundred (100) consolidated shares. 


Shareholder Approval:

The proposed share consolidation is subject to shareholders’ approval at the upcoming Annual General Meeting (AGM) scheduled for 26 April 2024. 

Seatrium will issue a letter to shareholders containing details about the consolidation, along with the AGM notice, via announcements on the SGX-ST website and the company’s website. 


Rationale for Consolidation:

The directors believe that the share consolidation may serve to: 

Reduce volatility in Seatrium’s share price.

Stabilize fluctuations in the company’s market capitalization.

Lower transaction costs for trading in each board lot of shares.


Next Steps:

Stay informed by reviewing the official communication from Seatrium regarding the consolidation.

Consider seeking professional financial advice if you have any specific concerns or questions related to your investment.

This consolidation aims to enhance Seatrium’s market appeal and investor interest. If you have further queries, attending the AGM or reaching out to Seatrium’s investor relations team might provide additional clarity. 

Sources:

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