Reverse split tomorrow
Copied and pate from third 6k down on the list
At the Annual General Meeting of Shareholders (“AGM”) of Naked Brand Group Limited (the “Company”) held on December 16, 2019, the Company’s shareholders approved a 1-for-100 reverse stock split (the “Reverse Split”) of the Company’s issued and outstanding ordinary shares. On the effective date of the Reverse Split, every 100 ordinary shares of the Company will be combined into 1 ordinary share, with fractional shares being rounded up to the nearest whole share. The Company expects that the Reverse Split will become effective on December 20, 2019, and that its ordinary shares will begin trading on a post-reverse split basis on such date. As a result of the Reverse Split, the Company’s issued and outstanding ordinary shares will be reduced from 308,943,831 to approximately 3,089,438.
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