Brief: Pharol To Propose Reverse Stock Split Of Shares
26/02/2025 15:39
Feb 26 (Reuters) - Pharol SGPS SA PHRA.LS: TO PROPOSE REVERSE STOCK SPLIT OF PHAROL'S SHARES, BY APPLYING A REVERSE SPLIT RATIO OF 1:100 STOCK TRADING AT LOW UNIT VALUE, BELOW 0.10 EUROSPER SHARE FOR PAST THREE YEARS, WHICH CATEGORIZES IT AS A PENNY STOCK REVERSE STOCK SPLIT AIMS TO PROMOTE INCREASE IN NOMINAL VALUE OF EACH SHARE OPERATION DOES NOT IMPLY REDUCTION IN SHARE CAPITAL Source text: https://tinyurl.com/m6vs6htt Further company coverage: PHRA.LS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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