XXL ASA (GB:0R3P) has released an update.
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XXL ASA has announced a reverse share split with a 100:1 ratio, effective from 22 July 2024, resulting in an increase in par value from NOK 0.40 to NOK 40. Shareholders will see their shares rounded down to whole numbers, with fractional shares being sold and proceeds going to charity. The company is also changing the ISINs for its ordinary and non-voting shares in connection with the split.
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