Linkers Industries announces 1-for-250 reverse share split

Linkers Industries (LNKS) announced that its board of directors has approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a 1-for-250 basis. The company’s Class A ordinary shares will begin trading on the Nasdaq Stock Market on a post-split basis on April 6. The reverse share split is intended to increase the market price per Class A ordinary share to allow the company to maintain its Nasdaq listing. As a result of the reverse share split, each 250 issued and outstanding Class A ordinary shares will be combined into one Class A ordinary share and each 250 issued and outstanding Class B ordinary shares will be combined into one Class B ordinary share, automatically and without any action by shareholders. The reverse share split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Class A ordinary shares, except for adjustments that may result from the treatment of fractional shares.