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The latest announcement is out from Metro Performance Glass Ltd ( (AU:MPP) ).
Metro Performance Glass has announced a 1-for-40 share consolidation, aiming to significantly reduce the number of ordinary shares on issue and rationalise its capital structure. Every 40 shares held at 5:00 p.m. on 5 March 2026 will be consolidated into a single share, with fractional entitlements rounded up, cutting the share count from 983,638,824 to about 24,590,971.
The consolidation will be implemented across both the NZX and ASX, with the last day of pre-consolidation trading set for 3 March 2026 and post-consolidation trading beginning on 6 March 2026. The move is designed to simplify Metro’s share register and may improve the trading profile of its stock, while leaving the underlying value of investors’ holdings unchanged aside from price and volume adjustments.
More about Metro Performance Glass Ltd
Metro Performance Glass Ltd is a New Zealand-based glass manufacturer and processor listed on both the NZX and ASX. The company supplies glass products and related services, positioning itself as a key player in the building and construction market with a focus on architectural and performance glazing solutions.
Average Trading Volume: 16,618
Technical Sentiment Signal: Sell
Current Market Cap: A$32.46M
Find detailed analytics on MPP stock on TipRanks’ Stock Analysis page.