INTERNET GOLD ANNOUNCES 1-FOR-100 REVERSE SHARES SPLIT OF ORDINARY SHARES EFFECTIVE AS OF AUGUST 16, 2019
INTERNET GOLD GOLDEN (IGLD)
US:NASDAQ Investor Relations:
igld.com
Company Research
Source: GlobeNewswire
Ramat Gan, Israel, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Internet Gold - Golden Lines Ltd. (the “Company” or “Internet Gold”) (NASDAQ Global Select Market and TASE: IGLD) announces that the reverse shares split previously approved by the Company’s shareholders on August 8, 2019 shall become effective as of the commencement of trading on the NASDAQ on August 16, 2019. The first trading day of the consolidated ordinary shares on the Tel-Aviv Stock Exchange Ltd. is August 18, 2019. Pursuant to the reverse shares split, each 100 ordinary shares, NIS 0.01 nominal value per share, will be converted into one ordinary share, NIS 1.00 nominal value per share. Once effective, the post-split shares will trade under the same symbol "IGLD" and under a new CINS number, M56595 149. No fractional shares will be issued as a result of the reverse shares split. As of August 15, 2019, there were 28,003,186 ordinary shares outstanding and after the reverse shares split there will be approximately 280,03
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