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Tuesday, December 08, 2020 3:34:35 PM
To our stockholders:
This information statement provides information to you regarding recent action taken by the Board of Directors of ABCO Energy, Inc. (“Company”) to authorize a reverse split of the outstanding and issued common stock of Company, at a Board of Director’s Meeting on December 1, 2020. The reverse split will result in a reduction of (i) the number of authorized shares of common stock of the Company from 5,000,000,000 shares currently authorized to 29,411,765 shares of common stock after the reverse split and also (ii) the reduction of the number of outstanding and issued shares of common stock so that after the split becomes effective the shares of common stock issued and outstanding will be reduced to 1 share for each 170 shares currently issued and outstanding. Currently there are 2,687,999,095 shares issued and outstanding. After the split the Company will have 15,811,760 issued and outstanding shares of common stock. This reverse split is authorized pursuant to Nevada Revised Statutes 78-207. No fractional shares will be issued, and no cash or other consideration will be paid. Instead, the Company will issue one whole share of the post-reverse stock split common stock to any stockholder who otherwise would have received a fractional share as a result of the reverse stock split. The reverse split will become effective at the opening of business on January 15, 2021.
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