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Eastnine's Board proposes a share split 4:1 to increase liquidity and facilitate trading in Eastnine's shares.
In order to increase the liquidity and facilitate trading in Eastnine AB's (publ) ordinary shares as well as to achieve a more appropriate number of shares in the company, the Board of Directors has decided to propose that the Annual General Meeting on 25 April 2024 resolves on a share split, whereby each share is divided into four shares (4:1). The Board of Directors is proposed to be authorized to determine the record date for the share split. If the Annual General Meeting resolves in accordance with the Board of Directors' proposal, the share split is expected to be carried out in May 2024.
For further information, please refer to the notice to the Annual General Meeting which will be published today.
Eastnine AB (publ)
For more information contact:
Kestutis Sasnauskas, CEO, +46 8 505 97 700
Britt-Marie Nyman, CFO and deputy CEO, +46 70 224 29 35
Visit www.eastnine.com