NTG Clarity Networks (TSE:NCI) has released an update.
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NTG Clarity Networks Inc. is set to undergo a share consolidation, with a new ratio of one post-consolidation share for every five pre-consolidation shares, significantly reducing the total number of shares from 187.7 million to 37.5 million. Shareholders who hold their shares in brokerage accounts need not take action, while registered shareholders will be guided through the process by a letter of transmittal from the company’s transfer agent. The consolidation, which was greenlit by shareholders, is expected to start trading on the TSX Venture Exchange on March 20, 2024.
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